Low-altitude aerial photography and videography have a variety of practical applications within both the real estate and machinery & equipment disciplines of the appraisal profession. Aerial data collection has the following benefits:
- A supplement to ground-based inspections of land, machinery and equipment. The Appraisal Foundation recently noted that a drone survey counts as a personal inspection provided it is in conjunction with the appraiser’s visitation of a subject property.
- Detailed inspections will contribute to professional compliance with CUSPAP, USPAP and IVS and demonstrate a high level of due diligence to your clients.
- Allows inspection and documentation of inaccessible parts of a structure such as roofs, balconies, walls, and high-level equipment.
- Provides a more comprehensive view of subject properties.
- Permits views of surrounding properties and terrain.
- Digital aerial photographs can be easily incorporated into appraisal reports resulting in more expansive documents for clients.