It’s my second blog post, and I’m still trying to wrap my head around the whole blog posting thing. How am I doing so far?
Following up from my previous post, we now venture into the timeless world of property developers and real estate valuers, metaphorically speaking of course. In my imagination, property developers and real estate valuers have got it easy. Why? Well my initial thought was because of the large available resources that many people involved in the property industry have access to, allowing for better valuation.
Here to back me up this week is Alex Moffatt of Estate Master, who talked about the innovative software that has significantly impacted the property industry. It was not the first time I’ve seen the word Estate Master. I initially stumbled upon the software on a YouTube video, when I was distracted by the ad displayed on the bottom. But for those who have no clue what Estate Master is, it’s a property development software that assists property professional with all aspects of property valuation. It includes five main product suites and they are:
- Development Feasibility
- Development Management
- Corporate Consolidation
- Investment Appraisal
- Hotel Feasibility
If you take a look on YouTube, there are a number of Estate Master demo videos you can view. Here is one of the few many I found;
Although this is a lot to take in, I better understood Estate Master as simply a software aimed to help and assist property professionals in making better decisions, minimising risks and errors, and more importantly managing the entire building development process. I think the software is limited in comparison to other generic software’s such as BIM, however one of the functions Estate Master does offer is that it allows you to evaluate and compare the feasibility of projects. This option allows professionals to determine the value and development of the site, along with the highest and best use.
The software is restricted to property development and management, mainly targeting large investment companies. However, Alex mentioned that there was a DF Lite version available, offered to smaller firms and companies. What’s also interesting about this property software is that it uses familiar spreadsheet format and functions to the Microsoft Excel. We all know about Microsoft and to this advantage, makes the software easier and flexible to use across a variety of people. (Props to the man behind the desk)
I think it’s clear how the impact of Estate Master software, contributes to the property industry and in particular property individuals. It really goes to show how IT can be innovatively used to improve the control of projects, from valuation stage through to the risk management.
A Digital Discovery 