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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. They are also used to assess the value of the home for home improvement loans and insurance evaluations. What is a Home Appraisal and Why is it Important?

Appraisal 105
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The Pros and Cons of Buying a House

PennyMac

Buyer builds equity in the home. Mortgage interest and property taxes may be tax deductible. Property taxes and HOA fees are the buyer’s responsibility. Buyer has full control over home improvements and upgrades. Buyer incurs any maintenance and repair cost.

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Zillow Estimates vs. Appraisals: Why Zillow Shouldn’t Be Used for Appraisals

AmeriMac

They’ll physically inspect the property and look at a wide range of different characteristics. These include not only the condition of both the inside and the outside of the house, but also the amount of land it sits on, certain home improvements that have been made since the time of the last sale and more.

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Does Adding an In-Law Suite Pay Off?

Empire Appraisal Group

If you’re building an ADU primarily for the extra income, recognize that any rent you charge could be at least partially offset by increased costs, such as higher property taxes , larger homeowners insurance premiums and payments on loans used to construct the unit, among other expenses.

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Buying a Vacation Home: 4 Critical Factors & Expert Advice

PennyMac

That is, until your home renovation projects start to go down the toilet (or worse, the toilet starts falling through the floor). Buying a vacation home? Here’s how to know if the property you’re considering is a great investment, or just a great way to empty your wallet.

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What Is a USDA Loan and How Do I Apply?

Assurance Financial

If you prefer rural living over city life, a program from the United States Department of Agriculture (USDA) can help you buy a home. Every year, the USDA uses its Rural Development program to invest about $20 billion in helping families across the United States buy and improve their homes.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

They have also been spending oodles of money to shape their residences to meet new living needs – modern and spacious, when possible – as households live in their homes for longer. Owners are investing about $475B ( yes, billion! annually in home improvements across the U.S., Property taxes are steep at $60K a year.