Drones Take Flight in Real Estate Industry
If there’s one real estate trend that’s surely taken flight over the last couple years, it’s drones (pun very much intended). Drones are leveling-up listing photos, turning basic from-the-ground house shots into aerial masterpieces that showcase the entire property—water features, landscapes, mountain views, and more. A recent panel at the National Association of REALTORS® (NAR) Conference & Expo in Orlando tackled the trend and highlighted some of the issues surrounding it in a 90-minute session, “Unmanned Aerial Systems (Drones) and How They Can Help You.” Moderated by Trey Goldman, legislative counsel for Florida Realtors®, panelists discussed regulation updates, safety, education and more, while providing specific examples of how drones can take listings above and beyond.
The Federal Aviation Administration (FAA) forecasts that there will be over 1.3 million commercial drone pilots by 2020, with over 11 million commercial drones sold. Drones are a $2.6 billion market today, set to quadruple in 10 years to over $10 billion.
Goldman noted that much of the damage from the recent Hurricane Matthew in Florida was shot via drones and that Disney World just received permission to fly drones over their parks in the evening. Drones are here to stay and everybody wants in…even those with world-renowned mouse ears.