Housing Wire

DECEMBER 5, 2024

In September, HUD announced updates to its manufactured housing construction and safety standards. It called these the most extensive updates of their kind in three decades as the department seeks to modernize the features of manufactured homes to drive demand.

Land Lease 411

Land Lease Renovations Modernization Design 411

Cleveland Appraisal Blog

DECEMBER 24, 2022

Are you planning on renovating your home? 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. However, you must be aware of your budget and timeline before committing to a kitchen renovation.

Renovations 308

Renovations Appraisal Home Improvement Buyers 308

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. As Vancouver Island’s home evaluation expert, D.

Renovations 123

Renovations Home Value Valuation Market Value 123

Raleigh Realty

APRIL 24, 2022

Sustainable Renovations for Every Room Whether you buy an older home or a new construction home, there are most likely modifications and renovations you can do to make your new house more eco-friendly. Let’s take a room-by-room look at potential eco-friendly modifications and renovations you can make to your home.

Renovations 144

Renovations Modernization Inspection Construction 144

Housing Wire

MARCH 28, 2022

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. To de-risk transactions, tailored add-ons are important. Andy Bodrog is Partnerships Director, Property at Cover Genius.

Real Estate 397

Real Estate Marketing Insurance Technology 397

Appraisal Buzz

SEPTEMBER 5, 2022

Whether you are an appraiser, tax assessor, sales agent, attorney, construction manager, architect or engineer, you are required to have a level of professional expertise, at the local level, that exceeds the average person that does not practice in the area of real estate. Appraisal Modernization. Progress in Revision Rates.

Appraisal 281

Appraisal Modernization Appraisal Process Technology 281

Housing Wire

FEBRUARY 8, 2022

Loans for second homes, investment properties, cash-out refinances, construction loans, multi-unit properties, renovation loans, condos, co-ops or manufactured homes are not eligible. Any loan application flagged as ineligible by Fannie Mae’s automated underwriting system will have to use a traditional appraisal.

Appraisal 370

Appraisal Appraisal Process Valuation Renovations 370

Lamacchia Realty

MAY 6, 2021

HOME RENOVATIONS IN 2021. As we begin to see the other side of the pandemic and throughout the past year, the home improvement and renovation industry is seeing an extremely high demand for tools, materials, and home improvement service providers. Cost of Materials. The cost for lumber is 3x higher than it was last March.

Renovations 68

Renovations Buyers Home Improvement Realty 68

Lamacchia Realty

MAY 20, 2022

HOME RENOVATIONS IN 2022. It’s well known that the world has seen a multitude of changes over the past few years, and the home renovations world is no different. From supply chain delays and stoppages to inflation, home renovation and even new construction projects are feeling the impact. Cost of Materials.

Renovations 69

Renovations Supply Chain Construction Modernization 69

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.

Renovations 69

Renovations Supply Chain Construction Home Improvement 69

Appraisal Buzz

JUNE 3, 2024

Many current sellers have begun a renovation but have run out of money prematurely as inflation has caused cost overruns and capital is less available to fund shortfalls. Do you seek to renovate a property to generate short-term gains, or would you like to purchase a stabilized property for long-term stability?

Investors 195

Investors Marketing Renovations Real Estate 195

Raleigh Realty

APRIL 19, 2022

Just like a garage or a carport, environmental home renovations help to improve home value. You might also want to ask local construction companies for their recommendations on where to find reused building supplies. Green construction materials can also help homeowners lower energy bills. Environmental Protection Agency.

Renovations 78

Renovations Construction Home Improvement Government 78

Raleigh Realty

JULY 12, 2022

If you’re considering a home renovation, you might be looking for some insight on what other homeowners are doing. That’s why we’re rounding out some top home renovation statistics so you know what to expect from your next home improvement project. The home improvement market is expected to grow by $20.4

Home Improvement 60

Home Improvement Renovations Construction Supply Chain 60

DW Slater Company

FEBRUARY 24, 2022

Appraisal Modernization- Many in the industry are trying to move the appraisal industry to modernize with the use of technology and data gathering services. Many believe that the use of different data gathering tools and sources will help modernize the appraisal process. Why would the GSEs want this product?

