Cleveland Appraisal Blog

DECEMBER 24, 2022

Are you planning on renovating your home? What to Expect When Undertaking These 4 Common Home Renovation Projects. When home improvement gives way to major renovations, the implications can be more impactful than you might realize. The kitchen is a focal point for just about every homeowner and prospective buyer.

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Housing Wire

JUNE 8, 2021

With tightened housing stock supply, the competition for home buyers is fierce this year. The average home age in the United States is about 40 years old, so there’s a huge stock of homes that need to be renovated.”. Given the rising price of lumber and other construction costs, renovations may sound impractical.

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Housing Wire

JULY 17, 2023

This transformative technology has opened up a new world of possibilities, empowering agents and captivating potential buyers like never before. These immersive experiences enable prospective buyers to explore properties in three dimensions from the comfort of their homes.

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Housing Wire

JULY 30, 2021

And with today’s low interest rates, buyers have been rushing to purchase what’s available. If you’re a buyer, you want to make sure you’re purchasing a home that’ll increase in value. By investing money into your property through renovations and upgrades, you increase the home’s price tag.

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Housing Wire

NOVEMBER 25, 2020

Following extensive renovations that took nearly a year to complete, the property was resold to an owner-occupant buyer in July 2020. The data shows 30% of all properties purchased via online REO auction in Allen County were to out-of-state buyers, ranking 36th highest among 198 U.S. 60%); Richmond County/Augusta, Ga. (56%);

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Housing Wire

JULY 23, 2021

Competition for home buyers is tougher than ever right now, as tightened housing stock supply continues to plague the housing market. Acra’s jumbo prime mortgage solution is designed to provide borrowers with the larger loan amounts needed to purchase a high-value property, with loan amounts up to $3 million. 3-month bank statement.

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PennyMac

JULY 21, 2021

Kitchen and bathroom updates are some of the first ideas that usually come to mind, but you can get great returns from making outdoor renovations and improvements. We talked to real estate and renovation experts to gather their tips and insights on renovation projects for your home’s exterior living space. Mitchell J.

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D Fritz Appraisals

MARCH 4, 2024

Essential Landscaping Tips and Tricks Details such as landscaping designs and quality craftsmanship in a home can make a dramatic first impression on prospective home buyers. Join us as we cover 5 standout landscaping tips and backyard landscaping designs to increase your home’s appeal (and value!) Fritz Appraisals Inc.

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Housing Wire

FEBRUARY 8, 2024

Both buyers and sellers value the combined benefits of his individual talents along with membership in one of the most respected real estate firms in New York City. Accreditations and designations Highlight your professional credentials and any special designations you’ve earned. Jane Doe specializes in luxury markets.”

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Housing Wire

APRIL 22, 2024

I can also provide expert advice about renovations and the potential return on investment — where to get the biggest bang for your buck — or simply answer any questions you have about the market. With Wise Pelican, you can try both — it’s a fantastic resource for beautifully designed postcards and letters.

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Housing Wire

JULY 6, 2023

One source of added inventory is the fix and flip industry , which is expected to acquire and renovate some 350,000 homes in 2023, according to Kurt Carlton, president of New Western , a private real estate investment marketplace. fix-and-flippers] who are willing to sell to a first-time buyer,” he said.

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Housing Wire

JANUARY 26, 2021

Inspections, on the other hand, are designed to assess the condition of the home, and they’re 100% optional for the buyer. While it can certainly be tempting — especially with the high costs most buyers already face — it’s usually a grave mistake (and sometimes a costly one, too). How long will its current roof last?

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Housing Wire

SEPTEMBER 24, 2021

They come with lots of hassle and overhead costs, and the process just isn’t efficient — for the buyer or for the lender. The company has created a new vertical of loans and an entirely new LOS designed just for borrowers looking to purchase a home and renovate it to put back on the market.

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Housing Wire

FEBRUARY 8, 2022

In 2021, McCormick resold two renovated properties that she originally purchased at foreclosure sale on Auction.com in her hometown of Dayton, Ohio. Both properties sold to owner-occupant buyers for under $150,000 apiece. “I Owner-occupants purchased renovated foreclosures for an average price of $261,543 in 2020 and 2021 combined.

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Movoto

JANUARY 27, 2022

A gut renovation is a great way to get exactly what you want when you buy a home. Here are some curveballs to expect when you do a gut renovation. . With a realistic budget, preparation, and a lot of patience, a gut renovation will be worth it when you get your custom home designed specifically for you. Outdated wiring.

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Lamacchia Realty

APRIL 17, 2024

Potential home buyers may be looking for that extra bit of charm that wood floors offer. 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. Hardwood Floors Offer Design Versatility Certain home features can make or break it for home buyers.

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McKissock

APRIL 28, 2021

It makes sense, but it can make the real estate process even tougher for buyers. Here’s how to handle emotional buyers like the pro that you are. As of 2020, a whopping 88% of home buyers relied on the help of a real estate agent to get them through the process. Kitchens can be renovated and landscaping redone.

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D Fritz Appraisals

MAY 13, 2024

Whether selling a cozy condo in the heart of downtown or a sprawling estate in the countryside, having a checklist to sell a house is essential to organizing yourself, maximizing your home’s value, and appealing to potential buyers. Selling a home can be exciting and daunting, but with the proper guidance and preparation (i.e.

