Housing Wire

JULY 24, 2024

But sometimes the cost of renovations can exceed the amount of cash that a retiree has access to, particularly for the majority of older Americans living on fixed incomes and relying on benefit programs like Social Security. More drastic renovations can double or even triple that figure.

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Renovations Home Improvement Retail Design 476

Housing Wire

JULY 1, 2021

We all love the feeling of a refreshed, renovated home, and being able to enjoy it instills a sense of pride in its owner. That’s partly why people are spending significant time, energy and money on home renovation projects these days. Despite this, there are some renovations that are worth their price tags.

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Renovations Valuation Appraisal Investing 448

Housing Wire

MAY 10, 2021

announced today the launch of Finance of America Home Improvement , a new business division offering non-mortgage financing options, including renovation loans. Per a study from Harvard University’s Joint Center for Housing Studies, renovation financing is expected to increase 3.3% billion in renovation loans — compared to $51.6

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Renovations Finance Home Improvement Lending 397

Housing Wire

JANUARY 23, 2024

Fifty-five percent of surveyed baby boomers plan to remain in their existing homes as they age, but less than a quarter of those surveyed have any plans to renovate their homes to more safely and easily accommodate natural changes that come with aging.

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Renovations Home Improvement Inventory Housing Market 523

Housing Wire

FEBRUARY 25, 2025

Choosing the right hard money lender for your investment project can be challenging. With nearly three decades of experience in real estate and investing, Ive worked with hard money lenders to secure financing for everything from simple fix-and-flip projects to multi-million-dollar apartment building rehabs.

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Renovations Real Estate Investors Investing 366

Housing Wire

JUNE 8, 2021

In 2020 it acquired equipment finance lender Ascentium Capital and a year prior picked up institutional investment firm Highland Associates. “We Per a study from Harvard University’s Joint Center for Housing Studies, renovation financing is expected to increase 3.3% in 2021 to $433 billion. billion in volume in 2020.

Renovations 447

Renovations Home Improvement Marketing Finance 447

Housing Wire

JANUARY 22, 2025

Evernest already offers services including brokerage , maintenance, renovation, insurance and lending. The $15 million investment announced Wednesday from private equity firm LL Funds will help Evernest build a home services platform focused on rental property owners. . This isn’t the only recent acquisition for Evernest.

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Property Management Local Properties Renovations Investing 394

Housing Wire

DECEMBER 17, 2024

The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology. PACE loans which are often used to finance environmentally minded renovations, like the addition of solar panels have led to financial instability for some borrowers.

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Mortgage Renovations Finance Property Taxes 396

Housing Wire

NOVEMBER 23, 2021

The Neighborhood Homes Investment Act (Neighborhood Homes) would begin addressing these challenges by developing or renovating 125,000 affordable homes in economically distressed communities. This cost gap all-too-often prevents the renovation of affordable houses that need a great deal of work.

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Investing Renovations Construction Development 476

Cleveland Appraisal Blog

MAY 17, 2024

Many homeowners have decided not to sell their homes but to renovate them instead. Planning for a Home Renovation: A Guide When it comes time to renovate your home, there are a few things you should know. This post from Aspen Appraisal Services will provide all of the information you need to start planning your home renovation.

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Renovations Appraisal Logistics Decorating 323

Housing Wire

MARCH 6, 2025

More inventory for boots-on-the-ground buyers Richards started investing in real estate in 2004 and discovered distressed property auctions in late 2019. These are full renos, meaning tear the bathroom out, tear the kitchen out, new bathroom, new kitchen, he said of his approach to renovation. Click Here

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Sellers Inventory Landlords Renovations 330

Appraisal Buzz

NOVEMBER 15, 2024

Instead of dealing with the difficulties of purchasing in a competitive market, many homeowners are choosing to invest in their existing homes. Forty-three percent of people who are remodeling or intend to renovate their homes are doing so in order to raise their home’s equity.

