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What tools can you add to your toolbox?

June 13, 2024

As technology continues to revolutionize every industry, appraisers can also embrace the ever-evolving landscape to stay competitive and efficient. In this blog, we'll explore the concept of "tools in your toolbox" and how appraisers can leverage new software and innovative appraisal techniques to enhance their skills, streamline processes, and deliver top-notch results.  At Aloft, we’re constantly seeking to empower our own staff with technology that makes their lives easier so we know how critical it is to take on this challenge.  

Embracing New Software:

In today's digital age, software applications designed specifically for appraisers are available and improving. These tools can streamline the appraisal process, improve data accuracy, and expedite report generation.  Being open to trying new software can mean saving time, improving productivity, better supporting your value conclusions and retaining satisfied customers.

There are some essential software applications that can significantly benefit appraisers, such as:

 **Appraisal Management Software** Centralizes appraisal data, automates tasks, and helps track assignments.

**Geographical Information Systems (GIS) Tools** Provides mapping and spatial analysis, aiding in location-based assessments.

**Statistical Analysis Software** Enables data analysis and regression modeling for more robust appraisals.

**Mobile Apps** Facilitates on-the-go data collection and photo integration for property inspections.

Seeking New Ways to Do Appraisals:

At Aloft, we encourage our appraisers to invest in continuous learning and seek certifications that expose them to innovative techniques and methodologies.  We support them in various ways of earning their required CE and have a team dedicated to Learning and Development right in our Seattle office!

Many of our appraisers are part of industry associations, those can offer access to workshops, seminars, and conferences that introduce novel approaches and tools.  Many states like Texas have regional groups that allow for local interaction and networking.  Thos groups can provide valuable insights and lead to shared knowledge of new practices.

Helpful Tips to Incorporate New Tools in Your Toolbox:

  1. Start Small and Gradually Integrate: begin with one new software application and invest the time to master it before expanding to others.

  1. Seek Training and Support: New software can be intimidating at first, but most providers offer training and customer support to ensure a smooth transition.

  1. Track Progress and Measure Results:  keep some simple details on how the new tools impact your workflow, efficiency, and the quality of their appraisals.  You might be surprised to see how a little extra time and money has a big payoff in your schedule and results!

  1. Using Charts and Lengths to Support Your Appraisals:  Great softwares should help your clients better understand your results. Consider incorporating bar graphs, pie charts, and line graphs to present comparisons, trends, and statistical analysis.

The phrase "tools in your toolbox" perfectly encapsulates the notion that appraisers should constantly explore new software and innovative techniques to improve their craft. Embracing technology not only enhances productivity and efficiency but also ensures the delivery of accurate and comprehensive appraisal reports. With continuous learning and an open mind, appraisers can elevate their skills, ultimately benefiting both their businesses and the clients they serve. Our Aloft team of appraisers and engineers is full steam ahead with building solutions that do all of this and more…and soon we’ll be sharing it with you!!

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