Cleveland Appraisal Blog
AUGUST 25, 2022
You’ve just purchased your first property to renovate. How can you capitalize on your first investment property? Whether your first investment property will be a rental or a flip, your goal is to walk away with more money than you put into it. Let the Renovations Begin! Decide on How to Proceed.
Cleveland Appraisal Blog
DECEMBER 10, 2022
I’m so sorry for the weeks I missed posting articles last month. This week, Betty White shares some things that can decrease property value. 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. Hello dear reader!
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Cleveland Appraisal Blog
APRIL 21, 2022
This article is not intended to poke fun at people that suffer from different illnesses. Is the condition of the neighbor’s property having an impact on the safety or soundness of the properties around it, or is it just an eye-sore? What if the neighbor’s home in poor condition, was purchased and then renovated?
Simonson Real Estate
SEPTEMBER 16, 2021
The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of a real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. As appraisers’ we assemble facts, statistics, and other information on a specific property.
Cleveland Appraisal Blog
NOVEMBER 11, 2021
I have written several articles demonstrating the inaccuracy of AVMs like Zillow’s Zestimates. ” I wonder what would have happened if they had hired appraisers to appraise the homes they were buying, and relied upon a professional real property appraisers’ opinion of value when making their decisions?
Property Metrics
MAY 28, 2021
The real estate term for this type of risk is “obsolescence” and there are three types that CRE investors should be aware of. Functional Obsolescence is the impairment of a real property’s functional capacity due to changes in market tastes and/or standards. Functional Obsolescence.
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. Lenders, what’s in it for you?
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