Housing Wire

FEBRUARY 16, 2022

The following are some helpful suggestions for vetting a private money lender: Request a list of references for other real estate investors who have recently completed transactions with the lender. Even if a mortgage broker or conventional lender is unable to fund the transaction, they might be able to refer.

Real Estate 397

Real Estate Investing Investors Renovations 397

Housing Wire

DECEMBER 5, 2024

The study — which refers to such homes as “mobile homes,” a term the manufactured housing industry sees as imprecise at best and erroneous at worst — also found that prices for these homes accelerated at a faster pace than traditional single-family homes. increased by 58.34% between 2018 and 2023.

Land Lease 417

Land Lease Renovations Modernization Design 417

Housing Wire

DECEMBER 30, 2022

Temporary rate buydowns that lower mortgage rates during the initial period will be products LOs will be pushing for, as well as diversification of mortgage products that include renovation products or construction loans. Instead, they’ll be seeking to renovate their homes.”.

Renovations 435

Renovations Realtors Construction Mortgage 435

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 88

Renovations Appraisal Real Estate Agent Construction 88

Housing Wire

JANUARY 5, 2024

The Federal Reserve When your clients express concern about interest rates, they’re likely referring to the larger-scale changes with long-term effects that are tied to the Federal Reserve (“The Fed”) and its monetary policy. The Fed’s primary objective is to promote a strong U.S.

Real Estate 468

Real Estate Agents Marketing Sellers 468

Housing Wire

OCTOBER 23, 2024

Are there any improvements or renovations you’ve done to the home?” Do this before the appointment, and refer to our list of questions to get specifics. Tell me about your situation and goals in selling your home.” When would you ideally like to be moved out and closed?” “Are Will there be anyone else involved in the sale?”

Agents 435

Agents Real Estate Sellers Real Estate Agent 435

Housing Wire

JULY 10, 2024

We refer to this as your value proposition and it’s a unique, very concise statement about what you offer your clients and why they should choose you — in one or two sentences. What renovations or updates have you made that you believe could add value to your home? Are you looking to upgrade or downsize?

Sellers 435

Sellers Real Estate Agents Clients 435

Empire Appraisal Group

OCTOBER 17, 2024

By Spiderstock/Getty Images Source: [link] Costly Home Renovation Mistakes to Avoid By Courtney Klosterman While rewarding, home renovations can be time consuming, costly and frustrating. But renovating can be tricky even for homeowners with experience let alone someone without that technical knowledge.

Renovations 78

Renovations Inspection Tools Insurance 78

Housing Wire

OCTOBER 20, 2023

Post decorating and renovation tips Since customization is commonplace among homeowners, posting decorating or renovation tips may be helpful to your audience. Sharing tips could also secure referrals for businesses you partner with, who could in turn be more motivated to refer you to their client base.

Real Estate 435

Real Estate Agents Real Estate Agent Decorating 435

Housing Wire

JUNE 7, 2024

Here are my top do’s and don’ts for finding listing referrals through your sphere: Do: Educate your sphere about how to refer business to you. That same agent who referred you the lower priced listing may recommend other agents in the office do the same. All you need to do is teach them how to help you and keep in touch.

Real Estate 468

Real Estate Open Houses Agents Sellers 468

Boston Appraisal

FEBRUARY 11, 2024

Sales of Historical Properties and Value Development In developing a property’s value, appraisers consider various factors, such as condition, historical significance, renovations, and the extent of preservation of original characteristics. Each property’s unique attributes significantly influence its appraisal.

Appraisal 147

Appraisal Renovations Architecture Appraisal Process 147

Zillow

MARCH 13, 2018

Even if you’re ready for a kitchen renovation or anxious for a bathroom remodel, figuring out how to plan a home renovation that doesn’t break the bank can be tricky. For example, a kitchen generally accounts for 10 to 15 percent of the property value, so spend no more than this on kitchen renovation costs.

Renovations 50

Renovations Contracts Modernization Investing 50

Cleveland Appraisal Blog

APRIL 21, 2022

By the way, when I use the term “crazy” in this post, I’m referring to personality clashes between two individuals and not to a mental condition that one may be suffering from. What if the neighbor’s home in poor condition, was purchased and then renovated? Would that then increase the market value of the neighboring homes?

