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This is according to a recent article at the Boston Globe that took a closer look at the kinds of homes that those currently in their mid-to-late 50s may want to prioritize as they look to the future.
Many homeowners have decided not to sell their homes but to renovate them instead. If you find yourself in this situation, this article will provide you with a guide that may be helpful to you. I hope you enjoy her article! Understanding Home Renovations Planning a home renovation can be a daunting task.
We all love the feeling of a refreshed, renovated home, and being able to enjoy it instills a sense of pride in its owner. That’s partly why people are spending significant time, energy and money on home renovation projects these days. Despite this, there are some renovations that are worth their price tags. NMLS #412915.
A well-written property description also allows you to highlight aspects of the home that would not otherwise be readily available via MLS, such as a newly renovated kitchen or a brand-new septic system. Its your chance to emotionally connect with the buyers and create the desire for them to come see the home in person.
This article originally appeared in the February 2025 edition of MortgagePoint magazine, online now. Even middle-aged couples often welcome their aging parents into their homes and must renovate their space to accommodate their changing needs. Amid the whirlwind of economic forces impacting the housing market, one trend stands out.
Now Sandoval, who was featured earlier this year in a Wall Street Journal article , is the one knocking on the doors of homeowners facing foreclosure or other distressed circumstances. “I knew things were going down, but I didn’t know how bad it was until people started knocking on our door.” I give them everything. Here are your options.
This is according to an article published by Kiplinger , which took a closer look at the dynamics associated with the cost of living, and the kinds of renovations needed needed to facilitate aging in place versus another arrangement. But renovations can also be grander. Financing these improvements can be an obstacle too.
Constitution Lending rates and terms Interest rate 9.5 - 12% Loan-to-value Up to 75% for purchase loans, up to 90% for renovation financing Upfront fees 2-4% of loan amount Credit requirement 600 Minimum Credit Score Investing experience None required, but a strong business plan can help odds of approval.
million to build and renovate 130 affordable homes in Nashville, Tennessee, bringing the total investment in the city to about $100 million. million grant to local nonprofit CrossBridge ‘s 84-unit housing project, where 50 units will be newly built and the other 34 units renovated. Amazon is committing $10.6
Sixty percent of veterans who are 45 and older “are unaware that VA provides grant funding for home modifications , and almost a quarter of veterans say they need financial assistance to modify their homes to continue living there,” according to an article published by the VA.
Are you planning on renovating your home? This week I welcome back guest blogger, Shirley Martin, who answers these questions in this article. What to Expect When Undertaking These 4 Common Home Renovation Projects. However, you must be aware of your budget and timeline before committing to a kitchen renovation.
The company recently hired Raymond “RJ” Jones to lead its iBuying program as well as Keller Manage, a new service for home maintenance, renovations and moving. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis. This content is exclusively for HW+ members.
But, first-time homebuyers can be leery of taking on renovations, especially if they are tight on cash. In pursuit of fixer-uppers: Homes that linger on the market because they need updates to improve efficiency or aesthetic appeal are not likely to have multiple bidders.
Michael Gevurtz, CEO and Founder, Bluebird Lending This article originally appeared in the February 2025 edition of MortgagePoint magazine, online now. Michael has renovated and built from the ground up, over 75 single-family homes for sale and rent.
You’ve just purchased your first property to renovate. Let the Renovations Begin! When you’re figuring out how much money you can put into your property, don’t forget to calculate renovations. I always appreciate Jessica’s articles! Here are some links to other articles I’ve enjoyed recently!
This narrative was once again repeated in the HousingWire article announcing the FHA first-look program: “Typically, FHA-insured foreclosed properties are snatched up by large investors and turned into rental properties.”. The role of renovators. A deeper dive into the data helps to explain this surprising result. I buy local.
In my last article, I discussed how the square footage of many homes, as reported in public records, is inaccurate. I have read some comments in the MLS, that state that a home had been completely renovated. However, when I looked at the photos, the home may have not been renovated. Click here to visit their website.
This article originally appeared in the March 2025 edition of MortgagePoint magazine, online now. The GSEs are even taking notice of the trend and expanding policies for broader mortgage possibilities, with programs like Freddie Macs CHOICERenovation Mortgages and Fannie Maes HomeStyle Renovation program.
If the offer is accepted, Offerpad goes to work on renovating the home and trying to resell it for significantly more than they bought it for. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis. Offerpad is a six-year-old company founded in 2015 by Brian Bair after a career in real estate investing.
I have written several articles demonstrating the inaccuracy of AVMs like Zillow’s Zestimates. ” The article went on to say that “Research has long shown these computer models are loaded with biases and flaws. This home has also been renovated in recent years. It seems that Zillow got zinged by their own Zestimates!
Take a look at some of the most recent press – The New York Times published an in-depth article in April 2022: “Reverse Mortgages Are No Longer Just for Homeowners Short on Cash.”. The article quotes multiple financial scholars who cite the numerous ways homeowners can use a reverse mortgage proactively.
Having had our kitchen gutted and remodeled a couple of years ago, I can honestly say that I had not thought about this question before our renovation. Also, if you are planning on doing a complete gut renovation of your kitchen, it is best to go for a larger dumpster, as the amount of debris generated will be significant.
