Most appraisals today will include a sketch of the property in the report. There are tons of options when it comes to choosing sketching software that can be used to create them.
Imagine if appraisers began including 3-D sketches in their reports? How cool would that be?
There is software that allows someone to create 3-D sketches. Google Sketch-up and Floor Planner are two popular software products. The only problem with those programs is that they are not very efficient nor accurate. They can be incredibly time consuming, and really requires an expert’s touch and even special camera equipment and site-visits to create anything you’d want to show a potential buyer.
Zillow is looking to change that.
Recently Zillow’s StreetEasy unveiled its newest toy, interactive 3-D floorplans. For now, they are testing it in New York City. They will now be giving potential homebuyers a three-dimensional view of select listings.
“Adding 3-D floor plans to some of our most-viewed listings makes them even more valuable for shoppers. It’s empowering buyers with a better way to envision their new home.”
said General Manager of StreetEasy Susan Daimler.
It’s important to know the proportions of bedrooms, where the kitchen is located and imagine how you can flow from one room to the next. Only a floor plan can give you this vantage point.”
According to Floored founder and CEO David Eisenberg, “The Floored software that now powers StreetEasy’s 3-D floor plans reimagined how this process should work and now converts 2-D to 3-D models in a fraction of the time. We were excited to bring this technology to StreetEasy first.” Using Floored’s core technology (the program they currently use to display 2-D floor plans), this new program can create an accurate 3-D model of a property in as little as 24 hours with only a few clicks.
If this is successful in New York, it wont be long before we’ll be able to view 3-D floorplans across the country. As real estate appraisers, the ability to view a 3-D floorplan after a site visit would pretty cool. I could even imagine adding them to our reports. How would you use this sort of technology where you work? Let us know in a comment below!
Jonathan Montgomery Founder and President of the The Real Estate Appraisal Group. He has been a real estate professional since 1998. He’s been a broker, and investor and now serves as an appraiser. He currently works as an appraiser, doing real estate appraisals in Washington D.C., Southern Maryland, and Northern Virginia.