Remove HOA Remove Property Taxes Remove Renovations
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Non-Mortgage Homeownership Costs Shock First-Time Buyers

Appraisal Buzz

While some homeowners prioritize their mortgage payments, those who are not financially prepared may face significant challenges due to other essential and frequent expenses such as homeowners insurance, property taxes, utilities, repairs, and maintenance. Census Bureau.

Buyers 335
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Guild announces new ‘Flex Payment Mortgage’ suite of reverse products

Housing Wire

The same obligations of a traditional HECM — namely, keeping up with property taxes, insurance maintenance and (if applicable) HOA fees — must be maintained to avoid foreclosure. Converting equity into available cash can be accomplished without impacting Social Security or Medicare benefits, the company said.

Mortgage 448
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Taking the leap: The benefits of buying vs. renting a home

Housing Wire

But be sure to consider how other recurring costs that may come with homeownership – such as homeowners insurance, property taxes and common charges like HOA fees – factor into your total monthly housing expense. Homeowners may also be eligible for tax deductions which renters may be unable to utilize.

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How to compete and win with your listing presentation (+ scripts)

Housing Wire

What renovations or updates have you made that you believe could add value to your home? While not every seller can afford professional staging, your recommendations can be invaluable in helping them prepare their property for sale. Conversely, some repairs, renovations or updates may not be worthwhile.

Sellers 435
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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Renovation loan assessments. Reviewing / appealing property tax assessment. Property division in separation / divorce. To determine capital gains on second or rental properties. Mortgage financing and refinancing. Estate settlements. Simple fixes – repair minor damage, paint over marks on walls etc.

Appraisal 110
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Understanding the Math of Profitable Investment Properties

Eppraisal

Analyzing Operating Expenses To accurately gauge the profitability of an investment property, it's essential to account for all operating expenses. These may include property taxes, insurance, maintenance and repairs, property management fees, and any homeowner association (HOA) dues.

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The Appraiser’s Guide to Evaluating Home Value Before You Buy

Birmingham Appraisal

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. Certain renovations, such as updated kitchens and bathrooms, can significantly increase a property’s market value.