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Renovations That Increase Home Value in BC: Our Top 8 Picks

D Fritz Appraisals

Major Home Renovations & Home Appraisals: What You Should Know Are you planning house renovations and want to know the best home improvement investments? Or maybe you are planning to sell your house and are wondering about renovations that increase home value the most.

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Easy Ways to Increase Your Home's Value

Eppraisal

You don't need a whole renovation — simple changes like replacing worn-out tiles, updating the vanity or adding new faucets can freshen up the space and bring a "return on investment"  of over 70%. Updating the baseboards, crown molding and trim can add an extra touch of elegance to your home.

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Inflation's Impact on the Housing Market

Eppraisal

Just as inflation drives up the value of lumber, light bulbs, potatoes, chicken and women's shoes, it boosts home values in the same way. For instance, and for simplicity, if there are 30 identical houses and $600 in circulation, each property would be priced at $20. Proceeds from the sale are that much higher.

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How to Price Your Home for the Current Market

Eppraisal

Knowing how to price your home correctly isn’t rocket science, but it’s still tricky.    Property Valuation Your home value is the primary determiner of your asking price. Online Home Value Estimation Informal home appraisal tools can give you ballpark estimates of how much your property is worth.

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make.

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Pros and Cons to Selling a House As Is

PennyMac

This is especially true if home sellers are trying to move quickly or are hoping to avoid costly renovations. That’s why homeowners sometimes choose to sell and advertise their houses as is. Sell fast If you want to get more equity from your home without putting in a ton of effort, it's possible to just sell it as is.

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How Depreciation Works

Cleveland Appraisal Blog

Physical depreciation is the most common cause of loss of value. All homes, that are not new, suffer from physical depreciation, because all homes are only new once. Even if they are completely renovated, they are still not considered to be new. As a home ages, it begins to deteriorate. FUNCTIONAL DEPRECIATION.