Cleveland Appraisal Blog

JUNE 25, 2021

What is the primary reason a newly built home has a higher market value than the same home that is older? Simply stated, it is loss in value. There are three basic causes of depreciation for homes. Physical depreciation is the most common cause of loss of value. In a word, depreciation.

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Market Value Appraisal Marketing Buyers 244

Lamacchia Realty

APRIL 17, 2024

Do Wood Floors Increase Home Value? If you’re thinking about selling your house, one upgrade that can increase your home’s resale value is hardwood flooring. Potential home buyers may be looking for that extra bit of charm that wood floors offer. appeared first on Lamacchia Realty.

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Eppraisal

MARCH 5, 2024

Home renovations can completely transform your living spaces, turning outdated rooms into modern, functional areas that reflect your style and meet your needs.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.

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Renovations Modernization Market Value Investing 36

Chicagoland Appraisal Blog

MAY 13, 2021

Real estate professionals or other appraisal experts can help you determine the market value of your home. This is helpful whether you intend to stay in your home or wish to sell it. Here, we’ll explore everything you need to know about home appraisals and how to maximize the value of your house. .

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Appraisal Renovations Home Value Real Estate 88

Eppraisal

JUNE 18, 2024

Last week we published a post on the type of renovations one needs to make before selling their 20-25 year old house. " Making your property look as modern as possible can potentially help attract more potential buyers and increase your home’s value. If they’re in high demand, renovations might be unnecessary.

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PennyMac

NOVEMBER 21, 2024

Home equity represents both what you've paid into your loan and any increase in your home's value. Home equity builds up over time, but thanks to your down payment, you’ll have some as soon as you close your home. Once you finish paying off your mortgage, your home equity will be 100%. How Does Equity Work?

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Renovations Home Value Market Value Mortgage 69

Town & Country Residential Appraisals

JANUARY 27, 2020

But to the original claim that fluffing decreases home values, lets explore how. Lets say we have a home that will need extensive renovation, and is beyond a “handy man’s” skills. What happens if we “Fluff” the property to a home with great “potential?” With binoculars. On an extremely clear day.

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D Fritz Appraisals

MARCH 16, 2021

Whether you’re selling, refinancing, dividing assets, settling an estate, or determining capital gains on an income property , it pays dividends to be prepared for your home appraisal. The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property.

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Realtor

JANUARY 23, 2018

Now these perfunctory valuations abound, underpinning tens of billions of dollars of home deals. home values by consulting Google Earth and real-estate websites. BPOs have been used to value collateral in the more than $20 billion of bonds sold by institutional landlords, such as Blackstone’s Invitation Homes Inc.,

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Appraisal Real Estate Agent Valuation Real Estate 78

Realtor

JANUARY 23, 2018

Now these perfunctory valuations abound, underpinning tens of billions of dollars of home deals. home values by consulting Google Earth and real-estate websites. BPOs have been used to value collateral in the more than $20 billion of bonds sold by institutional landlords, such as Blackstone’s Invitation Homes Inc.,

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Appraisal Real Estate Agent Valuation Real Estate 78

PennyMac

OCTOBER 10, 2023

For most loans, the lender obtains a signed and completed appraisal report that accurately reflects the market value, condition and marketability of the property. They must take into account all factors that influence a home’s value when developing the market value opinion in the appraisal report.

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Appraisal Real Estate Agent Renovations Home Value 69

East Coast Appraisal

FEBRUARY 28, 2022

If you plan to refinance or sell your home, you should first determine its fair market value. Then, property appraisals are an opportunity for an appraiser to check your home's quality, condition, amenities, location, and other special features that affect its value.

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Appraisal Renovations Home Value Construction 52

East Coast Appraisal

MARCH 16, 2023

A home appraisal is one of the best ways to determine a property's market value. Fortunately, you can take several steps to improve your home's appraisal. A higher appraisal value means you can sell your home for a higher price, which can result in a larger profit for you as the seller.

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Appraisal Renovations Home Value Inspection 52

Realtor

DECEMBER 15, 2016

To do a home appraisal, an appraiser considers these main criteria: location, structural condition, additions or renovations, and recent sales of comparable homes, or comparable sales. Real estate appraisers are merely there to give an unbiased opinion about the home value. What appraisers do.

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Appraisal Real Estate Agent Real Estate Mortgage 78

Realtor

DECEMBER 15, 2016

To do a home appraisal, an appraiser considers these main criteria: location, structural condition, additions or renovations, and recent sales of comparable homes, or comparable sales. Real estate appraisers are merely there to give an unbiased opinion about the home value. What appraisers do.

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Appraisal Real Estate Agent Real Estate Mortgage 78

Birmingham Appraisal

AUGUST 30, 2023

A Look at Why Your Home May Not Appraise for The Expected Value When it comes to selling or refinancing your home, one of the crucial steps is the appraisal process. Appraisals determine the market value of your property, which affects your ability to secure a loan or make a profitable sale.

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Appraisal Appraisal Process Renovations Market Value 85

Eppraisal

OCTOBER 31, 2023

Knowing how to price your home correctly isn’t rocket science, but it’s still tricky.    Property Valuation Your home value is the primary determiner of your asking price. Online Home Value Estimation Informal home appraisal tools can give you ballpark estimates of how much your property is worth.

