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. The following considerations should help you make the right decision when it comes to investing in a remodel or not. I hope you find her article to be helpful! No repairs, no costs.

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Renovations Buyers Appraisal Investing 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.

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Appraisal Process Real Estate Appraisal Renovations 78

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. HW: How can a reverse mortgage allow older Americans to take advantage of their existing equity without selling at a loss?

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Appraisal Hub

MAY 5, 2024

We are tasked with determining the fair market value of a property based on various factors such as location, condition, and comparable sales. Furthermore, providing a list of recent upgrades and improvements can demonstrate the property’s investment potential, ultimately impacting its appraised value.

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Real Estate Agent Real Estate Agents Appraisal Process 78

Simonson Real Estate

JULY 10, 2020

The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. Value Scenarios. What is Market Value As Is and When is it Used? Prospective Values.

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Appraisal Process Appraisal Market Value Tenants 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.

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Appraisal Property Taxes Real Estate Market Value 145

PennyMac

JANUARY 2, 2024

Do you know the return on investment (ROI) of your renovation project? Some renovations can make your home more valuable. If you’re investing in a home renovation in hopes of recouping that money when you sell, it’s important to research and plan ahead before you begin to ensure you’re spending your money wisely.

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Cleveland Appraisal Blog

DECEMBER 10, 2022

What people rarely talk about are things that can decrease property value. Always keep in mind that your Ohio home is one of the biggest investments you’ll ever make. That’s why we’ve consulted an expert in home appraisals and here are the top features that negatively affect the value of your home.

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AmeriMac

MAY 15, 2024

Appraisals play a significant role in determining the fair market value of a property and ensuring a successful relocation. Unlike a traditional mortgage appraisal that determines the market value of a property, a relocation appraisal focuses on estimating the sales price through prospective analysis.

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Appraisal Market Value Mortgage Appraisal Appraisal Process 36

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. Among the nonbanks that either have or plan to introduce HELOC loan products are Rocket Mortgage , Guaranteed Rate , loanDepot and New Residential Investment Corp. recently rebranded as Rithm Capital ).

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Lending Home Value Mortgage Renovations 420

Lamacchia Realty

APRIL 17, 2024

If you’re thinking about selling your house, one upgrade that can increase your home’s resale value is hardwood flooring. While some sellers may renovate a bathroom or do small improvements to make the home feel new , don’t overlook the power of a fresh hardwood floor. Investing in hardwood represents a commitment to long-term appeal.

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Home Value Buyers Realtors Realty 66

East Coast Appraisal

AUGUST 11, 2022

Home Appraisal Value Is the Same as Market Value. The appraised value of a property is different from the market value. The market value is what a buyer is willing to pay and what a seller is willing to accept for a property. Indeed, the appraised value can determine the market value.

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Real Estate Appraisal Renovations Market Value 52

Chicagoland Appraisal Blog

MAY 13, 2021

Your home may be your favorite place to be, but it’s also an investment. Like any other investment, you want to know its value with some reliable degree of accuracy. A home appraisal is an unbiased opinion of a home or property’s value. What’s in a Home’s Value? The Value of a Home Appraisal. Home addition.

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Appraisal Renovations Home Value Real Estate 88

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?

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Renovations Finance Inspection Buyers 69

Zillow

JULY 11, 2019

There are certain things you can do as a real estate investor to help manage your tax bill and maximize your after-tax return on investment. To do so, however, you need to understand the primary ways in which investment real estate portfolios get taxed. You can't deduct capital investments like new buildings, additions or renovations.

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Investing Bracketing Property Taxes Real Estate 43

East Coast Appraisal

MARCH 16, 2023

A home appraisal is one of the best ways to determine a property's market value. A higher appraisal value means you can sell your home for a higher price, which can result in a larger profit for you as the seller. Contemporary homeowners like these features, which might help raise your home's value.

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Appraisal Renovations Home Value Inspection 52

Berkshire Hathaway

AUGUST 30, 2022

Should the investment property be in a busy city or an up and coming neighborhood? Are you looking for a move-in ready rental property or are you willing to consider a home that requires renovations? You should also consider the financing options available for your investment property. Assess the Seller’s Motivation.

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McKissock

OCTOBER 12, 2021

At some point it’s no longer “normal market value minus cost to cure equals as-is value.” So is the right price to pay $150,000 (market value after renovations) – $90,000 (estimated cost to cure) = $60,000? I’m always looking to invest in rental houses. Who might buy it?

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Appraisal Market Value Investors Buyers 84

Lamacchia Realty

DECEMBER 3, 2021

The fact is, if the list price for a home isn’t based on the current market value of the home, it will sit on the market for a long time. Buyers will look at how long the home has been on the market and why it hasn’t sold yet, resulting in no showings. Myth #2: A Home’s Assessed Value is the Same as the Market Value.

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Market Value Sellers Property Taxes Investing 69

PennyMac

NOVEMBER 27, 2023

Equity is the difference between the market value of your home and the amount you owe on your mortgage. Once you've accumulated enough home equity, you can tap into it for various needs like home renovations, debt consolidation or other expenses. Any increase in market value also contributes to an increase in your home equity.

