Housing Wire

APRIL 27, 2023

The lawsuit claims further that the company “ignored permitting laws to avoid fees and increased taxes as well as to get renovated homes on the rental market as soon as possible.” Invitation Homes (IH) spent about $25,000 on renovations per home for its California SFR portfolio, pleadings in the lawsuit state.

Renovations 395

Renovations Investing Real Estate Marketing 395

Housing Wire

MARCH 28, 2022

With different laws across regions, various types of properties (i.e. With that said, with tight margins of around 5% , time is short, meaning human value creation (renovations big or small) are usually foregone in favor of an algorithmically determined window dictating when to buy or flip.

Real Estate 397

Real Estate Marketing Insurance Technology 397

Will Springer Realtor

OCTOBER 3, 2023

Many Washingtonians may be in for a surprise on the real estate front when new laws take effect county by county that will greatly expand the use of accessory dwelling units – or ADUs – on parcels of land once exclusive to single-family homes. Even our climate should benefit. For context, 43K homes were added in the state in 2021.)

Law 66

Law Design Construction Government 66

Assurance Financial

APRIL 18, 2022

After your purchase, you can renovate the property to make it suit your tastes and fit your needs. Depending on the extent and cost of your home improvement goals, you might need to take out a loan for renovations. A home renovation loan is most likely not going to be the same as your mortgage. Why Remodel Your Home?

Renovations 74

Renovations Construction Home Improvement Mortgage 74

Boston Appraisal

FEBRUARY 2, 2023

Everything from the number of bedrooms to the quality of the construction. This is because construction rules frequently require at least a 7-foot ceiling height for spaces to be considered usable and livable. A small, independent living area constructed on the same property as a single-family home is referred to as an accessory unit.

Inspection 78

Inspection Law Appraisal Real Estate Agent 78

Boston Appraisal

FEBRUARY 2, 2023

Everything from the number of bedrooms to the quality of the construction. This is because construction rules frequently require at least a 7-foot ceiling height for spaces to be considered usable and livable. A small, independent living area constructed on the same property as a single-family home is referred to as an accessory unit.

Inspection 78

Inspection Law Appraisal Real Estate Agent 78

McKissock

AUGUST 14, 2022

Need for New Construction. Those who can wait for construction may find the idea of building their own home the way they want quite attractive. Construction Workforce Concerns. Unfortunately, there is also a lack of workers in the construction industry. However, construction companies still need to make profits.

Inventory 68

Inventory Construction Real Estate Renovations 68

The Robert Weiler Company

JULY 6, 2021

They have usually been constructed over 20 years ago and require renovation at this point. Within a particular area, zoning ordinances dictate which industrial activities can occur and what kinds of properties can be constructed or operated. Lower-than-average vacancy rates are also a trait of Class B Industrials.

Logistics 147

Logistics Tenants Real Estate Modernization 147

Realvals

JUNE 18, 2023

Estate Taxes In some cases, local laws may require appraisals for estate tax purposes. As an executor of an estate, your responsibility is to manage and distribute assets according to the deceased’s will or state law. Renovating a Home If you are planning to renovate your home, getting an appraisal beforehand is a smart move.

Appraisal 145

Appraisal Property Taxes Real Estate Market Value 145

Dart Appraisal

APRIL 30, 2021

Engagement letters are traditionally used by certain professional service firms, particularly in finance, accounting, law, real estate appraisal, and consulting, to define the specifics of the business relationship, or in the case of an appraisal – the assignment expectations. Planned renovations? Are there existing improvements?

Contracts 69

Contracts Appraisal Tips Appraisal Clients 69

Eppraisal

MARCH 11, 2021

Given the changes in state laws and municipal ordinances, keeping abreast of the rules governing accessory dwelling units is becoming a full-time job. Acton ADU -- A subsidiary of Acton Construction, Acton ADU serves the San Francisco Bay area of California. that are getting in on this growing trend.

Renovations 36

Renovations Design Construction Home Value 36

Raleigh Realty

JULY 12, 2022

As supply chain issues cause construction material prices to soar, buyers are more likely to consider purchasing a resale home vs. a new construction home. 4,840 new apartments were constructed in Raleigh throughout 2021. As construction material prices continue to rise, costs of new builds and renovations also increase.

