Appraisal Articles 2019 Free Appraisal Articles for Appraisers and the Public
Don’t think 5G is going to be a big deal? You better start reading because it already is. One millisecond response time is faster than a human response time and “exponentially” faster than 4G. One promo I saw talked about being able to watch 400 movies simultaneously, as if that were a thing. I have read about the speed increases but what is talked about and what is delivered may be substantially different, but either way the technology will be life changing.
When you think about the 3D world that is planned by Apple and others 5G has to be available to make much of it work. Amazing technological breakthroughs for the infrastructure and phones is not a future, long-term thing. Many jaw-dropping changes will hit the market in 2020 including many of the phones that you will need and be surprised by. The prediction is that everyone will throw away the phone that they have to purchase a 5G phone. That’s a lot of phone sales!
Before the revolution really begins for you, you are going to have to have a 5G phone (few are now available) and the 5G system has to be in place to support it. That means you still have some lead time before it becomes a “must buy” improvement.
Since 5G signals reach out to a near 1 square mile area, while 4G LTE signals can cover areas ten times that, there will be a need for many more cellular towers to serve high population density areas and roadways that are already served. Sure “small box” pole installed cells will take care of some needs but as demand continues to explode the need for more reliable tower sites will continue. It is good news for the real estate business since new site demand will increase and existing site retention will be more important.
It’s also good for the appraisal business since more people will want to know what a cell sites are worth as demand for them continues to increase, but do you as an appraiser have any comparable rentals and / or comparable sales of 5G cell sites in your database? Probably not, and cell site owners want to know if their site value has changed. Most understand that while their tower may serve a smaller 5G area is no less valuable if that area includes a major transportation corridor or a densely populated / downtown area.
Of course there is always a downside to a new technology. Electromagnetic radiation, a past potential cancer causing problem emitted from power transmission lines and cell towers, is anticipated to be a much bigger issue for 5G with its anticipated “small box” installations, especially since there will be so many locations and many of those are planned to be near residential development.
A “Small box” installation sound compact while actually the name is a misnomer since all installations require two boxes, one is said to be the size of a refrigerator, and an installation every 500 feet has been discussed in the Press.
So, with 5G you will get the best and the worst, the fastest technology that will make your new phone do truly amazing things in a blink of an eye and thousands and thousands of “small box” locations that are potentially problematic for our health. It doesn’t sound too much different from what we have only except that it will be multiplied to be potentially many times worse on the installation side.
If you have any evidence of what is being paid for 5G leases or sales I would appreciate a copy of your data for appraisal purposes. Please email me at firstname.lastname@example.org.
For more appraisal information contact Glenn J. Rigdon MA, MRICS, IFAS, ASA who is a Las Vegas / Henderson Nevada based broker and appraiser who can be contacted via email or via his business website known as Appraiser Las Vegas (http://www.appraiserlasvegas.com), or http://www.horizonvillageappraisal.com, or you can also click on “Contact Us” on the home page of this website or visit my public profile at LinkedIn at http://www.linkedin.com/pub/glenn-rigdon-ma-mrics-asa/1a/30b/879/
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