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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.

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AVM’s & Punxsutawney Phil’s Accuracy

Cleveland Appraisal Blog

In the article, “How accurate is Punxsutawney Phil?”, According to an article in ctpost.com , “Most of the year, male and female groundhogs are solitary and antagonistic against each other. So, why offer a valuation service that provides values that should not be relied upon? I know it’s just for fun. .

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Three Types of Commercial Real Estate Obsolescence

Property Metrics

In other words, a property could become functionally obsolete when its design, style, amenities, or technology no longer meet the needs and/or expectations of modern tenants. Modern tenants require high speed internet connections, strong cellular reception, advanced security features, and modern audio/video capabilities.

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Revolutionizing Appraisals: The Role of Blockchain Technology

Appraisal Buzz

As industries grapple with the challenges of transparency, accuracy, and trustworthiness in valuation processes, blockchain emerges as a beacon of hope. This article delves deep into how blockchain is set to revolutionize appraisals, offering a fresh perspective to technology professionals keen on staying ahead of the curve.

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Why Appraisal Workfiles Are Important

Appraisal Today

To read more, Click Here My comments: The article also discusses bias. Upon arrival, you’re greeted by a lavish motor court leading to timeless modern architecture. Lanham, 20/20 Valuations, and loanDepot.com, U.S. In my free newsletter, I typically don’t include links to very adverse blog posts and articles.

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When & How do Appraiser’s Adjust for Age?

Cleveland Appraisal Blog

So, while the cabinets may be in good shape, many homeowners will eventually replace the countertops, sink and appliances with a more modern look and improved functionality. Here are some links to other articles I’ve enjoyed recently! Of course, a ten-year old kitchen is going to have some wear and tear from use.

Appraisal 225
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Non-Arms Length Sales for Appraisers

Appraisal Today

The One-Mile Rule: Prudent Policy or Modern Day Redlining? In the 1930’s, appraisers (then known as valuators) were instructed to follow a rating system. Appraisers/Valuators were tasked with gauging the level of “protection” against these adverse influences or assessing the associated “risk” they posed. … By Dallas T.