Real Estate 78

Real Estate Supply Chain Construction Home Value 78

Property Metrics

AUGUST 13, 2020

Legislative or regulatory risk refers to any change in regulations or law that can impact real estate owners or tenants. Even if changes to laws and regulations do not directly impact real estate, they may indirectly impact property investment through financing or business cash flows. Construction Risk. Location Risk.

Real Estate 53

Real Estate Tenants Investing Construction 53

Appraisal Today

APRIL 5, 2024

They alleged that the appraiser had taken into account their race in his valuation of their home in violation of the federal Fair Housing Act and other laws prohibiting discrimination. Regional Variability: The disparities in home sales and construction activity across different regions underscore the importance of localized market knowledge.

Appraisal 86

Appraisal Contracts Business Construction 86

Birmingham Appraisal

NOVEMBER 14, 2023

This is commonly known as the law of diminishing returns. In some neighborhoods, older homes may be highly sought after, while in others, newer constructions may be more desirable. When all else is equal with a property, those that are larger will sell for more.

Market Value 94

Market Value Agents Appraisal Bracketing 94

Patch of Land

JANUARY 22, 2020

Not to mention it’s the law! Renewal Construction: Where there is a bathroom there is water and if that water makes its way below tile flooring and showers, it can cause a lot of damage (and cost a lot of extra money)! Leo Lantz, Leo Lantz Construction: The project’s timelines to complete is grossly underestimated.

Construction 39

Construction Design Training Renovations 39

Zillow

SEPTEMBER 24, 2016

Potential seller disclosures range from knowledge of leaky windows to work done without the benefit of a permit, to information about a major construction or development project nearby. Disclosure laws vary from state to state, even down to the city and county level. How does a seller make a disclosure?

Real Estate 36

Real Estate Inspection Sellers Buyers 36

Housing Wire

FEBRUARY 5, 2025

As with distressed homeowners, you’ll need to be adept at showing genuine empathy while wielding your expert knowledge of probate laws. New developments and construction New developments often prefer to have one real estate agent represent every home in that community. The key to success in this niche?

Real Estate 312

Real Estate Real Estate Agent Architecture Clients 312

Appraisal Buzz

JULY 16, 2024

It would include an exception for new construction and substantial renovation or rehabilitation. The Biden Administration believes that a combination of both anti-price gouging policies and the construction of more affordable housing can effectively balance the needs of tenants. BLM is considering an additional 562.5

Landlords 435

Landlords Tenants Land Management Construction 435

The Robert Weiler Company

OCTOBER 21, 2022

Cost approach : Essentially, this technique equates the property value to the cost of constructing a replica. Replacement costs (a cost estimate to construct a building comparable to the building undergoing the appraisal, while using current prices, building standards, and materials). Recent comparable sales. Current market trends.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

Appraisal Today

JULY 29, 2022

The three-year renovation was completed in 2019, including a new roof, windows, landscaping, and updated plumbing, HVAC, and electrical. It also fails to provide specific guidance and examples of what is prohibited by law. With four bedrooms and 4.5 bathrooms, she says the home was built “to blend in with the surroundings.”.

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Will Springer Realtor

FEBRUARY 13, 2025

The projected slowdown could also reduce demand for new construction even though experts estimate our national housing shortage is about 4M units today. The researchers acknowledge that with such a steep housing shortage, the construction levels could be higher than their stark projections. Insert audible gasp here, perhaps?

Property Taxes 36

Property Taxes Design Buyers Market Value 36

Will Springer Realtor

MAY 12, 2021

Now, home builders would need to construct as many as 1.2 This was the fastest pace for combined single-family and multi-family construction since June 2006. >> NAHB reported an estimated 15% of all new-construction home sales in the U.S. That’s 52% higher than 2018, when Freddie first began looking at housing shortages.

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

MAY 9, 2023

Census data suggest that more than 2M additional homes will reach their “prime remodel” years through 2027 – a time when homes tend to undergo their first major kitchen and bath renovations. such renovations to these homes (between 20 and 39 years old), with about 200,000 of those projects running north of $25K each.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

AUGUST 11, 2023

Others are specializing in the design and construction of accessory dwelling units (ADUs) as detached backyard homes (also known as “ mother-in-laws ”). The national trend for new construction, however, is generally moving in the opposite direction. In the 1990s, one-third of new homes were smaller than 1800 sq.

