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WHAT TO KNOW ABOUT HOMERENOVATIONS IN 2023 In recent years, the world has undergone a multitude of changes, and the homerenovation 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.
Tanya holds several industry certifications, including the FHA Basics and Beyond Seminar Training from the U.S. Department of Housing and the VA Guaranteed Home Loans Training Certificate from the Department of Veterans Affairs-Houston Regional Loan Center.
How Home Appraisers Decide on the Value of Your Property. There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market.
But first, let’s quickly cover the basics of home appraisals. What Is a Home Appraisal and Why Is It Important? A home appraisal is an unbiased report on the value of your home performed by a trained and state-licensed individual. An appraiser will also evaluate your home's foundation and its condition.
Myth #5: Cost does not always equal value A myth that seems to get a lot of homeowners in trouble is believing that they will get a 100% return on the cost of their homeimprovement investment. Just because you’ve added $50,000 in landscaping does not mean that the value of your home will increase by $50,000.
Others use home equity loans for the purposes of homeimprovements. Renovations like a new kitchen or bathroom could absolutely improve the value of the home – thus essentially building even more equity in the long run.
Others use home equity loans for the purposes of homeimprovements. Renovations like a new kitchen or bathroom could absolutely improve the value of the home – thus essentially building even more equity in the long run.
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