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Being able to provide data-driven homeimprovement recommendations can help agents build credibility with potential clients, sell homes faster and for more money, and ultimately win more listings. This is because hardwood floors have a certain modern, luxury appeal to them that can change the entire feel of a home.
According to the Improving America’s Housing 2025 report , the strength of the remodeling industry has long been supported by the aging of both homes and households, as well as high property values. The average homeowner spent almost $4,700 on improvements that year.
Furthermore, servicers can leverage these relationships to approach consumers with value-added services including asset protection, insurance products, homeimprovement loans, and maintenance options. Effective loan servicing positions servicers as reliable advisors for the homeowner.
In the past year, there’s been an upturn in homeimprovement projects. According to a survey completed by Bid-On-Equipment, 89% of American homeowners made some sort of improvement to their homes during the pandemic. With so many American’s spending time at home, this really shouldn’t come as a surprise.
The transition from originator to servicer is too often a consumer experience hiccup, and must be a primary focus of servicing modernization. Consumer-first servicing modernization isn’t just a catchphrase, it’s a mandate we all must follow in a consumer-led era. Cut 18 Days Off The Originations-to-Servicing Transition.
Evergreen topics might include: how to prepare to list your house, everything your client needs to know about VA loans; or which homeimprovements yield the best financial return in a home sale. Youll want some evergreen content you can pull from for your real estate newsletters.
Maintaining MSRs generates servicing fee income and helps servicers improve the customer experience. It’s easy to see why more institutions are choosing to service their loans and why modern servicing software is currently in high demand. Why should lenders retain servicing?
Servicing retention generates servicing fee income and helps servicers improve the customer experience. Modern software automates investor reporting and compliance and creates a more efficient workflow, allowing servicers to effectively service loans in-house.
Servicers can use real-time borrower data to offer money-saving refinances, homeimprovement loans, and new home search options to keep borrowers off real estate portals that lure customers away.
High-Impact Home Upgrades for Any Budget. You don’t need a bottomless homeimprovement budget to transform your home into the property of your dreams. Making a few upgrades around the home can be surprisingly affordable! Photo via Pexels.
The effect that homeimprovements 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 homeimprovements that can increase appraisal values? What are some common homeimprovements that can increase appraisal values?
That’s partly why people are spending significant time, energy and money on home renovation projects these days. It’s no secret that homeimprovements can be a costly endeavor. If you’re looking to increase the value of your home or prepare it for resale, certain renovations may take its appeal to the next level.
What to Expect When Undertaking These 4 Common Home Renovation Projects. When homeimprovement 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 homeimprovement strategy.
While personal enjoyment is undoubtedly a priority, the return on investment (ROI) becomes a crucial factor, especially for those considering selling their homes in the future. Here, we delve into the top five homeimprovements that not only elevate your living experience but also promise substantial returns when it's time to sell.
Reading Time: 2 minutes Looking to make smart investments in your home that will pay off in the long run? Here are five key areas where your money can work harder for you, modernizing your living space, reducing costs, and attracting future buyers down the line.
That’s why we’re rounding out some top home renovation statistics so you know what to expect from your next homeimprovement project. We’re covering homeimprovement, renovation, and remodeling topics so you’ve got all the information you need for your next project. billion between 2021 and 2022.
The situation meant that people were spending far more time in their Cleveland homes. If you want to move forward with homeimprovements during the pandemic, here are some options that can breathe new life into your house. Stagnant air can make any home feel stale. Many modernhomes feature open floor plans.
One of the most effective strategies for increasing a home's appeal and ultimately its price tag is through smart remodeling. As we head into 2025, several key trends are emerging that will impact home value and attract buyers seeking modern and desirable features.
Homeimprovements matter in real estate listings because they enhance your property’s value and attractiveness. Making strategic upgrades is essential because it helps your home stand out, making it more appealing to potential buyers. These Homes with strategic improvements tend to sell more quickly.
Major Home Renovations & Home Appraisals: What You Should Know Are you planning house renovations and want to know the best homeimprovement investments? Or maybe you are planning to sell your house and are wondering about renovations that increase home value the most.
Think of the new URAR like upgrading from a basic flip phone to a modern smartphone. Built in 1914, the Cape Cod mansion has been thoughtfully modernized over the years to retain its historic integrity. GSEs Update Appraisal Market Area Requirements Mortgage applications decreased 10.8 The whole interior views to the water,” she said.
If the home’s hub features small-tile countertops, drop ceilings or fluorescent lighting, it’s time for a new look. Simply put, a modern kitchen is critical to getting top dollar in today’s real estate market. The potential to make bespoke improvements to the home is vast.