Buyers 36

Buyers Development Construction New Listings 36

Housing Wire

JULY 20, 2022

Specifically, there is a high cost in constructing accessory dwelling units – or ADUs – which are secondary residences on a land parcel zoned for single-family housing. Homeowners constructing an ADU – whose total build costs run over $150,000, according to the report – use cash out refinances, home equity loans, and renovation loans.

Finance 397

Finance Landlords Legal Construction 397

Appraisal Buzz

SEPTEMBER 26, 2022

Building entire neighbors can encourage large-scale construction. Immigration policies can impact construction because the industry relies on them for labor. million migrant workers in construction. million migrant workers in construction. The construction of condominiums is at a record low.

Construction 195

Construction Supply Chain Buyers Retail 195

Cleveland Appraisal Blog

JULY 5, 2021

Our summer has a bit of a different feel than it did a couple of weeks ago, and Murphy’s Law is in full effect as we are also in the middle of a first-floor renovation, including a kitchen remodel, which my wife has reminded me for years that we were overdue for. So, this is how our kitchen looks right now.

Appraisal 221

Appraisal Real Estate Renovations Law 221

Housing Wire

DECEMBER 20, 2024

It is encouraging to see some uptick in apartment construction in some of our larger communities. Underlying issues Despite this progress, Dapice and others are frustrated by the lack of new construction especially starter homes in the state. Housing industry experts attribute this to the states restrictive zoning laws.

Law 434

Law Construction Inventory Development 434

Assurance Financial

APRIL 29, 2021

C to P (Construction to Permanent Loan). If you are building your home, you typically need to first take out a construction loan, not a traditional mortgage, to fund the cost of building the house. A construction loan is typically a short-term loan that only pays for the cost of building a house. DTI (Debt-to-Income).

Mortgage 74

Mortgage HOA Insurance Real Estate Agent 74

Appraisal Buzz

JULY 22, 2024

Department of Housing and Urban Development (HUD) has made $175 million in funding—the first of its kind—available for the purchase, construction, or renovation of permanent supportive housing. To read the full release and more information, click here.

Development 397

Development Construction Law Renovations 397

Housing Wire

APRIL 4, 2025

Citing concerns about renovation needs, associated costs and even ugliness, the U.S. Weaver Federal Building has been home to HUD since the General Services Administration (GSA) completed its construction in 1968, using brutalist architecture. according to a recent report from Bloomberg. The Robert C.

Renovations 364

Renovations Architecture Law Design 364

Will Springer Realtor

JULY 9, 2021

In calling for rezoning laws to accommodate this concept, Gladney identified five keys that communities should keep in mind when designing their 15-minute neighborhood: Think in terms of mixed-use development, such as a blend of housing, commercial usage and small-scale manufacturing. THE ROI OF HOME RENOVATION.

Buyers 36

Buyers Development Transportation Inventory 36

Housing Wire

MARCH 20, 2024

You’re investing more in building and renovating an affordable home than almost any other […] state in the country. million new housing units are under construction nationwide right now because of it. “Hundreds of first-time homebuyers [were] able to make a down payment. That’s how they work it out. A record 1.7

Realtors 459

Realtors Insurance Landlords Construction 459

Property Metrics

MARCH 13, 2025

When investing in commercial real estate, understanding property classes helps gauge a buildings quality, risk profile, and renovation potential. Class C : Older buildings in less desirable locations, often needing significant renovations. Local market nuances, renovations, and subjective assessments can all shift a propertys status.

Real Estate 36

Real Estate Investing Tenants Investors 36

Appraisal Buzz

OCTOBER 24, 2024

It would include an exception for new construction and substantial renovation or rehabilitation. But for nearly 30 years, California has imposed limits on those limits, via a law known as the Costa–Hawkins Rental Housing Act. Gavin Newsom signed a law limiting annual rent increases statewide to 5% plus inflation.

Landlords 392

Landlords Tenants Law Government 392

Housing Wire

MAY 23, 2024

Fudge has since joined law firm Taft as a partner and chair of public policy. “I The credit would be directed to “build or renovate affordable homes for homeownership, which would lead to the construction or preservation of over 400,000 starter homes.“ I mentioned before: I’m a practitioner.

Renovations 454

Renovations Investors Housing Market Law 454