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?

Renovations 121

Renovations Home Value Valuation Market Value 121

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.

Housing Market 435

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.

Market Value 350

Market Value Appraisal Agents Real Estate Agent 350

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.)

Market Value 293

Market Value Renovations Valuation Appraisal 293

Housing Wire

DECEMBER 12, 2024

The after-repair value is the estimated full market value of a property in fully repaired condition. By definition, most distressed properties sold at auction are in need of substantial renovations. The reserve, known as reservation price in auction theory, is simply the minimum amount a seller is willing to take to sell.

Housing Market 367

Housing Market Retail Marketing Sellers 367

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.

Agents 373

Agents Appraisal Renovations Development 373

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’?

Valuation 364

Valuation Market Value Appraisal Real Estate 364

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.

Marketing 476

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?

Renovations 86

Renovations Appraisal Real Estate Agent Construction 86

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.

Market Value 195

Market Value Renovations Finance Development 195

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.

Marketing 435

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.

Mortgage 418

Mortgage Clients Insurance Tools 418

Housing Wire

SEPTEMBER 19, 2023

Inspecting the interior of the home is a priority in an accurate appraisal, as doing so verifies any renovations completed within the home. However, the appraiser can still get a good idea of a home’s value if they’re unable to get inside. At this point, an estimated market value is generated.

Real Estate 476

Real Estate Appraisal Agents Inspection 476

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.

Lending 459

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.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

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.

Supply Chain 280

Supply Chain Renovations Appraisal Market Value 280

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.

Market Value 244

Market Value Appraisal Marketing Buyers 244

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.

Appraisal 147

Appraisal Renovations Architecture Appraisal Process 147

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.

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148

Cleveland Appraisal Blog

AUGUST 11, 2022

For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. Going for an as-is home sale eliminates the need for a lengthy renovation process. Moreover, buyers sometimes prefer to renovate the home according to their taste.

Renovations 221

Renovations Buyers Appraisal Investing 221

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.

Renovations 243

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?

Appraisal 279

Appraisal Development Market Value Tenants 279

Cleveland Appraisal Blog

DECEMBER 10, 2022

Therefore, when making any renovations to increase your home’s worth, always keep in mind that potential buyers may have very different tastes from you. Not only that this will help you boost the value of your home but it will also help you attract buyers and sell it quicker. 4 The address suffix.

Appraisal 297

Appraisal Buyers Renovations Investing 297

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.

Appraisal 309

Appraisal Law Development Valuation 309

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.

Renovations 36

Renovations Modernization Market Value Investing 36

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?

Property Appraisal 78

Property Appraisal Appraisal Renovations Market Value 78

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.

Appraisal 221

Appraisal Market Value Clients Design 221

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.

Appraisal Process 78

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.

Appraisal 148

Appraisal Real Estate Market Value Sellers 148

Realvals

JUNE 18, 2023

An appraisal will provide you with the current market value of your real estate. In some cases, if you and your spouse cannot reach an agreement on the value of your shared property, a court may require a professional appraisal. You’ll learn the current market value, and even valuable income info if requested.

Appraisal 145

Appraisal Property Taxes Real Estate Market Value 145

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.

Renovations 68

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.

Home Value 73

Home Value Architecture Renovations Real Estate 73

Boston Appraisal

OCTOBER 15, 2024

When looking to invest in a property, particularly one that is run down and in need of renovation, there is always a need to define current and potential values.

Property Appraisal 78

Property Appraisal Investing Appraisal Renovations 78

Boston Appraisal

OCTOBER 15, 2024

When looking to invest in a property, particularly one that is run down and in need of renovation, there is always a need to define current and potential values.

Property Appraisal 78

Property Appraisal Investing Appraisal Renovations 78

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.

Appraisal 130

Appraisal HOA Easement Valuation 130