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Market Value Tenants Renovations Insurance 36

Town & Country Residential Appraisals

SEPTEMBER 26, 2022

If you are looking to make major renovations, subdivide a large parcel of property into smaller multiple parcels or construct an addition to your home, it is strongly advised to consult a real estate appraiser to help you in determining how to maximize the value versus the cost.

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Appraisal Renovations Real Estate Valuation 50

The Robert Weiler Company

SEPTEMBER 16, 2021

Second, the motivation to look at the value of a property will be for entirely different purposes. The client could be an individual or company looking to invest in real estate. Explanation of potential risks you may face or negative aspects that may impact the market value of the commercial property.

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East Coast Appraisal

AUGUST 22, 2023

An appraisal is an unbiased opinion of the value of a property based on its physical characteristics, location, market conditions, and income potential. An appraisal can help you determine the fair market value of your property, negotiate a better deal, or secure a favorable loan.

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Property Metrics

APRIL 7, 2022

Then we’ll look at how to calculate the yield on cost for a value add project. Finally, we’ll take a look at how to calculate the yield on cost for specific construction or renovation projects. After acquisition your plan is to vacate all tenants and start a large renovation of all units with a total construction budget of $750,000.

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The Robert Weiler Company

JULY 6, 2021

They have usually been constructed over 20 years ago and require renovation at this point. An investor can either put money in through value-add projects to update the building or seek residential and mixed-use conversion options. Benefits of Investing in Columbus Industrial Space for Sale . Syndicates through crowdfunding.

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The Robert Weiler Company

MAY 18, 2022

With some as straightforward as cleaning up, and others requiring an investment of a few thousand dollars, each recommendation is aimed to increase the profit on your commercial property. What is Return on Investment in Commercial Real Estate? Though, keep in mind that commercial real estate doesn’t always sell at market value.

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Real Estate Tenants Retail Investing 148

AmeriMac

MAY 24, 2023

Certified appraisers use different methods to determine the value of a commercial property, such as the cost approach, income approach, and sales comparison approach. Appraisal reports offer a detailed analysis of the property’s market value, potential risks, and market conditions.

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Real Estate Appraisal Appraisal Process Market Value 36

East Coast Appraisal

FEBRUARY 28, 2022

If you plan to refinance or sell your home, you should first determine its fair market value. Then, property appraisals are an opportunity for an appraiser to check your home's quality, condition, amenities, location, and other special features that affect its value. Any quality improvements increase the appraised value.

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Appraisal Renovations Home Value Construction 52

Birmingham Appraisal

AUGUST 30, 2023

A Look at Why Your Home May Not Appraise for The Expected Value When it comes to selling or refinancing your home, one of the crucial steps is the appraisal process. Appraisals determine the market value of your property, which affects your ability to secure a loan or make a profitable sale.

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Appraisal Appraisal Process Renovations Market Value 79

Town & Country Residential Appraisals

SEPTEMBER 29, 2019

In home valuation language they are trying to buy under improvements for the neighborhood, which are usually a good deal, and below market value, but then there is the second half. A “dream home'“ is often code for “over improvement for the neighborhood,” and typically see lower market values compared to their costs.

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Renovations Market Value Valuation Appraisal 46

PennyMac

OCTOBER 10, 2023

For most loans, the lender obtains a signed and completed appraisal report that accurately reflects the market value, condition and marketability of the property. They must take into account all factors that influence a home’s value when developing the market value opinion in the appraisal report.

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Appraisal Real Estate Agent Renovations Home Value 69

The Robert Weiler Company

OCTOBER 21, 2022

The information that arises helps enlighten those who own, manage, sell, lend money, or invest in commercial real estate property. The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property.

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Real Estate Appraisal Property Appraisal Valuation 60

Realtor

MAY 10, 2018

. “That’s why it’s usually best to sell the property and use those funds to purchase individual investments or simply keep the profits,” says Mazek. If one sibling wants to keep the home, he or she can buy the others out for their share of the home’s fair market value.

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Real Estate Agent Renovations Real Estate Agents 85

Eppraisal

OCTOBER 31, 2023

 Better yet, use a real estate agent to do a comparative market analysis and calculate your home’s value impartially. Appraisal Mortgage lenders use home appraisal reports to make credit decisions, so hiring an appraiser can help you learn about your home’s current market value more objectively.  This

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Marketing Real Estate Agent Real Estate Valuation 69

Realtor

MAY 10, 2018

. “That’s why it’s usually best to sell the property and use those funds to purchase individual investments or simply keep the profits,” says Mazek. If one sibling wants to keep the home, he or she can buy the others out for their share of the home’s fair market value.

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Real Estate Agent Renovations Real Estate Agents 78

McKissock

JUNE 27, 2021

It’s critical to stay on top of the trends and review which up-and-coming markets are looking to boom in the year ahead. Deciding where to invest your time, energy and financial resources can be tricky, so here are some of the commercial real estate niches that are gaining popularity in 2021. Life Sciences.

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Real Estate Investing Retail Tenants 59

D Fritz Appraisals

OCTOBER 11, 2022

Read on for more information about how a home appraiser determines the value of your property. A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property. Renovation loan assessments. Current real estate market conditions.

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