Executive Summary:

We propose to develop a new product that streamlines the home evaluation process for homeowners and evaluators. This product will utilize our expertise in 3D modeling and photography to provide a comprehensive solution to the current weaknesses in the home evaluation process.

Background:

A recent law in Quebec mandates that all owners of condos and condominiums must hire a professional home evaluator to determine the true value of their home. This law aims to reduce the discrepancy between the amount of coverage homeowners typically purchase and the amount they actually need in case of major fire or partial loss.

Problem:

The current home evaluation process is hindered by confusion and stress for homeowners when it comes to filling out the form that provides a detailed description of the construction materials used in the reference unit. This form is required before an appointment with an evaluator can be scheduled and it is often filled out inaccurately, leading to more time-consuming and error-prone evaluations.

Solution:

Our product will create a 3D scan of the apartment, generate floor plans with accurate measurements, and fill out a streamlined version of the problematic form. This will remove the burden of filling out the form from the homeowner, making it faster and easier for them to schedule an appointment with an evaluator. Additionally, the 3D model will serve several functions throughout the evaluation process, providing a permanent record and numerous benefits for both the homeowner and evaluator.

Benefits for the Home Evaluator:

• The 3D scan can be used to visualize the home before and after inspection, making it easier for the evaluator to remember the space and reducing the risk of missing details.
• The scan can serve as a detailed permanent record that can be accessed in the event of a dispute or court case.
• The scan can be used to evaluate condos with significant improvements, potentially saving the homeowner money and protecting their investment in case of damages to their property.

Benefits for the Homeowner:

• The homeowner will own the right to the scan, which can be used to show their home to others.
• The scan can be used to justify an insurance claim in the event of theft or fire.
• The homeowner will not have to bear the burden of filling out the form and can schedule an appointment with an evaluator faster.

Conclusion:

Our new product has the potential to revolutionize the home evaluation process by utilizing 3D modeling and photography to provide a comprehensive solution to the current challenges. By removing the burden of filling out the form from the homeowner and providing numerous benefits for both the homeowner and evaluator, our product is poised for success.