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Baby boomers’ renovation needs are expected to accelerate: Property Brothers

Housing Wire

To better accommodate their needs as they age, baby boomer homeowners will likely need to renovate their homes to more easily accomplish goals related to aging in place and living in a safer, more comfortable dwelling. But for those opting to age in place, the renovations will be needed for safety and comfort in older age, he added.

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What renovations will add value to my home?

Housing Wire

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. NMLS #412915.

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Planning for a Home Renovation: A Guide

Cleveland Appraisal Blog

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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FHA updates portal to accommodate expansion of 203(k) loan program

Housing Wire

The 203(k) program allows for the inclusion of repair or renovation costs within a single mortgage to purchase or refinance a home. It covers structural repairs (such as foundations and new roofs), modernization of kitchens and bathrooms, and energy-efficiency and climate-resiliency projects. Updates have been made to both variations.

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New construction vs. resale homes: How agents can guide buyers in today’s market

Housing Wire

New construction pros and cons Buyers drawn to modern living may find the benefits of new construction appealing, though they should be prepared for some drawbacks. Renovating to modernize can add to the long-term cost of a resale home.

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A guide for homebuyers looking to buy their dream home

Housing Wire

If you want more of a modern look, old appliances probably won’t work for you and you’ll have to replace old appliances with new ones. And while price matters, it’s easier to renovate a home than pick up and move it to another city. After all, the older the home the more you might have to pay in renovations or general upkeep.

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Affordable housing inventory is limited due to foreclosure prevention efforts

Housing Wire

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.”

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