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Automate real estate valuation with predictive modeling
Automate real estate valuation with predictive modeling
Our client brings you well over 25 years of experience as a trend-setting and independent real estate consultancy. Seasoned in all types of properties, they offer you analyses, valuations and advice relating to all kinds of real estate in the Benelux at all stages of the real estate cycle.
Goal:
A real estate valuation contains a list of all details specific to a property, as well as an estimate of the total property value. The estimated value is especially important in the context of granting insurance policies and mortgage loans. Defining the correct value is a labor-intensive and costly process. Our client was looking to automate the value estimation of properties based on internal data and publicly available data on the web.
Robust models that can accurately estimate property values
Significantly reduced manual work
Preferred partner in the market thanks to specialized offering
Use Case:
A real estate valuation contains a list of all details specific to a property, as well as an estimate of the total property value. The estimated value is especially important in the context of granting insurance policies and mortgage loans. Defining the correct value is a labor-intensive and costly process. Our client was looking to automate the value estimation of properties based on internal data and publicly available data on the web.
Solution:
Offering a property value estimation as an on-demand service to customers makes our client a leading innovative company in their sector. They are also a preferred partner for insurance companies as it further streamlines the insurance process. The main cost of our client - expert labor costs - are reduced so that employees can focus on the more difficult cases that do not fall within the scope of the models.
Approach:
- Reduce the complexity of the available data through a business-driven aggregation process.
- Design, create, test, and select the best performing models.
- Develop a REST API to simplify the integration of the models into a web interface to make it available to the target audience.