Market Value 354

Market Value Appraisal Agents Real Estate Agent 354

Housing Wire

FEBRUARY 8, 2024

It is often the first point of contact between you and potential clients, or it’s how clients confirm if you’re the right fit after you’ve been referred to them. Buzzwords to use Try these buzzwords and phrases to reference your accreditations and designations: “Jane Doe is a member of the REALTOR® Association of Pittsburgh.” “In

Real Estate Agent 435

Real Estate Agent Real Estate Agents Clients 435

Housing Wire

FEBRUARY 8, 2024

Also, know about specific local initiatives and incentives, like land trusts, environmental regulations, property developments, or upcoming renovation projects. Be able to name the best grocery stores, community recreation centers, places of worship, nature centers and shopping areas.

Real Estate 443

Real Estate Tools Agents Real Estate Agent 443

Lamacchia Realty

AUGUST 12, 2021

What to Consider Before Purchasing a Fixer-Upper Although fixer-uppers are more affordable than purchasing a turnkey home in the perfect neighborhood, the process of buying a fixer-upper and renovating it is more complicated than what you see on television. How Much Time Do They Take to Renovate? Traveling a lot?

Renovations 69

Renovations Finance Inspection Buyers 69

Eppraisal

AUGUST 2, 2022

Whether you have just purchased an investment property or have had one for some time, if it is ready for a renovation, you will want to carefully select your materials. Paint Choices Paint is the number one material you will want to be durable when choosing your materials for renovating your rental property.

Renovations 36

Renovations Landlords Tenants Investing 36

Zillow

JUNE 10, 2019

Rather, I'm referring to discretionary remodeling, expansions and other improvement projects. A home renovation can be yet another big and stressful project, what with all the decisions to make and contractors to deal with. Any renovation, no matter how small, should be designed with care. You need time to plan.

Renovations 36

Renovations Home Improvement Design Buyers 36

Eppraisal

SEPTEMBER 19, 2023

Whether you're looking to update a single room, increase your home value or undertake a whole-house renovation, following a structured approach will help ensure a successful outcome. It's wise to allocate a contingency fund for unforeseen circumstances that may arise during the renovation process.

Renovations 69

Renovations Inspection Design Development 69

Padove Appraisal Service

JANUARY 14, 2018

Chronological age refers to the actual age of the dwelling. Effective age refers to how old the structure appears to be or “feels.” Updates refer to the physical condition of the home, while upgrades refer to the quality of construction materials used. Determination of chronological age is relatively easy.

Home Improvement 78

Home Improvement Appraisal Construction Renovations 78

Chicagoland Appraisal Blog

MAY 13, 2021

And that means you can actually impact your home’s value by making renovations that are likely to increase its marketability and value in the real estate market. . Some real estate firms or banks may refer to the home appraisal as a real estate appraisal. Overly personalized renovations. Expanded or renovated front porch.

Appraisal 88

Appraisal Renovations Home Value Real Estate 88

The Robert Weiler Company

SEPTEMBER 23, 2020

Can their references substantiate their claims? Do they have established relationships with local companies who can assist with maintenance and/or renovations? We can also help market your property, attract potential tenants, then qualify them with credit checks and references.

Property Management 142

Property Management Tenants Investing Legal 142

Lamacchia Realty

MAY 11, 2021

As a member of Leading Real Estate Companies of the World , the Lamacchia Relocation Department never hesitated to refer clients out of state and around the globe. The Chelmsford location is under significant renovations and will celebrate is grand opening in June.

Brokerage 69

Brokerage Realty Renovations Clients 69

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. Signed lease documents, detailed rent roll, etc.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

The Robert Weiler Company

MARCH 9, 2021

By referring to his belief in the investment of knowledge paying the best interest. This allows us to perform any level of maintenance and renovations with quick response time and competitive pricing. . “Well done is better than well said.” And yes, there is something positive to be said about that style of growth.

Property Management 148

Property Management Tenants Property Taxes Business 148

DW Slater Company

FEBRUARY 24, 2022

Here is a good reference from FNMA & Freddie Mac: URAR Hybrid and Desktop Appraisal Forms. The appraiser may be able to use remote tools to view or sketch the property. Both Desktop and Hybrid appraisals require a floorplan rather than a traditional sketch from the appraiser.