Inspection 154

Inspection Tools Appraisal Technology 154

The Robert Weiler Company

JULY 6, 2021

With the emergence of factories, production efficiency, and mass manufacturing, industrial space for rent became the backbone that supports today’s modern cities. Amazon is the iconic frontrunner when it comes to the future of modern distribution and smart warehouses. They include showrooms, laboratories, and office space.

Logistics 147

Logistics Tenants Real Estate Modernization 147

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

Cleveland Appraisal Blog

MARCH 4, 2021

So, while the cabinets may be in good shape, many homeowners will eventually replace the countertops, sink and appliances with a more modern look and improved functionality. Of course, a ten-year old kitchen is going to have some wear and tear from use. They may replace the flooring and lighting. The same is true with bathrooms.

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Appraisal Real Estate Real Estate Agent Loan Conditions 224

Appraisal Today

NOVEMBER 1, 2024

A homeowner may have invested heavily in a kitchen renovation, but it is the appraiser’s responsibility to carefully consider factors such as conformity, local market preferences, and house style and price range when valuing the subject property. To read more, Click Here My comments: This is the best analysis I have read on kitchens.

Appraisal 91

Appraisal Training Contracts Mortgage 91

Eppraisal

OCTOBER 20, 2023

Are you planning a home renovation to increase your property's value or preparing to sell your home in the future? Home renovations can be exciting and rewarding but can also come with their fair share of challenges. Plumbing Issues Plumbing issues can be a major headache during a renovation.

Renovations 36

Renovations Supply Chain Inspection Modernization 36

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

Boston Appraisal

NOVEMBER 9, 2023

Here are a few examples: Kitchen Renovations: Upgrading your kitchen can have a significant impact on appraisal values. Consider modernizing appliances, installing new countertops, or improving the layout. Bathroom Remodels: Renovating your bathroom is another home improvement that has an impact on an appraisal.

Home Improvement 78

Home Improvement Appraisal Renovations Real Estate 78

Chicagoland Appraisal Blog

APRIL 3, 2020

Chicago’s housing options include a wide diversity of architecture, styles, and sizes, including vintage condos, brand-new construction, and 7,000-square-foot homes. Last year was a tough market, and the only properties that were moving were the ones that were renovated,” she says. Replace bathroom vanities if needed.

Real Estate Agent 78

Real Estate Agent Architecture Modernization Buyers 78

McKissock

NOVEMBER 24, 2022

Renovation and Remodeling Appraisal Considerations When appraising proposed modifications, remodels, or renovations to a residential property, appraisers must decide the feasibility of the modification, if it adds any contributory value, if it extends the remaining economic life, or possibly improves the property’s marketability.

Appraisal 52

Appraisal Renovations Architecture Property Appraisal 52

DW Slater Company

FEBRUARY 24, 2022

Appraisal Modernization- Many in the industry are trying to move the appraisal industry to modernize with the use of technology and data gathering services. Many believe that the use of different data gathering tools and sources will help modernize the appraisal process. Why would the GSEs want this product?

Inspection 78

Inspection Tools Appraisal Technology 78

Lamacchia Realty

JULY 2, 2024

Consider Relocation When Renovation Relocating to a new home might be necessary, especially when dealing with the intricacies of a major renovation of your home. Flat Roofs: Modern and Functional Flat roofs are common in modern and commercial buildings, offering a sleek, contemporary look.

Renovations 51

Renovations Inspection Transportation Modernization 51

Property Metrics

MAY 28, 2021

In other words, a property could become functionally obsolete when its design, style, amenities, or technology no longer meet the needs and/or expectations of modern tenants. Modern tenants require high speed internet connections, strong cellular reception, advanced security features, and modern audio/video capabilities.