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Zillow

JUNE 10, 2019

In today's market, many buyers forego fixer-uppers for move-in ready homes. That said, I often recommend that buyers live in a new home for a while before undertaking any major remodeling or pricey home improvements. I've seen buyers jump through hoops, spending months on end looking for a home. You need time to plan.

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Lamacchia Realty

APRIL 10, 2024

Some buyers do not want to deal with the added maintenance and costs involved with owning a pool and may be deterred from submitted an offer on the home. In-Law Apartments How this can Increase Value: A well updated and cohesive In-law apartment is very attractive to buyers who are looking for one.

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Appraisal Buzz

APRIL 11, 2022

Here are some buyer relocation trends to watch out for in 2022’s hectic real estate market. Many millennial and Gen-Z first-time buyers look for second homes before investing in a full-time primary residence. Affordability remains an issue for younger buyers who haven’t yet saved enough money. More Second Home Purchases.

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Lamacchia Realty

JANUARY 2, 2023

Upgrade the Finishes in Your Home Little upgrades may influence buyers more than extensive changes. This aesthetic impact will affect evaluators of homes as well as prospective buyers. Renovate Your Bathroom and Kitchen The best approach to add value to your home on a renovation budget is to renovate the bathroom and kitchen.

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Cleveland Appraisal Blog

DECEMBER 10, 2022

I can tell you that some buyers will certainly agree with these points! 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. Potential buyers may be put off by a home that is carpeted from floor to ceiling.

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Eppraisal

JANUARY 9, 2024

Modernize with cutting-edge appliances, redefine surfaces with sleek countertops, and introduce cabinetry that seamlessly blends contemporary design with practicality. A kitchen that transcends time not only enhances your daily living but also resonates with potential buyers.

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Eppraisal

APRIL 19, 2024

Having traditional lights can turn off green-minded buyers.  LED Go with a design that appeals to the majority instead of choosing based on your personal preferences. A new set of hardware can make your interior spaces look better in photographs and attract buyers wanting to avoid any renovation.

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Cleveland Appraisal Blog

APRIL 29, 2021

Any repairs that can be made without requiring an extensive renovation should be made, it’s a great move to ensure a higher value. It also makes it more likely that appraisers and buyers overlook or do not notice previous damage. What Buyers Look For. That will show potential buyers the potential of the space. Smart tech.

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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. It depends.

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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?

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Lamacchia Realty

AUGUST 12, 2021

By making updates, the buyer is able to meet or exceed current market standards and build equity in their property faster. Before purchasing a fixer-upper, consider the following: Structural Work – Structural work tends to be the most expensive cost associated with buying and renovating a fixer-upper. Traveling a lot?

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Eppraisal

APRIL 5, 2024

While it may be tempting to aim for the highest possible price, overpricing can deter potential buyers and prolong the selling process. Simple enhancements such as landscaping, fresh paint, and decluttering can make a world of difference in attracting potential buyers and commanding higher offers.

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Eppraisal

NOVEMBER 21, 2023

Curb Appeal Overhaul: First Impressions Matter Your home's exterior is the first thing potential buyers see, and a strong first impression can significantly impact their perception and willingness to explore further. Energy-efficient appliances not only appeal to eco-conscious buyers but also contribute to long-term cost savings.

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Home Improvement Home Value Modernization Investing 68

Hank Miller Team

OCTOBER 28, 2021

Sellers hit unexpected jackpots but not all need or want to become buyers. The best improvements are valued by both the owner and the market (the buyers), and in our sales and appraisal experience, those below tend to be well received. Design and consistency is key, everything needs to flow and work together. Their concerns?

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Will Springer Realtor

OCTOBER 17, 2023

Whether you’re looking in Belltown or Bellevue, Bothell or Burien, buyers need to save up a whole lot of money before seriously considering a first-time home purchase. There are programs established by state and local governments that provide buyers – mostly first-timers – with assistance to make a down payment or meet closing costs.

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Raleigh Realty

AUGUST 19, 2022

79 percent of millennials are first-time home buyers. As a result, finding a trustworthy agent is extremely important to millennial buyers because they are new to home buying. 67 percent of millennial home buyers would put an offer on a home in need of a full or partial renovation. They embrace the fixer-upper.

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Real Estate Agent Real Estate Agents Buyers 78

Berkshire Hathaway

DECEMBER 9, 2021

If you’ve been living in the house for years, you may no longer notice little problems—but buyers will spot them right away. A door that squeaks, a broken doorbell, or a little crack in the window will all send up red flags to potential buyers, no matter how nicely you’ve arranged the furniture. Neglected Repairs. Phony Props.

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McKissock

DECEMBER 21, 2021

Choose a professional designer to prepare the brochure to maximize the features of the home – the difference is astounding. Firstly, they appeal to a very extensive network of potential affluent buyers as well as marketing strategies that can connect locally, nationally, and even globally. Real Marketing provides just such a service.

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Boston Appraisal

NOVEMBER 6, 2020

The home had been recently renovated and was in great condition. The primary reason appraisals differ is because, in reality, real estate appraisals are designed to provide a range of value rather than one set price. buyer needing to sell their house first); but generally speaking, all the offers should be within 10% of each other.

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