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44 New Home Improvement and Renovation Statistics for 2022

Raleigh Realty

That’s why we’re rounding out some top home renovation statistics so you know what to expect from your next home improvement project. We’re covering home improvement, renovation, and remodeling topics so you’ve got all the information you need for your next project. billion in the United States by the end of 2022.

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Home Improvements: What counts towards the appraisal?

Padove Appraisal Service

I am often asked which home improvements “count” towards the appraised value of a house. Many people envision a list of improved items with predetermined relevancy, along with a specific dollar value assigned to each of those items. Using this method, the appraiser examines recent sales of similar homes in the neighborhood.

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Home Improvement Cost vs. Value: Is Your Project Worth the Money?

PennyMac

Equity is the difference between your home's current market value and the amount you owe on your mortgage. A home upgrade that doesn’t fully pay for itself dollar-for-dollar in terms of increased home value may still boost your home’s overall market value, thereby increasing your equity.

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What to Expect Undertaking These 4 Common Home Projects

Cleveland Appraisal Blog

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. Familiarizing yourself with these renovations will give you a great start in mapping out your home improvement strategy.

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With low inventory, house hunters are in full safari mode

Housing Wire

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. The perplexing part: Why are home prices not declining in this environment? Just because there’s vacant homes in the U.S.

Inventory 445
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Reviving and Refreshing Your Cleveland Home, even with the Pandemic

Cleveland Appraisal Blog

The situation meant that people were spending far more time in their Cleveland homes. If you want to move forward with home improvements during the pandemic, here are some options that can breathe new life into your house. Stagnant air can make any home feel stale. Many modern homes feature open floor plans.

Appraisal 195
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What Impact Do Renovations Have on Appraisal Value?

Birmingham Appraisal

Home Renovations and Appraisal Value As an appraiser, I get asked about how much value will be added for different types of home projects or renovations. The scope of work includes the materials of construction as well as the changes that will be made to a house. Updates or Renovations?