BEFORE THE TASK - “Do I have the technical data to perform the task?”
“Do I have the technical data to perform the task?”
The second question to be asked before you take on an operation or assignment is “Do I have the technical information to complete the task?” In real estate appraising the technical data can be in the form of plans, maps, photographs, market analyses, environmental studies, physical characteristics, etc. Technical data is not the software but the data produced that is necessary to accurately estimate of market value. In drone operations it is the airspace maps, weather reports and possible current flight restrictions to safely perform the mission.
Both are similar in the fact that they are ways of risk mitigation. The more data you have from reliable sources, the more accurately situations can be assessed. The key is to know where to find the reliable data and use it properly. So before you take on an assignment or aerial operation, ask yourself “Do I have the technical data to perform the task?”
To learn more about how aerial inspections are impacting real estate be sure to check out one of the webinars “Aerial Inspections for Real Estate” being presented to the South Carolina Chapter of the Appraisal Institute on February 23 2021, or the Massachusetts/Rhode Island Chapter of the Appraisal Institute on February 24, 2021. Both are approved for 3-hours of continuing education credit for real estate appraisers in those states.