Valuation Review - Seeing the big picture

Valuation Review - Seeing the big picture

From an interview I did with Mike Holzheimer of Valuation Review
More and more, the appraisal profession is utilizing drone photography to achieve accurate data from devices that can get into the tight spaces appraisers cannot access.

Scott Anderson, a Certified General appraiser, outlined some of the advantages appraisers will come to know by choosing this option in obtaining the necessary data they need for assignments.

He also pointed out advantages for the appraiser taking his/her own drone photographs, as opposed to hiring someone else to take them in addition to some basic initial steps appraisers need to take before taking flight.

“Getting a drone and your license will take some investment up front, but I think it is well worth it in the long run,” Anderson told Valuation Review. “If you hire someone else to do it, then you have to wait on their schedule, assume they know what you want, and incur regular expenses that never go away. First, you have to get your license. If someone is going to use a drone in any kind of commercial endeavor, they must be licensed by the FAA.

“Second, get a drone,” Anderson added. “There are several drones on the market that are appropriate for doing appraisal work. Right now, I’m flying the DJI Phantom 4 Pro. Other drones that would be good to look at would be the Autel Evo and Autel Evo 2, DJI Phantom 4 Advanced, DJI Mavic, Yuneec Typhoon, and Parrot ANAFI. And don’t think you have to buy a new drone. There are plenty of used drones out there in great condition that you can get for a very good price. Third, start flying it. There are videos all over YouTube that will show you how to fly just about every drone out there.”

There are some things appraisers might not understand when it comes to the utilization of drones, or confusion about what specific credentials are needed.

Drones, Anderson said, are regulated in similar ways that aircraft are regulated. Appraisers have to become familiar with the FAA regulations, and they need to become familiar with the airspace around you. And if they are going to use the drone for business, they have to be licensed by the FAA.
To read the whole article, click here.

Valuation Review - Know your surroundings

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