Inspection 154

Inspection Tools Appraisal Technology 154

Raleigh Realty

FEBRUARY 2, 2022

If you are a seller, it is advised that you offer repair money (typically referred to as a ‘credit’) to the buyer instead of handling the repairs yourself. Do you anticipate renovating any aspects of the home in the future? Will the defects that appeared in the inspection report be obsolete after the renovations?

Inspection 158

Inspection Sellers Buyers Realtors 158

Birmingham Appraisal

MAY 21, 2024

Renovations and updates can reduce these effects by increasing a home’s market appeal and extending its lifespan. The first impression a home makes, often referred to as curb appeal, is important and can be enhanced with simple upgrades like landscaping or exterior paint.

Home Value 75

Home Value Architecture Renovations Real Estate 75

Birmingham Appraisal

FEBRUARY 28, 2023

Sellers should be transparent about any issues with the property, such as previous damage, repairs, or renovations. Providing information about updates or renovations can help the appraiser estimate effective age more accurately which will have a positive effect on the final opinion of value.

Sellers 88

Sellers Real Estate Appraisal Appraisal Process 88

McKissock

NOVEMBER 24, 2022

Renovation and Remodeling Appraisal Considerations When appraising proposed modifications, remodels, or renovations to a residential property, appraisers must decide the feasibility of the modification, if it adds any contributory value, if it extends the remaining economic life, or possibly improves the property’s marketability.

Appraisal 52

Appraisal Renovations Architecture Real Estate 52

The Robert Weiler Company

APRIL 15, 2022

As such, landlords often stipulate that the tenant can’t terminate the lease early for any reason; this is referred to as an absolute net lease (or bondable net lease); more on this type of lease below. Commercial real estate attorneys also refer to this as rent abatement, and it is worth discussing with a knowledgeable professional.

Tenants 144

Tenants Landlords Property Taxes Real Estate 144

McKissock

JULY 19, 2022

Overselling a recently renovated area of the house. Additionally, it’s more than appropriate to ask for testimonials or references from past clients who have used their services. Red flags: Recent or unexpected cosmetic changes to the house. An unwillingness to provide routine paperwork. Loan fraud.

Real Estate 98

Real Estate Real Estate Agent Sellers Agents 98

The Robert Weiler Company

APRIL 7, 2023

Upgrades to existing buildings brought an even bigger reduction in operating costs globally, with green renovations at 11.5% Construction of new green buildings and green renovation or retrofit projects increase the asset value of buildings by upwards of 9%. reduction in operating costs in the first year and a 16.9%

Real Estate 109

Real Estate Construction Investing Development 109

Boston Appraisal

FEBRUARY 2, 2023

For example, public records may not reflect any renovations or additions that have been made to the property since the records were created. A small, independent living area constructed on the same property as a single-family home is referred to as an accessory unit. It is also known as a secondary unit or in-law unit.

Inspection 78

Inspection Law Appraisal Real Estate Agent 78

Boston Appraisal

FEBRUARY 2, 2023

For example, public records may not reflect any renovations or additions that have been made to the property since the records were created. A small, independent living area constructed on the same property as a single-family home is referred to as an accessory unit. It is also known as a secondary unit or in-law unit.

Inspection 78

Inspection Law Appraisal Real Estate Agent 78

Appraisal Today

MAY 17, 2024

NOTE: Please scroll down to read the other topics in this long blog post on Geographic Data and Comps, effect of renovation on value, very low foreclosures now, current real estate market, unusual homes, mortgage origination stats, etc. = = $99.5M I’m always looking for something new = What Impact Do Renovations Have on Appraisal Value?

Tools 67

Tools Appraisal Renovations Design 67

Property Metrics

APRIL 7, 2022

Depending on the context, yield on cost is also commonly referred to as the going-in cap rate, development yield, return on cost, cost cap rate, or build-to rate. Finally, we’ll take a look at how to calculate the yield on cost for specific construction or renovation projects. Yield on Cost Formula. The yield on cost of 9.6%

Renovations 41

Renovations Development Real Estate Tenants 41