Cleveland Appraisal Blog

DECEMBER 24, 2022

What to Expect When Undertaking These 4 Common Home Renovation Projects. When home improvement gives way to major renovations, the implications can be more impactful than you might realize. Familiarizing yourself with these renovations will give you a great start in mapping out your home improvement strategy.

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Padove Appraisal Service

JANUARY 14, 2018

I am often asked which home improvements “count” towards the appraised value of a house. Many people envision a list of improved items with predetermined relevancy, along with a specific dollar value assigned to each of those items. This is never an easy question. There are many items that comprise the totality of a house.

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Home Improvement Appraisal Construction Renovations 78

Housing Wire

JULY 6, 2023

The Leading Indicator of Remodeling Activity, or LIRA, a measure developed by Joint Center for Housing Studies at Harvard University , seems to support Mohan’s assessment, showing that year over year “expenditures for home improvements and maintenance will post a modest decline of 2.8% through the first quarter of 2024.”

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Inventory Renovations Real Estate Government 488

Cleveland Appraisal Blog

APRIL 29, 2021

The materials used in the construction and decoration of your home are also extremely important because they determine how structurally sound your property is, how it’s going to last over time, and how much maintenance it’s going to require. Again, there is not much you can do about construction materials. What Buyers Look For.

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Appraisal Investing Renovations Buyers 249

Boston Appraisal

NOVEMBER 9, 2023

The effect that home improvements have on an appraisal can vary depending on the type of improvement, the quality of the work, and the local real estate market. What are some common home improvements that can increase appraisal values? What are some common home improvements that can increase appraisal values?

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Home Improvement Appraisal Renovations Real Estate 78

Cleveland Appraisal Blog

DECEMBER 19, 2021

The situation meant that people were spending far more time in their Cleveland homes. If you want to move forward with home improvements during the pandemic, here are some options that can breathe new life into your house. Stagnant air can make any home feel stale. Begin with Air Quality.

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D Fritz Appraisals

SEPTEMBER 11, 2023

Major Home Renovations & Home Appraisals: What You Should Know Are you planning house renovations and want to know the best home improvement investments? Or maybe you are planning to sell your house and are wondering about renovations that increase home value the most. No need to install expensive hardwood.

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Renovations Home Value Valuation Market Value 122

Appraisal Buzz

SEPTEMBER 20, 2024

Tanya Ball, SVP, Regional Director, Home Loans, Bank of Oklahoma “ Tanya Ball enables her team to efficiently support first-time buyers achieve the American Dream. Sherri initiated and led a successful New York State Home Improvement Day, mobilizing hundreds of volunteers to enhance existing housing options for LMI individuals.

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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 scope of work includes the materials of construction as well as the changes that will be made to a house. Updates or Renovations?

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Renovations Appraisal Real Estate Agent Construction 88

PennyMac

JANUARY 2, 2024

A home upgrade that doesn’t fully pay for itself dollar-for-dollar in terms of increased home value may still boost your home’s overall market value, thereby increasing your equity. Take a look at these popular home improvement projects and their ROI values. Will You Stay — A Forever Home or Prepping for a Sale?

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Home Improvement Renovations Inspection Investing 36

Lamacchia Realty

MAY 6, 2021

City and town offices were ordered to shut down at the beginning of the pandemic causing delays for attorneys who need municipal certificates, mortgage companies were extremely backed up due to the low rates which caused a litany of refinancing applications, and extremely low inventory and high buyer demand flipped the market upside down.

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Lamacchia Realty

FEBRUARY 8, 2022

When buyers are in the process of finding their perfect home, they often realize that finding a home that checks all of the boxes, has a great layout, and is aesthetically pleasing is easier said than done, especially if you’re a first-time homebuyer on a budget. Buyer Resources. When in doubt, get your permits.

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Renovations Buyers Finance Home Improvement 74

Empire Appraisal Group

DECEMBER 28, 2022

Constructing an ADU could increase your property value while providing rental income or extra living space for a family member. As with any home improvement project, there’s no guarantee you’ll get your money back from an ADU when you’re ready to sell the home, Bishop says. Tempted to skip the permits?