When the seller’s market is this hot, is it still necessary to renovate a seller’s home before it hits the market? But just because the ball is already in the seller’s court, so to speak, is it enough to justify skipping renovation altogether? The post Is Home Renovation Necessary Before Listing In Hot Markets?
Are there any improvements or renovations you’ve done to the home?” Tell me about your situation and goals in selling your home.” When would you ideally like to be moved out and closed?” “Are Will there be anyone else involved in the sale?” What price do you have in mind?” “How How did you find me/my team?” “Is
I normally don’t post more than one article per week. This week I have a bonus article for my appraisal colleagues who are interested in becoming expert appraisal witnesses in eminent domain cases. This article was written by Leslie Fields, the Executive Director, Owner’s Counsel of America.
Related articles 9 savvy strategies to get more real estate referrals The best real estate closing gifts for 2025 A luxury pet bed from Pottery Barn ($150-$299) A luxurious pet bed makes an ideal closing gift for clients with four-legged friends. Small repairs are inevitable with any new home.
I hope you find her article to be helpful! For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. Going for an as-is home sale eliminates the need for a lengthy renovation process. ’ The Pros of an As-Is Home Sale.
My family and I are in the midst of a first floor renovation, whilst caring for my wife as she continues to recover from her broken ankle, as I mentioned in my last post. So, I am grateful to have guest blogger, Seth Murphy, who wrote this article for the Cleveland Appraisal Blog. I hope that you find his article beneficial.
In this article, I’ll share the steps, what to include, what not to includes, and how to assemble a CMA report that’ll impress your clients. Like you, as a real estate agent, I have prepared many reports analyzing pricing trends to help provide guidance to buyers, sellers and investors alike.
I’m so sorry for the weeks I missed posting articles last month. Therefore, when making any renovations to increase your home’s worth, always keep in mind that potential buyers may have very different tastes from you. My takes on some of the points mentioned in this post… I hope you enjoyed this article!
When you looked at your email today, you no doubt received a post indicating a new article was out entitled “How Remaining Economic Life Works” So, funny story… I just started working on that article. I do hope it whets your appetite for this future article. High-Impact Home Upgrades for Any Budget.
In this article, I’ll share close to two decades of experience as a licensed agent and small brokerage owner in Boston to help you compete and win listings with a dynamite listing presentation. What renovations or updates have you made that you believe could add value to your home? Are you looking to upgrade or downsize?
According to the park manager Pete Houghton, who was mentioned in an article, “Where the Ducks Walk on the Fish” , this attraction draws over 300,000 visitors a year. So many visitors have stopped by over the years, that they renovated the area to make it more visitor friendly, with better parking and a nicer observation area.
A recent article, “Stop subsidizing Wall Street buying up homes,” perpetuates an uninformed stereotype of single-family rental home companies while revealing a serious neglect for the important contributions industry firms bring to today’s housing market.
This week, I welcome back guest blogger June Duncan, who wrote this article for the Cleveland Appraisal Blog. Decide what you are looking for in your new home, how much space you will want, what renovations you are willing to make, needs relating to your business activities, and more. Hello everyone! Image via Pixabay.
In this article What is real estate farming? Also, know about specific local initiatives and incentives, like land trusts, environmental regulations, property developments, or upcoming renovation projects. Related Article 10 best real estate software solutions for agents in 2024 Then comes the in-real-life (IRL) fun.
This article is not intended to poke fun at people that suffer from different illnesses. What if the neighbor’s home in poor condition, was purchased and then renovated? Thanks so much for continuing to read my articles, as well as those of my guest bloggers. Here are some links to other articles I’ve enjoyed recently!
This article delves deep into how blockchain is set to revolutionize appraisals, offering a fresh perspective to technology professionals keen on staying ahead of the curve. One of its most intriguing applications lies in the domain of appraisals. Understanding the Basics: What is Blockchain?
When selling a home though, most real estate professionals will vouch that — as far as home improvements are concerned — kitchen renovations are worthy investments that will likely increase your resale value. ® , DIY expert and licensed contractor Beth Allen shares six common kitchen renovation ideas with the biggest investment return.
These are good options for cash-poor customers that still want to make essential renovations—particularly those who bought during times of low-interest and want to protect their investment through home improvements that they cannot currently afford.
I’m not going to dive into the nuances of these different types of appraisal work in this article. In this article, I’m going to share some things that have helped me to do so. Don’t be afraid to make a mistake in your article. Here are some links to other articles I think you might also enjoy… .
There are always pros and cons with any home renovation. Renovation pros and cons also apply when it comes to home appraisals. Renovations give your home the added value, but never as much as you spent on the renovations in the first place. The problem with renovations and appraisals. Not so much. Keep reading.
In this article, he shares some things to keep in mind when it comes to plumbing efficiency and tips for avoiding bigger plumbing problems down the road. I hope you find this article helpful! Before you embark on a complete bathroom renovation, take heart. I hope you enjoyed this article! More to come in the future.
In this article, we’ll share ideas and tips, including the best way to present new listings and how to engage your followers with valuable educational content. Post decorating and renovation tips Since customization is commonplace among homeowners, posting decorating or renovation tips may be helpful to your audience.
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