Reading Time: 2 minutes Looking to make smart improvements in your home that will pay off in the long run? Here are five key areas where your money can work harder for you, modernizing your living space, reducing costs, and attracting future buyers down the line. These improvements often yield returns of 93.2%
As the saying goes, “the kitchen is the heart of your home.” When selling a home though, most real estate professionals will vouch that — as far as homeimprovements are concerned — kitchen renovations are worthy investments that will likely increase your resale value. In a recent video from realtor.com®
House flipping isn’t just an opportunity for big real estate companies or homeimprovement television channels—it’s becoming a reliable source of income for Americans running a solo business or small real estate investment venture. of US home sales in 2017, that number grew to 8.4%
This panoply of modern day outhouses appeared en masse over the last couple of years. Have you noticed that there now seems to be a porta potty on every block? It’s a proliferation of porta potties! One might be tempted to call it a pandemic of bottomless proportions. Of course, their appearance is the hallmark […].
In a traditional appraisal, an appraiser goes to a home and does a thorough walk-through, recording details like square footage, acreage, number of bedrooms and bathrooms, homeimprovements, and additions. But the hybrid appraisal really took off when the COVID-19 pandemic struck in 2020.
In other words, if your seller’s entire home needs an update, it may be better not to renovate at all than to pick certain areas of the home to restore, like updating the roof and outside paint while leaving a worn interior. Dotoli also adds that it’s unnecessary for sellers with older homes to try to compete with new, modern builds.
These easy and low-cost changes can give an out-of-the-box and modern look to your room. Planning carefully, communicating effectively with contractors and suppliers, and being flexible in decision-making can help you confidently take on your home project and embrace the exciting homeimprovements ahead!
As we begin to see the other side of the pandemic and throughout the past year, the homeimprovement and renovation industry is seeing an extremely high demand for tools, materials, and homeimprovement service providers. These give an out-of-the-box and modern look to your room. Want a change from solid paint?
Depending on the extent and cost of your homeimprovement 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. Learn more about loan options for remodeling your home to see which one will work for you. FHA 203(k) Loan. Refinance Loan.
Additionally, platforms like YouTube host a vast array of instructional videos, covering everything from basic home repairs to advanced renovation projects. HomeImprovement Blogs: Insights from the Experts Homeimprovement blogs have emerged as invaluable resources for homeowners seeking expert advice and insights.
They can lead to more efficient homes, lower utility bills, and a greener environmental outlook. Just like a garage or a carport, environmental home renovations help to improvehome value. Consider the following eco-friendly homeimprovements if you’re looking to maximize the value of your current, or future, property.
In 2022, the average American consumer spent $1,570 on home maintenance — a $600 increase from the previous year. By doing the repairs yourself, you can save a substantial amount of money, which you can use for homeimprovements. Here are five common home repairs you can confidently tackle on your own.
In this blog post, I’ll discuss 15 reasons your home may not appraise for the value you anticipated, and I’ll share valuable tips for homeowners to help your home appraise for top dollar. Outdated Features and Finishes: Homes with outdated features and finishes can struggle to meet the expected appraisal value.
Landscaping How this can Increase Value : A well-landscaped yard adds a great deal to a home’s curb appeal. This is one of the few homeimprovements that can increase the value as the years pass. First, you can update one of the main living spaces so it’s more modern and functional , such as a kitchen or bathroom.
People can use the loans to buy, build or rehab a qualifying home. HomeImprovement Loans and Grants. The USDA loan program also includes loans and grants that help homeowners modernize, improve or repair their homes and grants that help older homeowners pay to remove safety and health hazards from their homes.
Plus, the elements of an older home can be quite an attractive factor for future homebuyers. You can still conduct several homeimprovement projects while keeping those elements if you play your cards right. Preserve them throughout the homeimprovement process. Repairs can be honorable, but some do too much.
Home renovations can completely transform your living spaces, turning outdated rooms into modern, functional areas that reflect your style and meet your needs. Whether a complete kitchen remodel, a bathroom update or adding a fresh coat of paint, each project can breathe new life into your home.
Replacing one after its 20-or-so-year lifespan will run about $1000-$1500 and tends to deliver a high return on investment because of its modernity and visual appeal. Many people don’t think of insulation as a home-improvement project but like everything else the materials will break down over time.
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. These features are becoming standard additions to modernhomes, offering convenience and functionality.
Homes in good neighborhoods with busy markets usually have higher values. The condition of the home matters too. Houses that are well-kept and have modern updates often get higher appraisal numbers. Recently sold similar homes, often called “comps,” also give helpful information about market trends.
Here are a few factors to consider and tips, courtesy of energy.gov : Hardwire/Plug-in: While many charging stations need to be hardwired and cannot be moved, some modern models plug into the wall for additional portability. There are many types and brands of EV chargers on the market.
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