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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.
That 1% growth projection is below the 1.65% rate expected by Wall Street analysts, and comes on the back of a fairly disappointing 2024, in which elevated mortgage rates , inflation and high home prices led to fewer home-improvement projects despite record levels of home equity. Decker noted that comparable sales grew 0.8%
HW: Can you talk a bit about how equity can be a proactive financing tool? JS: Home equity can be strategically used to manage financial challenges, debt consolidation, homeimprovement, and health care costs, particularly for aging homeowners. Truthfully, the biggest opportunity for them is returning to past customers.
We’ll also share best practices for developing and sending real estate newsletters and recommend some essential tools to make your email marketing stand out. Market Leaders advanced newsletter automation tool can help. In this article, weve compiled 49 compelling real estate newsletter ideas and subject lines. Lets dive in!
As mortgage rates continue to be volatile, our rate sale helps provide relief to customers who entered the housing market when rates were elevated, or help address an immediate cash need, such as for debt consolidation, funding retirement, homeimprovement, paying off credit cards, etc.,
Real estate technology firm Rechat announced a strategic partnership on Monday with Peerage Realty Partners that aims to expand tech tool and service offerings for Peerage agents and brokers. ” Rechat will offer its suite of tools and services to all Peerage Realty brokerages. . and Canada.
The platform provides tools for both landlords and renters, which the company said is designed to automate and streamline the management process. “As Working alongside NAR opens the door to many collaborative initiatives, including positioning RentRedi as the go-to property management tool for real estate agents and their clients.”
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. Click Here
announced today the launch of Finance of America HomeImprovement , a new business division offering non-mortgage financing options, including renovation loans. Finance of America’s new division offers the “Benji” portal, which gives contractors tools to expand their business.
That is money they’ve earned and saved, and we want to make it as easy as possible to access that for homeimprovements, debt consolidation, or whatever else they may want to use it for.”. “The average American has more than 70% of their net worth tied up in the equity of their house,” said William Schoeffler, CEO and founder of Hitch.
“The demand for inconspicuous safety bars, lower sinks, residential elevators and other amenities has given homeimprovement chains, contractors, designers and architects a noticeable lift.” The Home Depot is refreshing an in-house brand with accessibility in mind for things like grab bars and easier-to-use faucets.
Through proper communication around refinancing options available to borrowers and by outlining differentiated interest rates and opportunities for cash-out refinancing, home equity can be used as a tool to help homeowners leverage their home as a financial asset. Use home equity to raise home value.
Customer Retention: When we think of new loans, this comes in a few forms in the current market: the last of the rate/term refis before rates rise, cash-out refis for both homeimprovement and debt consolidation, and, of course, new purchase loans. More on purchases and cash-out refis in the Engagement section below.
Mortgage servicers must use all the tools at their disposal to expand borrower relationships and keep their borrowers in their overall portfolio. Servicing retention generates servicing fee income and helps servicers improve the customer experience. For example, FICS offers its own mortgage servicing software, Mortgage Servicer.
DP: While the upcoming generation of retirees are likely to enjoy a retirement period of close to 30 years, a reverse mortgage can be a strategic tool for funding the retirement lifestyle they’ve always dreamed of. HW: What are some challenges lenders may face as they introduce reverse mortgage products?
He originally wrote an article for the Cleveland Appraisal Blog, back in July, entitled “4 Home Repairs You Need to Hand Over to a Professional” I hope you find his new article to be helpful! High-Impact Home Upgrades for Any Budget. Making a few upgrades around the home can be surprisingly affordable!
487 LiveEasy 1,204% 2013 Real estate software company changing the way people manage their move and their homes. 497 BOSSCAT 1,175% 2018 Digitizing home inspection data to create instant repair estimates for homeowners and real estate professionals. Other established names to make the Inc. 4,105 FirstCloseFirstclose. Source: Inc.
What we’ve evolved to is a model where we provide customers with the tools and expert guidance they need to help enable them to make better financial decisions. This means making myself available to impart wisdom and counsel and helping to ensure that they have access to the tools and resources to facilitate their professional development.
For those who want a quick facelift without all the power tools, your local hardware store will also likely carry adhesive tiles that stick directly onto the wall! Whether you’re sprucing up your house , or prepping your home for sale, these projects can be done by anyone on a weekend! Rethink Your Storage. Additional Resources.
What Tools Do You Use to Support Your Appraisal Adjustments? By McKissock As part of our monthly survey series, we asked our community of real estate appraisers, “What tool(s) do you use to support your appraisal adjustments?” Popular tools include Synapse by Spark, Solomon Adjustment Calculator, and Redstone by Bradford Technologies.
Check out these five ways digital forms will improve your remote team’s collaboration or check out these five ways to improve your remote team’s productivity. For further information, check out these top tools for working from home. Improve Your Remote Team’s Collaboration.