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Renovations Lending Investing Home Improvement 370

Housing Wire

FEBRUARY 8, 2022

In 2021, McCormick resold two renovated properties that she originally purchased at foreclosure sale on Auction.com in her hometown of Dayton, Ohio. Some of those areas I’m investing in, and they’re starting to turn again so that’s exciting to see.”. Both properties sold to owner-occupant buyers for under $150,000 apiece. “I

Renovations 370

Renovations Buyers Development Design 370

Housing Wire

DECEMBER 9, 2024

The grant funds will be primarily deployed to bolster infrastructure, construction or renovation of community buildings, housing rehabilitation, land acquisition and economic development for the American Indian and Alaska Native populations.

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Development Design Renovations Law 370

Housing Wire

FEBRUARY 13, 2024

Boston-based fintech company Hometap has deployed more than $1 billion in home equity investment (HEI) products since its launch in 2017, the company announced on Tuesday. And it boasts a home renovation calculator and home service offerings from Hometap’s partner network.

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Investing Renovations Tools Real Estate 422

Housing Wire

JULY 22, 2024

This new funding is a focused investment in housing for people experiencing homelessness, particularly given the increased number of Americans sleeping on our streets.” “Simply put, we need to build more housing and we need to repair the housing we have,” HUD acting secretary Adrianne Todman said in a statement.

Construction 470

Construction Renovations Design Development 470

Appraisal Buzz

FEBRUARY 13, 2025

However, some buyers need balanceleveraging AI as a helpful tool, while maintaining the human touch to guide and reassure buyers through lifes biggest investments. The survey also found that 27% of respondents used AI to visualize potential renovations or changes to a home. Today, most home shoppers begin their home search online.

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Tools Buyers Renovations Technology 425

Housing Wire

JULY 8, 2024

We are pleased to partner with Shawn and the Archwest team to deliver dynamic financing solutions to home builders , renovators and landlords who are expanding and improving the critically undersupplied U.S. The firm is also a major investor in Hometap , one of the larger players in the home equity investment space.

Investing 435

Investing Legal Lending Landlords 435

Appraisal Buzz

MAY 20, 2021

The post More Millennials Investing in Home Renovations appeared first on theMReport.com. The post More Millennials Investing in Home Renovations appeared first on Appraisal Buzz. Low inventory and tight supply have forced many into home purchases requiring more work than initially anticipated.

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Renovations Investing Inventory Appraisal 195

Appraisal Buzz

FEBRUARY 6, 2025

Even middle-aged couples often welcome their aging parents into their homes and must renovate their space to accommodate their changing needs. Lenders can provide expert guidance on options like renovation loans, home equity solutions, and reverse mortgages.

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Lending Renovations Finance Housing Market 348

Housing Wire

OCTOBER 24, 2024

The most powerful evidence of equity stripping shows up in subsequent resales (flips) of pre-foreclosure purchases that occur within 30 days of the original pre-foreclosure sale — indicating the pre-foreclosure buyer would have little time to add value to the property through renovation. I give them everything. Here are your options.

Retail 448

Retail Buyers Renovations Finance 448

Housing Wire

FEBRUARY 16, 2022

Examine previous transactions with a lender, such as funding renovations on investment property, to better understand the lender’s experience with diverse real estate projects. The post How to vet private money lenders for real estate investing appeared first on HousingWire.

Real Estate 397

Real Estate Investing Investors Renovations 397

Appraisal Buzz

JANUARY 9, 2025

Department of Housing & Urban Development (HUD) has published a Final Rule in the Federal Register to modernize and strengthen regulations for the HOME Investment Partnership Program (HOME). Click here for more on HUDs HOME Investment Partnership Program (HOME).

Tenants 349

Tenants Development Modernization Inspection 349

Housing Wire

NOVEMBER 22, 2024

These costs include mortgage payments, property taxes, insurance and utilities that must be paid while renovations are performed. Survey respondents cited high holding costs as another key stressor. The average interest rate for a fix-and-flip loan also rose in Q3 2024 to 10%, according to Kiavi.

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Investors Mortgage Property Taxes Inventory 433

Housing Wire

SEPTEMBER 8, 2023

This AI-driven tool uses computer vision technology to evaluate the current condition of a property and provide a detailed assessment of its current market value and potential value post-renovation. It also uses Revive’s recommendation engine to offer renovation estimates supported by local contractors.