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Marketing Real Estate Agent Real Estate Valuation 69

Lamacchia Realty

APRIL 10, 2024

How this can Decrease Value : Functionality and condition are two big factors when it comes to determining whether the shed or garage will add or take away value from the home. Renovation Projects How this can Increase Value : When it comes to renovation projects , there are two directions you can take.

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PennyMac

JANUARY 2, 2024

Do you know the return on investment (ROI) of your renovation project? Some renovations can make your home more valuable. If you’re investing in a home renovation in hopes of recouping that money when you sell, it’s important to research and plan ahead before you begin to ensure you’re spending your money wisely.

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Home Improvement Renovations Inspection Investing 36

D Fritz Appraisals

NOVEMBER 9, 2019

This borrowing of extra money is made possible only if you have enough equity on your first home built up – and that is precisely where a real estate property appraisal company comes in! Here are 5 things you should know about getting your home appraised to access your home equity.

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Property Appraisal Appraisal Real Estate Investing 78

Appraisal Today

APRIL 26, 2024

However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. Therefore, the final price may not reflect the market value of the property. built in 2000.

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Appraisal Real Estate Real Estate Agent Contracts 76

Round Rock Appraisal

MARCH 28, 2015

The actual layout of a home can play a pretty important part of market value. Would you be doing your own renovation over a period of time? Will your renovations bring the property up when it’s time for you to sell? Home values are affected by these situations. Property Taxes.

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Buyers Appraisal Renovations Property Taxes 36

PennyMac

JANUARY 13, 2025

Buying a home with a mortgage may come with a monthly payment, but it also gives you the chance to build equity. Equity is a financial resource you can tap into for various needs, including home renovations, debt consolidation or education funding, to name a few. How can you convert valuable home equity into usable cash?

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Home Improvement Renovations Home Value Mortgage 36

Zillow

OCTOBER 25, 2018

Median home value: $79,000. Dream of building your own home from the ground up? If you construct a single-family home within a specified time period, you’ll receive the lot of land it sits on for free. Median home value: $75,300. Median home value: $93,900. Median home value: $116,300.

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Home Value Construction Renovations Development 36

Eppraisal

NOVEMBER 19, 2024

As sustainability becomes a focal point in home design and renovation, homeowners are increasingly investing in green upgrades. These enhancements not only benefit the environment but also offer financial savings and improve property value. Look for windows with double or triple glazing and Low-E coatings for maximum efficiency.

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PennyMac

NOVEMBER 27, 2023

Building Equity Over Time As you make mortgage payments, you build equity in your home. Equity is the difference between the market value of your home and the amount you owe on your mortgage. The amount borrowed may even be tax deductible if the funds are used to renovate your home.*

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Market Value Tenants Renovations Insurance 36

Eppraisal

SEPTEMBER 8, 2023

While AVMs can be a useful tool for getting a ballpark estimate of a property's value, they have limitations and may not always provide a precise estimate of the property's true market value. "Consumer On the other side of the equation, real estate agents often use AVMs for lead generation.

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Cornerstone

AUGUST 17, 2021

More than 38 percent of homes that are owner-occupied are owned outright, the U.S. Each time home values increase, homeowners receive a dollar-for-dollar equity gain. Home Equity Report shows: “34.4 Home Equity Report shows: “34.4 Census confirms; these homeowners no longer have a mortgage.*

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Mortgage Renovations Loan Officers Home Value 46

Housing Wire

JULY 21, 2021

“The first house I rehabbed last year, it was a house that had fire damage in the kitchen, and it was just kind of an eyesore on a nice quiet street,” said McCormick, who said she purchased the home for $25,000 and then put $65,000 into renovations before selling to an owner-occupant buyer for $134,000. “It Low-Income-Tract Outcomes.

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Real Estate Investors Market Value Home Value 487

Listing Spark

MARCH 15, 2022

Potential buyers may think that you don’t take care of your property and this could lower the value of your home. The Appraisal Institute has warned that bad neighbors can lower home values by as much as 10%. Finally, it’s important to keep all of the systems in your home up-to-date.

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Appraisal Renovations Contracts Buyers 36

Listing Spark

JANUARY 5, 2025

Types of Homes Sold As-Is Homes sold as-is in Texas can vary widely in terms of their condition, age, and location. Some common types of homes that are often sold as-is include: Fixer-uppers : These homes require significant repairs and renovations to make them habitable.

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Inspection Sellers Real Estate Agent Contracts 36

D Fritz Appraisals

OCTOBER 11, 2022

Read on for more information about how a home appraiser determines the value of your property. What is a Home Appraisal and Why is it Important? A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property. Estate settlements.

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Appraisal Inspection Property Taxes Easement 107

Assurance Financial

APRIL 29, 2021

FMV (Fair Market Value). A home’s fair market value or FMV is the price it would sell for under normal conditions. FMV isn’t necessarily the sale price of a home, as other conditions can affect its final price. HELOC (Home Equity Line of Credit). A HELOC is similar to a credit card.

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