If your colleague, family member, or friend is purchasing and flipping a property, they’re probably dropping more money on homeimprovements than most people spend on Black Friday. You can find almost anything on Amazon from cabinets, tiles, and wallpaper to power tools, smoke detectors, and so much more.
Water damage in homes can be a major problem for homeowners. Fortunately, new technologies are changing how experts deal with removing water and drying out homes. Today, they use special tools to find moisture hidden inside walls and floors. Computerized systems help the experts plan and manage the whole water removal process.
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%
If your colleague, family member, or friend is purchasing and flipping a property, they’re probably dropping more money on homeimprovements than most people spend on Black Friday. You can find almost anything on Amazon from cabinets, tiles, and wallpaper to power tools, smoke detectors, and so much more.
Sherri initiated and led a successful New York State HomeImprovement Day, mobilizing hundreds of volunteers to enhance existing housing options for LMI individuals. Our Creditsmart resources are not just about getting people in the door, but also supporting them on their journey beyond their home purchase.
Renovations, which involve substantial homeimprovements, generally aren’t covered by standard insurance. Improvising with incorrect materials and tools To save time or money on a project, you might try improvising tools or materials. Take inventory of the tools you already own.
Taking on minor repairs around your home can save you money, give you a sense of accomplishment and even be a fun way to spend your weekend. You can tackle these common home repairs yourself with a few tools and some guidance. Here are five common home repairs you can confidently tackle on your own.
Essential Tools Every Homeowner Should Have From simple repairs to more complex projects, having the right tools on hand can save time, money and stress. Here’s a list of essential tools that can help you tackle many home maintenance tasks. Always err on the side of safety.
3 Have the Tools Ready to Fight Have an easily accessible bucket, shovel (to dig a trench to protect against encroaching ground fire), and connected garden hose to help you defend the area around your home. #4 Mesh costs just a few dollars from hardware or homeimprovement stores. #13
Between investors’ personal success stories and homeimprovement… When done well, real estate can be one of the most secure investments available. Buying an investment property is an exciting prospect.
However, there are other storage solutions to help ease your anxiety of where the kid’s sports equipment or your gardening tools are going to stay. Let’s not forget the old saying, “A place for everything and everything in its place” Storage solutions for a home without a garage: 1. Proper use of a shed is key.
Online Home Value Estimation Informal home appraisal tools can give you ballpark estimates of how much your property is worth. HomeImprovements Strategically enhancing your house’s look or function can increase its value. Pay attention to rental inventory, too.
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.
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.
For example, real estate appraisal photos must be clear, correctly labeled, and show any homeimprovements or blemishes. Recently, Clear Capital launched ClearPhoto , an appraisal photo review tool available to underwriters and reviewers through ClearCollateral® Review — Our automated collateral underwriting review system.
However, there are other storage solutions to help ease the anxiety of where the kid’s sports equipment or gardening tools are going to stay. Home Storage Hack #1: Use a Shed This option is one of the more common to choose when living without a garage. You can find sheds of different sizes and price points. Proper use of a shed is key.
But as technology advances and standards evolve, the mortgage industry requires a more versatile tool. This redesign addresses current inefficiencies, meeting the rising demand for improved reports, as well as enhancing the experience for both appraisers and report readers. Why the Change? More lenders in the news vs.
Some of the best ways to maximize space in a home include: Remove objects such as tools, toys, books, or magazines from all countertops, tables, or desks. Getting rid of unnecessary items and decreasing clutter is a great way to increase buyer appeal. Organize all closets, cabinets, pantries, and bookshelves.
For example, “Do you have DIY-loving customers who want to build a patio for their new home? Check out your favorite gardening, interior design or homeimprovement sites and forward any information that would appeal to their interests.”. Doug Breaker , CEO of HomeFinder.com , suggests appealing to their interests.
Home equity is the difference between the current value of your home and the amount you still owe on your mortgage. But while that’s the simple definition, it actually means a lot more — it’s an important financial tool. Home equity represents both what you've paid into your loan and any increase in your home's value.
How to Sell Your Home With Online Tools in Less Time Modern buyers aren’t finding their next home by driving around to seek open houses or acquiring a house from a family friend. Today, at least 52% of buyers find their future home online—so that’s precisely where sellers need to be.
Property lines show you the exact boundaries of your property, which can be useful if you’re planning on doing any type of construction or other homeimprovement-related project. A lot of people don’t realize that Google Maps – the popular online GPS tool – is one way to accomplish precisely that.
Doing that will elevate the look and the feel of your home. These homeimprovement ideas are some inexpensive solutions for boosting the curb appeal of any home. . If your yard looks neglected, you will not be able to boost the curb appeal of your South Florida home. Do a Lot of Landscaping.
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