Valuers
The latest trends in the valuation market
Recently, we increasingly see how digital innovations improve our entire workflow. Innovations enable a more efficient work process, so that appraisers can focus on what is really important. In this blog, we zoom in on a number of trends in digital innovation and transformation in the valuation market.
The traditional way of valuation has undergone significant changes in recent years. Due to the rise of advanced technologies and groundbreaking innovations, such as AI, access to public data sources and a wide range of software solutions. And these are interesting tools for the valuer. Everyone is busy with efficiency and connecting public data sources. But what is the best approach? Time to see how we can respond to all these trends.
Trend 1: the connection with public data sources
Knowledge is there to be shared. Yet information that is interesting for multiple parties often remains in one place. New digital technologies make knowledge sharing increasingly easier. Also within the valuation market.
Take for example the linking of public data sources. In this way we make data available that is interesting for appraisers. Think for example of data from the Land Registry, CBS data, municipal charges or spatial plans destination information. But also energy labels or information from the monument register: is the building a monument or not? Entering this information over and over again is a lot of work. This is where digital software solutions come into play. These tools are a great help in drawing up appraisal reports.
Now that people are so concerned with efficiency, automation is becoming increasingly attractive. This requires more than an Excel file. With the right valuation software, valuers work future-proof. Let digital technology work for you, so that you can really add value to your valuation reports.
Trend 2: the valuation market is open to innovation
So there are many new tools that make valuation easier. But when new technologies emerge, there is often resistance. Fortunately, we see that the valuation market is curious about all technological developments. They want to invest time and energy to integrate it, and to really add value for their clients.
Take AI for example. Many people looked askance at the rise of this technology. Will it take our jobs? On the contrary, AI can be a great asset if you know how to use it. Services like ChatGPT make many processes easier and faster. Everyone has an opinion about it, but it is not always clear how it works. You can’t just type in a few words and expect a good product to come out. We need to look at it differently. Not ‘how do I make my job as easy as possible’, but ‘how can I make AI as practical as possible for my work and target group?’.
AI can also be a useful tool in the valuation world. For example, think of the location description in a valuation report. This can easily be automated. KATE is continuously working on this: how can we use technology as practically as possible in the valuation process? Moving along with the continuously changing market is more important than ever.
How does KATE respond to these trends?
KATE has both feet firmly planted in the market: through intensive customer contact, we know what is going on at all times. We help to make the transition to a new digital environment. With our experience, we have developed practical software to make the work easier. KATE uses data from public sources to automate valuations. Think, for example, of building information, neighborhood information, CBS data and disposable income in the area. Drawing up precise, accurate and complete valuation reports has never been easier. The time saved by the valuer can be used to provide valuable advice to customers. Focus on your expertise as a valuer and add value for the customer in this way.
Are you curious about what KATE’s valuation software can do for you? Feel free to contact us!