Harvesting New Ideas In The Field Of Property Valuation
April 18, 2014
The biggest challenge which is perhaps hindering the growth of real estate and property valuation business is the fact that there is lack of new ideas to take the business to a next higher level of success. Towards this objective there are quite a few non profit institutions and groups who are putting their heads together to help come out with new ideas. At the end of the day, these new ideas are derived only from the field and hence even these institutions should understand the important of being in touch with the ground at all points of time. This is where all the action is and this is where ideas should also germinate from.
Let us now look at the ways by which these non-profitable institutions and organizations can help. They can help in many ways. To start off, these organizations provide a platform for all like minded individuals and entities to get together. They could either be valuers themselves or could other stakeholders like banks and financial institutions, real estate promoters and builders, real estate agents and real estate lawyers and attorneys. Some government departments could also be roped in.
When so many talents and skills from such a varied group put their heads together, they could play a big role in helping to give a new direction to the way valuation business could be given a new direction. In fact it would not be out of place to mention that many such ideas have originated because of continuous deliberations of these likeminded stakeholders, though in an unofficial manner. For example taking part in website competitions is one such idea that has obviously come from such brainstorming sessions.
There is a need to also broad base the membership of such non-profit organization and the organizations have a very important role to play. They should be manned by professionals who are passionate about giving a new direction to valuation business, failing which nothing much will change on the ground.