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Is Your Home Fully Insured Against Loss or Damage?

Will Springer Realtor

How do you know if your home has enough insurance coverage? About six in 10 homeowners are insufficiently insured, according to CoreLogic, a property data research firm. That’s roughly 51M homeowners currently underinsured, and CoreLogic estimates homes are insured at about 73% of the actual property value.

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Opinion: why we all have a stake in closing the homeownership gap

Housing Wire

The program helped a generation of Americans purchase their first home, however, due to a government policy known as “red-lining,” banks were effectively prohibited from issuing FHA-insured loans in neighborhoods that were predominantly Black or Hispanic. GDP, roughly $3 trillion.

Legal 341
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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?

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The Reality of Major Home Renovations

Eppraisal

You’re Partly Responsible for Equipment Safety You’ll likely have construction equipment on your property during a major renovation. Keep in mind this doesn't necessarily mean you’re liable, especially if the contractor has the relevant insurance. Another critical consideration is your neighbors.

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How Remaining Economic Life Works

Cleveland Appraisal Blog

They all have done their studies and have provided their analysis of what their data reflects the total economic life of a home to be based upon its quality of construction. One observation I have made is that different cost data services may vary a little in their analysis of what the total economic life of a home is.

Appraisal 365
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Does Adding an In-Law Suite Pay Off?

Empire Appraisal Group

Constructing an ADU could increase your property value while providing rental income or extra living space for a family member. As with any home improvement project, there’s no guarantee you’ll get your money back from an ADU when you’re ready to sell the home, Bishop says. Tempted to skip the permits?

Law 78
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Can I Take Out a Loan to Remodel My Home?

Assurance Financial

Depending on the extent and cost of your home improvement goals, you might need to take out a loan for renovations. A home renovation loan is most likely not going to be the same as your mortgage. Learn more about loan options for remodeling your home to see which one will work for you. Construction Loan.