Cleveland Appraisal Blog

JULY 22, 2021

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. Tackling Electrical Projects. I hope you enjoy it!

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Renovations Appraisal Home Improvement Client Relationships 243

Cleveland Appraisal Blog

DECEMBER 10, 2022

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. Not only that this will help you boost the value of your home but it will also help you attract buyers and sell it quicker. After all, this is the Cleveland Appraisal Blog!

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Appraisal Buyers Renovations Investing 297

Cleveland Appraisal Blog

JUNE 25, 2021

What is the primary reason a newly built home has a higher market value than the same home that is older? Simply stated, it is loss in value. Physical depreciation is the most common cause of loss of value. Even if they are completely renovated, they are still not considered to be new. In a word, depreciation.

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Market Value Appraisal Marketing Buyers 244

Cleveland Appraisal Blog

AUGUST 11, 2022

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. Moreover, buyers sometimes prefer to renovate the home according to their taste.

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Renovations Buyers Appraisal Investing 221

Birmingham Appraisal

MAY 1, 2024

Home Renovations and Appraisal Value As an appraiser, I get asked about how much value will be added for different types of home projects or renovations. The best way to look at home renovations is by considering the overall impact they will have on your home. Updates or Renovations?

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Renovations Appraisal Real Estate Agent Construction 86

Cleveland Appraisal Blog

MARCH 4, 2021

There’s value in that. Subsequently, a new home typically has a higher market value than one that has already been lived in. You can also listen right here at Cleveland Appraisal Blog! The Best Part Of My Job As An Appraiser – Yolo Solano Appraisal Blog. – Sacramento Appraisal Blog.

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Appraisal Real Estate Real Estate Agent Loan Conditions 222

Cleveland Appraisal Blog

FEBRUARY 11, 2022

The appraiser agrees to come in “low” They achieve this by using sales that do not reflect the market value of the property. Does the market value of a home change differ depending on whether the owners are going through a divorce or refinancing their home? The market value is what it is.

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Appraisal Market Value Clients Design 221

Simonson Real Estate

JULY 10, 2020

New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc. Value Scenarios. What is Market Value As Is and When is it Used? The estimate of the market value of real property in its current physical condition, use, and zoning as of the appraisal date.

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Appraisal Process Appraisal Market Value Tenants 148

Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Clarify What Value or Values are Needed.

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Appraisal Process Real Estate Appraisal Renovations 78

Appraisal Partners Blog

JANUARY 31, 2024

Whether you are purchasing a home, looking to refinance, considering a home improvement, settling an estate, or divorce, We’ll he­lp you determine your home’s fair market value. In this blog, we will tell you some benefits that will showcase the importance of residential property appraisal.

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Appraisal Property Appraisal Market Value Real Estate 78

D Fritz Appraisals

MARCH 16, 2021

The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. If you’re unsure about the difference between each, we have a helpful blog post on home inspections vs. home appraisals. This will help ensure a fair market value.

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Appraisal HOA Easement Valuation 129

Birmingham Appraisal

MAY 21, 2024

Condition and Age of the Property The age and condition of a home directly impact its market value. Renovations and updates can reduce these effects by increasing a home’s market appeal and extending its lifespan. It’s important to weigh the cost of these renovations against their potential return on investment.

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Home Value Architecture Renovations Real Estate 73

McKissock

OCTOBER 12, 2021

For many different reasons, properties can come on the market in less-than-par condition. At some point it’s no longer “normal market value minus cost to cure equals as-is value.” So is the right price to pay $150,000 (market value after renovations) – $90,000 (estimated cost to cure) = $60,000?

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Appraisal Market Value Investors Buyers 84

Appraisal Hub

MAY 5, 2024

In this blog, I aim to provide valuable insights and tips from an appraiser’s perspective, empowering real estate agents to navigate the appraisal process with confidence. We are tasked with determining the fair market value of a property based on various factors such as location, condition, and comparable sales.

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Real Estate Agent Real Estate Agents Appraisal Process 78

Birmingham Appraisal

JUNE 21, 2023

Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions. In this blog post, I’ll discuss key appraisal factors, and common challenges, and offer valuable insights for real estate agents to navigate the appraisal process effectively.

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Real Estate Agent Real Estate Agents Appraisal 82

Boston Appraisal

OCTOBER 15, 2024

When looking to invest in a property, particularly one that is run down and in need of renovation, there is always a need to define current and potential values.

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Property Appraisal Investing Appraisal Renovations 78

Boston Appraisal

OCTOBER 15, 2024

When looking to invest in a property, particularly one that is run down and in need of renovation, there is always a need to define current and potential values.

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Property Appraisal Investing Appraisal Renovations 78

Chicagoland Appraisal Blog

MAY 13, 2021

Like any other investment, you want to know its value with some reliable degree of accuracy. A home appraisal is an unbiased opinion of a home or property’s value. Real estate professionals or other appraisal experts can help you determine the market value of your home. The Value of a Home Appraisal. Home addition.

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Appraisal Renovations Home Value Real Estate 88

Birmingham Appraisal

JUNE 11, 2024

Example Benefits: A homeowner in Birmingham decided to get a marketing appraisal before listing her house. The owner had recently made some updates and renovations and wanted to make sure they got all of their money back from the investment. Cost does not always equal value.

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Appraisal Property Taxes Valuation Real Estate 86

Birmingham Appraisal

AUGUST 30, 2023

A Look at Why Your Home May Not Appraise for The Expected Value When it comes to selling or refinancing your home, one of the crucial steps is the appraisal process. Appraisals determine the market value of your property, which affects your ability to secure a loan or make a profitable sale.

