D Fritz Appraisals

SEPTEMBER 11, 2023

Major Home Renovations & Home Appraisals: What You Should Know Are you planning house renovations and want to know the best home improvement investments? Or maybe you are planning to sell your house and are wondering about renovations that increase home value the most. How is Home Value Measured?

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Renovations Home Value Valuation Market Value 123

Housing Wire

JULY 21, 2022

This data shows early signs of a slowdown in the retail housing market in June that was anticipated by real estate investors buying properties at foreclosure auction in March. The as-is market value is typically based on a drive-by broker price opinion or external-only appraisal given the properties are usually still occupied.

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Housing Market Buyers Marketing Retail 435

Cleveland Appraisal Blog

APRIL 21, 2022

Could being located next to a property that is an eye-sore cause a loss in market value to your home? Part of our work as appraisers is to consider whether situations like this are influencing the market value of the home we are appraising. Of course, that’s not the same as market value. Probably not.

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Market Value Appraisal Agents Real Estate Agent 354

Appraisal Buzz

OCTOBER 21, 2024

This treatment recognizes that the existing improvements should continue in use until it is financially feasible to remove the dwelling and build a new one, or to renovate the existing dwelling. And this requires the appraiser to collect, verify and analyze data to conclude a credible vacant site value. Spoiler Alert: Yes, it does.)

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Market Value Renovations Valuation Appraisal 293

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

We also use the MLS to analyze the market trends and to make market-based adjustments for things such as changes in sales prices, as well as features of a home that have a major impact on market value, like finished square footage, bedroom, and bathroom count, lot size and so on.

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Agents Appraisal Renovations Development 378

Cleveland Appraisal Blog

NOVEMBER 11, 2021

One big one is their Zestimate’s inaccuracy at predicting market value, and more specifically, they were relying on their own Zestimates to make important decisions like buying & selling homes. This home has also been renovated in recent years. What is the Market Value in ‘Market Value’?

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Valuation Market Value Appraisal Real Estate 369

Housing Wire

OCTOBER 17, 2023

“Our team tries to make every effort to purchase the properties on the front side,” said Mary Tritt, managing broker at Tritt Realty , a Carrollton, Georgia-based company that buys and renovates distressed properties. These institutional buyers purchased pre-foreclosure properties for 30% below estimated after-repair market value on average.

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Retail Buyers Market Value Real Estate Agent 435

Housing Wire

MAY 21, 2024

Meanwhile, the average winning bid relative to after-repair value has been rebounding nationwide after a short-lived dip at the end of 2023 — both for foreclosure auctions and for REO auctions. The after-repair value is the estimated market value of a property in fully repaired condition. in Q1 2023.

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Marketing Investors Real Estate Investing 476

Birmingham Appraisal

MAY 1, 2024

Home Renovations and Appraisal Value As an appraiser, I get asked about how much value will be added for different types of home projects or renovations. The best way to look at home renovations is by considering the overall impact they will have on your home. Updates or Renovations?

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Renovations Appraisal Real Estate Agent Construction 88

Appraisal Buzz

MAY 10, 2024

By “equity-rich” ATTOM means that the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values. Still, the windfalls are starting to erode bit by bit amid mounting signs that the market is no longer so super-heated.” Home Equity & Underwater Report.

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Market Value Renovations Finance Development 195

D Fritz Appraisals

JANUARY 29, 2025

As property values soar and housing accessibility becomes more challenging, understanding the role of these valuations in shaping real estate decisions is more critical than ever. Home Appraisal: Includes detailed market analysis and accounts for specific property attributes, renovations, and upgrades.

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Appraisal Valuation Property Taxes Inspection 78

Housing Wire

OCTOBER 10, 2023

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. Pro Tip: You don’t need to include all the property details in your Comparative Market Analysis. Select active listings comps Choose active listings near to the subject property.

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Marketing Real Estate Agent Clients Tools 435

Housing Wire

MAY 18, 2022

Also, an independent appraisal during the loan process locks in the property’s market value at the time the reverse mortgage loan is funded. This means that the homeowner (or their heirs) won’t owe more than the home is worth when the loan is repaid.

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Mortgage Clients Insurance Tools 418

Appraisal Partners Blog

MARCH 12, 2025

FHA appraisals have two main objectives: Determine Market Value: Like all appraisals, the FHA appraisal determines the fair market value of the property. Property Inspection: The appraiser conducts a thorough inspection of the property, focusing on both market value and FHA minimum property standards.

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Appraisal Inspection Market Value Sellers 78

Housing Wire

AUGUST 15, 2022

HELOCs also are popular because the interest on the loans is tax deductible if the funds are used for approved home renovations. Equity rich, as defined by ATTOM, means that all debt balances secured by the property represent no more than 50% of the property’s estimated market value.

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Lending Home Value Mortgage Renovations 459

Cleveland Appraisal Blog

MARCH 30, 2021

So many visitors have stopped by over the years, that they renovated the area to make it more visitor friendly, with better parking and a nicer observation area. Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price.

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Housing Market Marketing Reconsideration of Value Appraisal 368

Cleveland Appraisal Blog

MARCH 25, 2023

Having had our kitchen gutted and remodeled a couple of years ago, I can honestly say that I had not thought about this question before our renovation. Also, if you are planning on doing a complete gut renovation of your kitchen, it is best to go for a larger dumpster, as the amount of debris generated will be significant.

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Supply Chain Appraisal Renovations Market Value 285

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. Physical depreciation is the most common cause of loss of value. Even if they are completely renovated, they are still not considered to be new. In a word, depreciation.