Real Estate 50

Real Estate Tenants Modernization Renovations 50

Zillow

JANUARY 31, 2019

Some home buyers want new, modern and move-in ready. Others prefer older homes, with character and charm they can't find in new construction. As a result, renovating and altering a historic home - particularly the building’s facade - will require a separate layer of approval and sometimes bureaucracy.

Architecture 36

Architecture Renovations Decorating Construction 36

Clear Capital

MARCH 4, 2022

The mortgage industry is on its way to modernizing the appraisal process. Additionally, if a cash-out refinance is occurring, the loan is for construction or renovation, and for multi-unit properties, condos, co-op, or manufactured homes, you cannot use a desktop appraisal.

Valuation 69

Valuation Appraisal Inspection Appraisal Process 69

Will Springer Realtor

OCTOBER 3, 2023

Cities and counties are not required to authorize the construction of an ADU where development is currently restricted under rules related to the proximity of an on-site sewage system, critical environmental areas or other unsuitable physical characteristics of a property like where there are landslide risks.

Law 66

Law Design Construction Government 66

Birmingham Appraisal

OCTOBER 9, 2024

Shag carpets, old kitchens, and bathrooms in need of a refresh can scare buyers away, particularly when the competition offers more modern options. Actionable Solution: Consider targeted updates that provide high returns, such as modernizing the kitchen and bathrooms.

Buyers 69

Buyers Appraisal Agents Sellers 69

Eppraisal

APRIL 26, 2024

That said, most old homes are rough around the edges and require renovation to be fully functional. An older house’s character can be attributed to its quality construction and expert craftsmanship. Create New Remodeling Projects After reviewing past renovation projects, it’s time to conduct your own.

Renovations 36

Renovations Decorating Modernization Home Improvement 36

PennyMac

OCTOBER 10, 2023

Home improvements and renovations. This can include anything from the central air system you installed 10 years ago to the kitchen flooring and countertops you just renovated (along with the new oven and fridge to match, of course). An appraiser will also evaluate your home's foundation and its condition.

Appraisal 69

Appraisal Real Estate Agent Renovations Home Value 69

Raleigh Realty

AUGUST 19, 2022

67 percent of millennial home buyers would put an offer on a home in need of a full or partial renovation. Although they want some modern upgrades, high-end appliances, and recessed lighting, they are also very interested in pre-war details, mid-century contemporary, and Mediterranean style. Mobile phone use reigns supreme.

Real Estate Agent 78

Real Estate Agent Real Estate Agents Buyers 78

GoForrmz

AUGUST 26, 2022

A Focus on Sustainability Modern college students have been found to put greater importance on the sustainability practices of their universities. One thing to keep in mind, especially as you do any construction or renovation to your dorm facilities, is outlet access and space.

Technology 78

Technology Renovations Modernization Contracts 78

Appraisal Today

APRIL 5, 2024

Upon arrival, you’re greeted by a lavish motor court leading to timeless modern architecture. With shifts in existing and pending home sales, new home sales, construction activity, and economic indicators such as inflation and mortgage rates, appraisers are navigating a complex landscape. built in 1825 Excerpts: 8 bedrooms, 5.5+

Appraisal 86

Appraisal Contracts Business Construction 86

Birmingham Appraisal

NOVEMBER 14, 2023

Older homes may have unique features or craftsmanship that adds to their value, while newer homes might have modern conveniences and energy-efficient technologies. In some neighborhoods, older homes may be highly sought after, while in others, newer constructions may be more desirable.

Market Value 94

Market Value Agents Appraisal Bracketing 94

AmeriMac

JUNE 15, 2024

The approach considers the value of the land, the current cost of construction, and depreciation. The depreciated building cost is calculated by subtracting the depreciation from the construction cost. The total property value is then determined by adding the depreciated building cost to the land value.

Property Appraisal 36

Property Appraisal Investing Appraisal Property Taxes 36