As Automated Valuation Models (AVMs) have increased in popularity, the valuation of properties at scale has become significantly easier. These models do well analyzing all the data associated with a (usually single family) property and its surrounding market to generate valuations, but they are missing a key capability: Accurately assessing a property's quality and condition.
Traditionally, AVMs have lacked the ability to distinguish between well-maintained properties with incredible amenities, and those in disrepair. Humans do this very well – we just look at listing photos for a few properties and we understand their relative quality and condition instantly. But how can you look at ALL the property photos across a large portfolio (or even a whole city) and assess every one of them in terms of quality and condition?
Fortunately, photo-based analysis can now be done at scale with QualityScore.ai. The team at HelloData.ai has been building price prediction and automated valuation models for the better part of a decade, and we’ve combined our expertise in computer vision and AI to fill in this critical gap in AVMs.
Our model objectively evaluates a property's quality condition and features/amenities from interior and exterior photos. It then converts this data to a consistent, easy-to-understand score for AVMs and comparable property detection algorithms.
We provide quality scores every individual room in a property and it’s exterior, then use that data to generate an overall score for each property so it can be compared to others on an apples-to-apples basis.
By utilizing AI to analyze property photos at scale, we help AVM providers and portfolio operators generate more accurate valuations, facilitate better investment decisions, and reduce portfolio risk.
Our AI-powered model offers a consistent, standardized methodology that can be applied to all properties while providing more detailed information than manual appraisals. This level of granularity improves decision-making and facilitates objective property comparisons. With Quality Score, you can:
Our groundbreaking AI-powered condition and quality assessments are poised to revolutionize the property valuation process, providing unparalleled accuracy and consistency. By harnessing the power of photo-based analysis and offering standardized, granular insights, our models unlock a world of possibilities for real estate investors and technology providers alike.