Real Estate Agent 448

Real Estate Agent Tools Real Estate Agents 448

Housing Wire

JANUARY 27, 2025

For homeowners , stay top-of-mind by providing ongoing valuelike market insights or renovation adviceso they return when its time to sell. By staying connected with clients post-transaction, real estate professionals can provide insights on refinancing, renovations, or market trends to reinforce their roles as their go-to resources.

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Real Estate Clients Technology Agents 397

Housing Wire

MARCH 11, 2025

This is according to a new survey from Point , a company that specializes in home equity investments. [O]lder If the home doesnt already cater to senior living needs, then affordability challenges with renovations are an issue to overcome.

Property Taxes 274

Property Taxes Renovations Investing 274

Cleveland Appraisal Blog

AUGUST 25, 2022

You’ve just purchased your first property to renovate. How can you capitalize on your first investment property? Whether your first investment property will be a rental or a flip, your goal is to walk away with more money than you put into it. Let the Renovations Begin! Determine How Much You Can Afford.

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Investing Renovations Landlords Real Estate 332

Housing Wire

APRIL 17, 2024

Capital Fundings , a Florida -based private mortgage lender, has partnered with real estate investment platform Privy , the companies announced on Tuesday. Our commitment to empowering borrowers aligns perfectly with Privy’s mission to revolutionize real estate investment through technology and education.

Real Estate 448

Real Estate Renovations Investing Investors 448

Housing Wire

FEBRUARY 20, 2025

“For a consumer who wants to do a home renovation , a consumer who wants to consolidate debts, or a consumer who wants to take cash out to pay for tuition for their kids, our product serves all of those use cases.” ” How is it so fast? .” ” How is it so fast?

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Business Renovations Investors Market Value 299

Housing Wire

AUGUST 27, 2021

Examine Return On Investment . Unfortunately, upgrading your appliances won’t necessarily allow for a huge return on investment. Here are a few other updates with the highest return on investment: . Renovations Can Be Beneficial. Renovations might make you feel better about putting your home on the market one day.

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Renovations Home Improvement Investing Home Value 459

Housing Wire

MAY 8, 2023

Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I My renovated homes are] reducing the number of rental properties , which in our town has become a source of demise.”

Inventory 435

Inventory Renovations Supply Chain Buyers 435

Appraisal Buzz

FEBRUARY 25, 2025

That means house hunters dont necessarily need to break the bank for a huge down payment if it makes more financial sense to save some money for things like future home renovations or other investments. All-Cash Down Payments Dwindle Roughly three in 10 (30.6%) U.S. homes were bought with cash in December. Thats down from 33.8%

Buyers 360

Buyers Renovations Mortgage Housing Market 360

Housing Wire

FEBRUARY 6, 2025

Key non-QM products for 2025 Before 2025 continues, lenders should arm themselves with the right tools for tackling the market: Investor loans Investing is the vehicle to success for homeowners in the market. Both loan types allow all borrowers to invest using an LLC, granting access to tax benefits and other great things.

Mortgage 318

Mortgage Training Construction Investors 318

Housing Wire

MAY 28, 2021

While turnkey properties come with a higher price tag , they can be a cheaper investment in the long run. Four renovations to consider before selling your house. A turnkey home is a property that doesn’t require any major repairs or renovations. Renovations are also time-consuming. How much house can you afford to buy?

Renovations 508

Renovations Home Improvement Real Estate Agent Real Estate 508

Appraisal Buzz

JULY 30, 2024

A new report from New Western, a national real estate investment marketplace, indicates that local real estate investors are poised to outperform traditional builders in several key markets. The Great Renovation Kurt Carlton, president and co-founder of New Western, emphasized the impact of local investors on the housing market.

Real Estate 397

Real Estate Investors Renovations Construction 397

Housing Wire

FEBRUARY 25, 2025

That means house hunters dont necessarily need to break the bank for a huge down payment if it makes more financial sense to save some money for things like future home renovations or other investments. Cash purchases still common Cash buyers accounted for 30.6% home purchases in December, down from 33.8% in September.

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Buyers Renovations Housing Market Real Estate 294