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The Role of Aerial Imagery in Real Estate Property Development, Assessment and Valuation

By September 30, 2024No Comments
aerial imagery

Aerial imagery has transformed how real estate professionals, developers, and appraisers manage and assess properties. Whether through satellite views, drone photography, or high-altitude images, it offers insights once only possible with on-site visits. This technology not only saves time and effort but also empowers professionals with a complete, data-driven view of every property. With aerial imagery, making informed decisions has never been easier.

What is Aerial Imagery and Why it Matters in Real Estate

Aerial imagery refers to the capturing of images from an elevated or bird’s-eye perspective using aircraft, drones, or satellites. It serves as a critical tool for property analysis, allowing stakeholders to visually assess a property’s surroundings, topography, and development potential. By offering a unique, 360- degree landscape view, aerial imagery plays a pivotal role in property transactions, site selection, urban planning, and due diligence. 

Types of Aerial Imagery Used in Property Analysis

Various types of aerial imagery and views are used in property analysis, each serving distinct purposes: 

  • Satellite Imagery: Offers large-scale images from space, providing expansive coverage over regions. Ideal for macro-level analysis like environmental assessments or urban planning. 
  • Drone Photography: Captures high-resolution, close-up images of specific areas or properties, perfect for detailed site analysis, construction monitoring, or marketing. 
  • High-Altitude Photos: Taken from aircraft, these images cover wide areas, offering mid-level detail that’s useful for city planning and land-use mapping. 

With GeoWarehouse, you can view detailed satellite and map views of a property in Ontario. The map view also allows users to zoom in and out to focus on the subject property. Moreover, the aerial view can be further enhanced by map layers that identify ownership and assessment parcels, which can be turned on or off based on individual preferences.

  1. A standard aerial view provides a 45-degree perspective of the property. You can further select the property in question.
  2. Use street view to analyze the property’s neighbourhood in detail. This way, GeoWarehouse provides you with a comprehensive visual directory of aerial imagery and street views for properties in Ontario. 
  3. The aerial view and enhanced aerial view allow you to virtually visit any property and identify outbuildings. 
Standard view – Source: GeoWarehouse

Standard view
Source: GeoWarehouse

Aerial View - Source: GeoWarehouse

Aerial View
Source: GeoWarehouse 

Enhanced Aerial View - Source: GeoWarehouse

Enhanced Aerial View
Source:
GeoWarehouse

Understanding Aerial Views in Property Development

Property Builders and Developers need to thoroughly understand land features, zoning regulations, infrastructure, and the environmental implications of their projects. Aerial views help provide a complete picture of how the property integrates with its surroundings, allowing developers to plan for efficient site usage, assess land sustainability, and identify nearby utilities or transportation options. These views reduce the need for multiple site visits and offer more accurate data for project decision-making. 

Leveraging Aerial Views for Property Builders and Developers

Aerial imagery allows property builders and developers to see beyond what is visible at ground level. For instance, they can see existing land use, such as residential, commercial, or agricultural, around potential sites. This information can assist in assessing terrain suitability for construction, planning for drainage, and understanding the full potential of the site. According to local surveys, over 60% of developers in Ontario use drone technology to assess site topography and plan new developments, reducing the need for multiple site visits.

With a GeoWarehouse subscription, developers can not only view aerial imagery of land in question, but also access accurate property data to make informed decisions. Additionally, subscribers can also get exclusive access to the GeoWarehouse store where they can purchase additional analysis reports that help them invest in and keep a record of historical imagery.  

In addition to site selection, GeoWarehouse provides critical information about the legal description of the property, its address, the Property Identification Number, and the Assessment Roll Number (ARN). Moreover, subscribed users can also invest in  HoodQ reports to know the proximity to amenities like schools, hospitals, parks, and recreational activities. By leveraging these features, developers can make informed decisions regarding land acquisition, identifying potential constraints or benefits that traditional maps may overlook.

Leveraging Aerial Imagery for Property Valuation

Appraisers use aerial imagery to validate property data and ensure accurate valuations. By viewing the property from multiple angles, they can spot changes in land use, encroachments, or structural modifications that may not be visible from ground-level assessments.

GeoWarehouse’s aerial imagery offers appraisers a faster, more reliable way to complete property assessment. Specifically, appraisers can leverage the street view to see where a property is located and identify its various attributes like decks, sheds, and fences. Information on such property attributes enables them to conduct a comprehensive property analysis and reduce the need to conduct time –consuming site visits and inspections, particularly for large or complex properties where site visits are time-consuming and costly. 

Leveraging Aerial Imagery for Law Enforcement

Law enforcement agencies benefit from aerial imagery in multiple ways. For instance, high-resolution aerial photos can assist in operations by revealing structures and landscape changes in remote or less accessible suburban areas. Additionally, aerial imagery helps in strategic planning by allowing law enforcement to compare current images with past ones to spot suspicious changes or activities. This, in turn, can be crucial for enforcing laws and regulations related to security and public safety. 

Aerial imagery provided by Geowarehouse to law enforcement agencies can give them a unique overhead perspective of properties that is not easily achievable through ground patrols. By analyzing high-resolution aerial photos, law enforcement professionals can identify outbuildings, hidden entrances, and exits that are not obvious from street level. This capability is crucial in planning strategic operations, such as raids or surveillance. It allows officers to account for all possible routes a suspect might use to enter or exit a property.
Additionally, aerial imagery can reveal concealed areas around a property that might serve as hiding spots or illegal storage spaces, as well as access points to adjacent properties that could be used to evade capture or conduct illegal activities. Access to such information helps law enforcement prepare effectively while investigating  property-related crimes. It also enables them to ensure that all potential risks and escape routes are considered during  on-ground operational planning.

The Future of Aerial Technology in Real Estate

The next phase of aerial technology in real estate is poised to bring even more sophisticated tools to the industry. Specifically, 3D mapping, AI-powered data analysis, and advancements in drone technology will enable real estate professionals to analyze properties with unprecedented detail and accuracy. Moreover, these innovations will not only speed up processes but also provide richer data for decision-making, ultimately making aerial technology a must-have in future real estate strategies.

In addition, GeoWarehouse, with its easy access to high-quality aerial views and geospatial data, stands out as a leading platform in this space. Therefore, unlock the full potential of your property analysis with your GeoWarehouse subscription and experience the convenience of having all the tools you need at your fingertips.