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Appraisal Appraisal Process Renovations Market Value 85

Appraisal Today

MAY 17, 2024

NOTE: Please scroll down to read the other topics in this long blog post on Geographic Data and Comps, effect of renovation on value, very low foreclosures now, current real estate market, unusual homes, mortgage origination stats, etc. = = $99.5M Read on blog www.appraisaltoday.com/blog Posted by noon Friday.

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Tools Appraisal Renovations Design 64

Birmingham Appraisal

NOVEMBER 20, 2024

It’s been several weeks now since I’ve blogged and to be honest I’ve missed it. Blogging provides me a creative outlet to help educate the public on the appraisal process. If you had told me in 2010 that I would still be writing my appraisal blog 14 years later I would have said you were crazy, but here I am.

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Real Estate Appraisal Inspection Contracts 87

The Robert Weiler Company

SEPTEMBER 16, 2021

Explanation of potential risks you may face or negative aspects that may impact the market value of the commercial property. Most professional commercial real estate appraisers employ a mix of the following strategies: By cost : How much would it cost to build or significantly renovate the property?

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Real Estate Appraisal Property Appraisal Valuation 147

Padove Appraisal Service

JANUARY 14, 2018

Many people envision a list of improved items with predetermined relevancy, along with a specific dollar value assigned to each of those items. I will explain in this blog entry why that is not feasible, or reliable approach. These sales provide insight into actual market reactions. This is never an easy question.

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Home Improvement Appraisal Construction Renovations 78

Boston Appraisal

NOVEMBER 6, 2020

The home had been recently renovated and was in great condition. That accepted purchase price becomes the “market value” of the property. An appraisal measures that value range within the report. This lack of data can, unfortunately, slightly skew the true market value. He paid $475,000.

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Appraisal Market Value Sellers Real Estate 78

Birmingham Appraisal

NOVEMBER 14, 2023

Agents and appraisers are not that different in their desire to determine an accurate market value for a property. Therefore, when searching for comps, agents should factor in the impact of the local school system on property values. Today I thought I would share the search criteria I use and the reasons for each of them.

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Market Value Agents Appraisal Bracketing 92

The Robert Weiler Company

JULY 6, 2021

They have usually been constructed over 20 years ago and require renovation at this point. An investor can either put money in through value-add projects to update the building or seek residential and mixed-use conversion options. Class A properties sell themselves, and Class B and C’s can be renovated to cater to a target market.

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Logistics Tenants Real Estate Modernization 147

Appraisal Today

NOVEMBER 1, 2024

Let’s dive into appraising kitchens and how the room impacts market value. Functional Obsolescence and Price Point If a back corner kitchen or a galley kitchen does not align with current market preferences for homes of a similar age, it might be considered outdated and impact marketability. Worth reading.

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Appraisal Training Contracts Mortgage 83

Appraisal Today

APRIL 26, 2024

However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. Therefore, the final price may not reflect the market value of the property. Twitter: [link] posted by noon Friday 2.

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Appraisal Real Estate Real Estate Agent Contracts 77

Berkshire Hathaway

AUGUST 30, 2022

Are you looking for a move-in ready rental property or are you willing to consider a home that requires renovations? Besides the purchasing price, your budget should also include other costs such as renovations, structural and environmental assessments, downtime during transitions, legal fees, realty commissions, taxes, and contingencies.

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Buyers Legal Fees Real Estate Renovations 49

Birmingham Appraisal

AUGUST 23, 2022

Are you curious about the market value of your home? Extensive renovations to the home, especially to the kitchen and bathrooms, has a huge impact on the sale price. Most people only look at price per square foot, however, as you can see from our discussion there are many other factors that affect the market value of a home.

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Real Estate Agent Appraisal Real Estate Renovations 86

The Robert Weiler Company

MAY 18, 2022

The ROI is calculated by comparing the total cost of the investment (including the initial purchase price plus any other expenses) to its current value or sale price. Though, keep in mind that commercial real estate doesn’t always sell at market value. But you can estimate your ROI based on comparable property sales.

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Real Estate Tenants Retail Investing 148

Appraisal Today

JANUARY 19, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, and types of bias, Scams on black homes, unusual homes, mortgage origination stats, etc. In and of itself, it is not market value. Read on blog www.appraisaltoday.com/blog Posted by noon Friday. baths, 5,550 sq.ft.,

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Appraisal Contracts Real Estate Architecture 73

D Fritz Appraisals

SEPTEMBER 19, 2019

The following blog post explores why this is. A home or house appraisal is a third-party report written by a professional appraiser who visits the property and does market research to analyze how much the house is worth in today’s market. Limitations of Home Value Estimators. recent repairs or renovations.

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Home Value Appraisal Real Estate Agent Tools 78

AmeriMac

JUNE 30, 2024

In this blog, we’ll cover home appraisal key components, the process, factors influencing values, and tips for buyers and sellers. Home appraisals are done by licensed appraisers trained in valuing real estate properties. They provide an unbiased assessment of a property’s value.

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Appraisal Renovations Mortgage Inspection 36

Birmingham Appraisal

SEPTEMBER 3, 2024

Agents, eager to please their clients or secure a listing, may set the asking price too high, reflecting the seller’s emotional attachment rather than the property’s true market value. Why It’s a Problem: Overpricing can lead to the home sitting on the market for too long, becoming what we call a “ stale listing.”

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Appraisal Sellers Real Estate Market Value 52

AmeriMac

MAY 15, 2024

Appraisals play a significant role in determining the fair market value of a property and ensuring a successful relocation. In this blog, we will delve into the world of relocation appraisals and explore their importance in the relocation industry. Next, compile any records of recent home improvements or renovations.

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Appraisal Market Value Mortgage Appraisal Appraisal Process 36