Drones: Can They Be the Next Big Thing In Real Estate?

Drones are unmanned aerial vehicles that have been used by the military for many duties. However, recently they have been gaining interest in the private sector, and many businesses and companies see the benefits of being able to use them, including the real estate industry.shutterstock_173864198

What Industries Currently Use Drones?

While drones are a current hot topic, few industries are actually using them right now. Law enforcement, national security and the scientific community use them, but it’s on a limited basis. The reason for this lack of use is because the FAA has prohibited the use of drones for commercial use, except on a strict case-by-case basis.

However, changes are coming, and the FAA has already been charged with creating regulations for allowing the commercial use of drones. This is an exciting news for many industries, including real estate.

It’s Already Happening

The FAA has already allowed one real estate company to use drones. Douglas Trudeau at Tierra Antigua Realty was allowed to use drones for aerial photography. However, the FAA still won’t let Tierra Antigua Reality use their drone whenever they want. There must be an FAA Private Pilot and an observer around.

There are real estate agencies and other industries that have been taking aerial photos without FAA approval. In fact, late 2013, a photographer for the University of Virginia was fined $10,000 for flying a drone without permission. The case was later thrown out, but real estate agencies and HOAs should take heed to hold off on drone use until the FAA has declared it legal.

Why Drones and Real Estate?

Drones are a great option for real estate and HOAs. Firstly, the aerial photos from drones give an easy-to-understand picture of the area. Further, it allows community associations and potential buyers to examine the condition of the area, such as roofs and other common areas. Not only is this beneficial for finding buyers, it’s also useful for keeping the association in top condition.

Drones are becoming more and more popular, and even HOAs and real estate companies can benefit from their many benefits. Currently, the FAA still only allows commercial drone use on a case-by-case basis, but they are currently working on regulations to make it legal.

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