Property Data
What is Property Data?
Property Data, or real estate data, refers to detailed information about real estate assets, including residential, commercial, and industrial properties. It encompasses a wide range of data points such as property size, ownership details, market value, location, zoning information, and property history.
Property Data is often used in real estate analytics, market research, and property management systems to track trends, assess property values, and identify investment opportunities. It is essential in industries like real estate, finance, and urban planning.
What is Included in a Property Data?
Property Data can include various elements such as:
- Basic Information: Address or precise coordinates, property types (e.g., house, apartment, commercial space), number of rooms, square footage, building heights, construction materials.
- Ownership Details: Owner’s name, property tax records, deed information.
- Market Value: Estimated market price, recent sale prices, valuation trends.
- Zoning and Land Use: Zoning classification, land use restrictions, building codes.
- Environmental factors: zoning, land use, building codes, flood risk.
- Historical Data: Past ownership records, price history, renovation details.
This data can also include images, floor plans, and neighborhood statistics, enhancing the comprehensive view of a property.
What are the Benefits of Property Data?
Property Data offers numerous advantages across different sectors, including insurance, retail, real estate and utilities. Here are 5 use cases for this type of data.
- Spatial Analysis and Scenario Modeling: Facilitates spatial analysis, scenario modeling, and business optimization, helping businesses and governments to optimize resources and plan efficiently, by understanding the interaction of sites with their environments.
- Real Estate Market Analysis: Helps in identifying market trends, property valuations, investment opportunities, supports property listings and real estate investment strategies.
- Urban Planning: Aids city planners and developers in making informed decisions about land use, infrastructure development, and zoning regulations.
- Insurance and Utilities: Enables detailed risk assessment for insurance companies, especially in disaster-prone areas, and supports utilities in evaluating risks related to infrastructure, such as wildfires or pipeline leaks.
- Retail Optimization: Enhances supply chain optimization, site selection, market analysis and risk assessment for retail businesses.
What Type of Property Data is Offered by Korem?
Korem mostly provides its clients with Precisely’s Property Attributes, which includes:
- Lists of property records, containing an accurate latitude and longitude for properties from over 3,100 counties across the United States.
- Over 190 attributes to analyze a given property.
Korem also provides the expertise in understanding, analyzing and implementing procedures to get the most from property data.
While the data is well documented and is relationally constructed, Korem has processed the data for our customers to deliver an immediate actionable dataset relieving end users of that burden.
Korem has also assisted customers by creating dashboards and services that are easily consumable by the appropriate departments and facilitates the integration of property data at every level of an organization.