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Law Legal Construction Property Taxes 78

Lamacchia Realty

MAY 23, 2023

WHAT TO KNOW ABOUT HOME RENOVATIONS IN 2023 In recent years, the world has undergone a multitude of changes, and the home renovation industry is no different. Factors such as supply chain disruptions, project delays, and increasing costs have greatly impacted both new construction and ongoing renovation projects.

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Appraisal Hub

OCTOBER 16, 2024

Knowing your home’s market value can help you make better decisions in several situations, such as: Planning renovations: A property appraisal can help you make improvements that align with local buyer preferences, increasing your home’s value. Appraisers also evaluate how easy it is to access the property.

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Property Appraisal Appraisal Renovations Market Value 78

Will Springer Realtor

MARCH 29, 2022

Green homes attempt to improve energy efficiency with minimal environmental impact through the design, construction, maintenance, operation, renovation and deconstruction of the building. It is this growing consumer interest that has contributed to an expansion of the sustainable single-family-home construction market.

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Houston Properties

MAY 6, 2020

We’ve gained experience as the #1 boutique real estate team in Houston, and have gathered data from our database of 30,000 buyers. We have over 150 pages of guides that contain best practices, expert tips, market insight, and recent data on what buyers are looking for. READ THE TOP 10 HOME STAGING TIPS FOR SELLING YOUR HOME FAST.

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Renovations Realtors Sellers Valuation 66

D Fritz Appraisals

AUGUST 19, 2020

Translating into energy savings, increased property value and a reduced carbon footprint, green homes are more sought-after than ever. Now a mainstream concept, eco-friendly homes provide incredible energy savings and contribute to lowered living costs and a positive impact on the environment.

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Renovations Home Improvement Technology Investing 78

Will Springer Realtor

APRIL 30, 2024

Homes equipped with this new tech spend 13% less time on the open market compared to their non-smart counterparts. Smart sellers are leveraging this advantage to attract buyers and expedite closings, with a typical home selling for up to 5% higher than homes without the technology.

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Assurance Financial

AUGUST 9, 2021

The USDA’s Rural Development program also offers grants to individuals who want to work on housing construction projects. Although the goal of the USDA loan program is to make homeownership more available to a wider swath of buyers, there are certain requirements people need to meet before they are eligible for the loans.

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Zillow

JUNE 10, 2019

In today's market, many buyers forego fixer-uppers for move-in ready homes. As a result, significant opportunities abound in prime locations as homes that need work linger on the market. In competitive markets, savvy consumers gravitate toward these homes that nobody else wants. Living in the home can change your mind.

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Quicken Loans

JULY 5, 2021

Using detailed rating and points systems, LEED certification gauges sustainable building design for new construction, commercial interiors, existing buildings, single-family homes and more. Green Building Council (USGBC) for energy efficient homes. Many home buyers are looking for eco-friendly home features.

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Design Real Estate Agent Construction Buyers 57

Assurance Financial

JULY 27, 2021

You can also get a loan to build your home. Construction Loan. Rather than the borrower receiving the loan all at once, the lender will pay out the money as the work on the home construction progresses. During the construction phase, the borrower will pay only the interest of the loan. Second Mortgage.

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Mortgage Government Construction Insurance 69

Hank Miller Team

JULY 12, 2023

Working at home became "a thing" and people spent a lot more time in and around their homes. Many leveraged those low rates and refinanced, taking money out and completing home improvements. Combine that with rent and daily expenses, it's no wonder the buyers on the edge fell off when rates jumped.

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Housing Market Marketing Buyers Sellers 40

Will Springer Realtor

NOVEMBER 1, 2022

Some builders are forgoing the amenity to help reduce overall costs – particularly for the construction of a chimney – but they usually offer to include fireplaces at a premium. Only 16% of buyers surveyed by the National Association of Home Builders said a fireplace was essential. Okay, I exaggerate!).