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Market Value Appraisal Marketing Buyers 244

Simonson Real Estate

JULY 10, 2020

New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc. Value Scenarios. What is Market Value As Is and When is it Used? The estimate of the market value of real property in its current physical condition, use, and zoning as of the appraisal date.

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Appraisal Process Appraisal Market Value Tenants 148

Boston Appraisal

FEBRUARY 11, 2024

Targeting the Most Likely Buyer The niche market for historical properties typically comprises buyers who value historical preservation and authenticity. Understanding the unique appeal of these properties to such buyers is crucial in accurately determining their market value.

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Appraisal Renovations Architecture Appraisal Process 147

Appraisal Partners Blog

JANUARY 20, 2025

Whether you’re buying, selling, or refinancing, an appraisal plays a vital role in determining the true market value of a property. Final Value Conclusion: The appraiser will provide a conclusion as to the fair market value of the property. They will be aware of any deficiencies.

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Appraisal Inspection Valuation Appraisal Process 78

Cleveland Appraisal Blog

JULY 22, 2021

My family and I are in the midst of a first floor renovation, whilst caring for my wife as she continues to recover from her broken ankle, as I mentioned in my last post. Going through a major renovation helps me to appreciate some of the great points made here. . Tackling Electrical Projects.

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Renovations Appraisal Home Improvement Client Relationships 243

Cleveland Appraisal Blog

JUNE 17, 2022

When developing an opinion of the market value of a property, what appraisers are really measuring is how much depreciation a property has suffered from, and more specifically how much depreciation the improvements on the land have depreciated. What’s the difference between a newly constructed home and a hundred-year-old home?

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Appraisal Development Market Value Tenants 283

Appraisal Hub

MARCH 20, 2025

Its like pricing a used car; you look at similar models, factor in mileage (or, in this case, renovations), and determine a fair market value. The Catch: What happens when the market is moving faster than past sales can reflect? Or when a home has high-end upgrades that arent common in the area?

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Property Appraisal Appraisal Real Estate Investors 78

Cleveland Appraisal Blog

JUNE 18, 2022

Becoming an expert appraisal witness in an eminent domain case starts with developing a comprehensive understanding of how value is determined in this special proceeding. While most states allow fair market value to be established using traditional appraisal approaches (e.g.

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Appraisal Law Development Valuation 312

Cleveland Appraisal Blog

FEBRUARY 11, 2022

The appraiser agrees to come in “low” They achieve this by using sales that do not reflect the market value of the property. Does the market value of a home change differ depending on whether the owners are going through a divorce or refinancing their home? The market value is what it is.

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Appraisal Market Value Clients Design 221

Appraisal Hub

OCTOBER 16, 2024

A property appraisal is a detailed evaluation of your home’s market value conducted by professional appraisers. Appraisal companies use their knowledge of the local market and factors like size, location, and condition to accurately estimate what your home is worth today. What is a Property Appraisal?

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Property Appraisal Appraisal Renovations Market Value 78

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. In addition to the joy and comfort these changes bring into your daily life, renovations can also significantly increase your home’s market value.

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Renovations Modernization Market Value Investing 36

Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Clarify What Value or Values are Needed.

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Appraisal Process Real Estate Appraisal Renovations 78

Boston Appraisal

NOVEMBER 6, 2020

The home had been recently renovated and was in great condition. That accepted purchase price becomes the “market value” of the property. An appraisal measures that value range within the report. This lack of data can, unfortunately, slightly skew the true market value. The Case File. He paid $475,000.

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Appraisal Market Value Real Estate Sellers 148

Housing Wire

JUNE 7, 2024

Market data about the area, an invitation to an upcoming open house, or info about a coming soon listing nearby are all great items of value. Don’t forget to include your contact information and a call to action such as: “Call/text me to learn about your home’s current market value.” Who’s it for?

Real Estate 468

Real Estate Open Houses Agents Sellers 468

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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Renovations Real Estate Agent Investing Buyers 68

Lamacchia Realty

AUGUST 12, 2021

Fixer-uppers tend to be popular among real estate investors as well as first-time homebuyers as they present an opportunity to buy below market value. By making updates, the buyer is able to meet or exceed current market standards and build equity in their property faster. How Much Time Do They Take to Renovate?

Renovations 69

Renovations Finance Inspection Buyers 69

Birmingham Appraisal

MAY 21, 2024

Condition and Age of the Property The age and condition of a home directly impact its market value. Renovations and updates can reduce these effects by increasing a home’s market appeal and extending its lifespan. It’s important to weigh the cost of these renovations against their potential return on investment.

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Home Value Architecture Renovations Real Estate 75

AmeriMac

MARCH 15, 2025

Understanding Appraisal Management In real estate, determining a property’s fair market value is crucial for transactions. Clear valuations are essential for informed financial decisions in the dynamic real estate market. Their expertise considers external factors like upcoming developments that could impact future value.

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Appraisal Valuation Real Estate Appraisal Process 36

AmeriMac

JANUARY 31, 2025

A qualified professional appraiser gives an unbiased estimate of the property’s market value. This value considers different factors to ensure buyers and sellers are treated fairly. Understanding real estate appraisals is crucial in a changing market like New Albany, OH.

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Real Estate Appraisal Valuation Real Estate Agent 36

D Fritz Appraisals

MARCH 16, 2021

The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. Any known inconsistencies with data – if your assessed property value has been fluctuating wildly over the years, this needs to be looked at. This will help ensure a fair market value.

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Appraisal HOA Easement Valuation 132