Arial Drones for Real Estate Valuation?

Interestingly, an aerial inspection can get valuable real estate valuation information that cannot be gained from a ground-based inspection. Obviously, with an arial inspection, short of climbing a ladder and walking the roofing of a building, one can better survey for roof damage.

Structural, drainage issues, landscaping and thermographic can come to light. 3-D imaging from drones are a promising technology that can promote better results in some areas such as roof conditions and structural integrity.

In an article entitles: Staying Relevant In The Appraisal Industry, there was this conversation between appraisers.

“Buzz: Why should appraisers attend your webinar?

Lamar: Because I provide a unique perspective into viewing a property. An aerial inspection can provide valuable information that cannot be obtained from a ground-based inspection. Whether an appraiser plans to be a pilot or hires someone to fly for them, data can be acquired easier and more efficiently from the air than 10 years ago. I provide an understanding of aerial technology that no one else can provide.

I have a new 2-day seminar which is being introduced in Puerto Rico called “Aerial Inspections for Real Estate, Mapping, Measurements, and Modeling.” I am working with Skyline Software Solutions to provide the attendees an opportunity to use a mapping service to develop their own maps under a trial period and gain an understanding of how maps can be used for valuation.”  -

Real estate valuations revolve around the reality that each property is unique. Specific research into all the areas of compatibility and contrasts between comparable sold homes culminate in an opinion of value.

That finalized valuation conclusion is backed up by evidence. As such, a real estate appraisal provides valuable information that can be used in a property tax appeal.

This is not rocket science (other than the drones fly over if needed) and anyone can create a valid real estate appraisal using a do-it-yourself Real Estate Valuation and Property Tax Appeal Course that’s offered at: What’s My Home Worth    

real estate valuation

Real Estate Valuation

Home Valuation

As interest rates are getting raised by the Federal Reserve, home valuations might suffer and mortgage rates will accelerate higher. Higher mortgage rates dampen demand for real estate, however, in an inflationary environment owning something like real estate makes sense.

Considering the real estate rentals, the economics of real estate ownership might be to one’s advantage. The only accelerating cost resulting from home ownership is the possibility of future property tax increases.

Real Estate Valuation Advice

“Stick to your financial non-negotiables,” she said. “If the current market isn’t conducive to your budget right now, then don’t stretch yourself unnecessarily. With that said, research your options to find the best financing product for you.”

Rueth firmly recommends not waiting. After all, as buyer demand continues to slow down, supply will continue to increase, giving buyers more opportunities. This means right now is a great time to buy a home and start building equity.

“Know your numbers, your budget, your down payment and your limits,” Rueth said. “Go in with eyes wide open; and, when you see a home that has been on the market for more than a weekend, see it as an opportunity to negotiate!”

In the future, if any homeowner is faced with an increase in property taxes, they can and should conduct a basic investigation for an accurate property tax valuation. We suggest a do-it-yourself approach. This isn’t rocket science.

Utilize free valuation guides and aids  by going to their homepage. They offer a helpful Property Tax Appeal Mind Map – guides you through winning your property tax appeal

Also: Property Tax adjustment Category Worksheet – a spreadsheet that reveals categories where you can make adjustment for comparative properties. And even: Free access To All Comparable Sold Homes In Your Area – get actual sold data that helps you verified the true market value of your subjects home