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Construction Renovations Buyers Realty 36

Will Springer Realtor

JANUARY 25, 2022

There is often anticipation when visiting a residence in search of a dream home. Buyers tend to use their eyes to first capture the excitement of exploring rooms and discovering their features. Instead of letting their eyes do all the work, buyers should take an all-senses approach when touring a home.

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Buyers Inspection Construction Training 36

Will Springer Realtor

APRIL 23, 2024

Many experts in the construction business suggest the Home Energy Rating System index is most relevant to today’s consumers, including home buyers and sellers. HERS has placed index scores on more than 1M homes on total energy efficiency. The lower the score, the lower the energy costs.

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Land Management Construction Development Design 36

Will Springer Realtor

DECEMBER 8, 2021

housing starts, when builders break ground and lay a foundation, are forecast to finish this year at 1.04M single-family homes, the first time since 2007 the figure will exceed a million. Amid rising land and construction costs, permits for single-family homes in King County slowed in the third quarter to 940, down 7.8%

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Sellers Marketing Supply Chain Construction 36

Houston Properties

MAY 24, 2021

We’ve gained experience as the #1 boutique real estate team and have gathered data from our database of 30,000 buyers. We created over 150 pages of guides containing best practices, expert tips, market insights, and recent data on what buyers are looking for. I recommend them to anyone looking to buy or sell a home in Houston.”.

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Realtors Sellers Valuation Renovations 36

Will Springer Realtor

APRIL 11, 2022

What does it mean to buyers? The impact is greatest on first-time buyers and lower-income households, which recently prompted housing advocates to urge the White House for further help on the issue of affordability. “The higher rates could also discourage investor activity, which accounts for a large portion of home sales today.”

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Construction Development Inventory Buyers 36

Houston Properties

JUNE 22, 2021

We’ve gained experience as the #1 boutique real estate team and have gathered data from our database of 30,000 buyers. We created over 150 pages of guides containing best practices, expert tips, market insights, and recent data on what buyers are looking for. Thus, homes with amazing visuals get sold faster by 32%.

Real Estate 36

Real Estate Realtors Sellers Valuation 36

PennyMac

OCTOBER 10, 2023

A finished basement or attic may impact a home's value, but these areas must meet specific requirements to be considered part of the Gross Living Area (GLA). An appraiser will also evaluate your home's foundation and its condition. Home improvements and renovations.

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Appraisal Real Estate Agent Renovations Home Value 69

Will Springer Realtor

JULY 25, 2023

Deck One main attraction for buyers in our post-pandemic world has been the enjoyment of more private outdoor spaces. Who doesn’t like a deck on their home to get away from it all? Who doesn’t like a deck on their home to get away from it all? If you’re “deckless in Seattle,” consider a wood addition to the back of the home.

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Renovations Investing Buyers Construction 36

Will Springer Realtor

MARCH 14, 2022

Most home buyers focus on the direction of interest rates. It’s very likely that these reductions are temporary, but since they’re happening as the spring home-buying season is kicking off, they provide a bit of a financial cushion for buyers – especially first-time buyers.”.

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Housing Market Marketing Real Estate Supply Chain 36

Appraisal Today

OCTOBER 20, 2023

NOTE: Please scroll down to read the other topics in this long blog post Modular Homes Data Plates, ADU income, Pickleball courts and other interesting home improvements, , unusual homes, mortgage origination and more! The Unique Mountain House in Nevada City, CA listed for $3.3

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PennyMac

JULY 21, 2021

When evaluating potential yard renovation ideas, it is important to consider not just what you want to add, but how those features will be used — by both your family and future potential buyers. Justin Krzyston is President and Chief Executive Officer of Stonehurst Construction and Design, Inc.

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Renovations Real Estate Investing Design 36

Will Springer Realtor

NOVEMBER 29, 2022

Failing to account for construction costs (see below). Not reporting home upgrades to the insurer – Forgetting to tell the insurer about the new garage door for a home is one thing but not mentioning that the garage was converted into a fully finished room is another.

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Insurance Construction Finance Home Improvement 36