Chicagoland Appraisal Blog

MAY 13, 2021

And that means you can actually impact your home’s value by making renovations that are likely to increase its marketability and value in the real estate market. . To begin the process of having your home appraised, you’ll need to select an appraiser and schedule their inspection. Year of construction. Condition of landscape.

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Appraisal Renovations Home Value Real Estate 88

McKissock

JANUARY 31, 2023

” “There is a lot of research and number crunching to do, so asking for a value at time of inspection is a no go.” ” “When to use new construction or remodeled construction as a comparable.” Educate yourselves on construction details and styles of homes. Exaggerating isn’t cool.

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Real Estate Agent Real Estate Agents Appraisal 97

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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Home Improvement Renovations Investing Inspection 36

D Fritz Appraisals

OCTOBER 11, 2022

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Home appraisals are not just for when someone is buying or selling a home for themselves however, they are also important for: New construction loans. Renovation loan assessments.

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Appraisal Inspection Property Taxes Easement 106

Eppraisal

FEBRUARY 20, 2024

Their solid construction and intricate wooden accents showcase the commitment of the initial builders.  Consider consulting professionals like contractors or structural engineers to assess your home's foundation and frame before undertaking significant renovations or additions.

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Architecture Inspection Renovations Modernization 36

Will Springer Realtor

APRIL 23, 2024

Many experts in the construction business suggest the Home Energy Rating System index is most relevant to today’s consumers, including home buyers and sellers. Since wood is one of the primary materials in home construction, certifications for companies at the source can be important to our sustainability mission and the wishes of consumers.

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Boston Appraisal

DECEMBER 11, 2023

You should also disclose any special circumstances or contingencies that may affect the value of the property, such as repairs, renovations, easements, or encroachments. You should also be aware of any additional charges or expenses that may arise during the appraisal process, such as travel, inspection, research, or review fees.

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Appraisal Process Real Estate Appraisal Easement 78

Will Springer Realtor

JULY 9, 2021

The Seattle Asian Art Museum underwent a 3-year major renovation and had only been opened a few short weeks in 2020 when it was shut by the pandemic. 3 I had the good fortune to hear Andrea Bocelli in person at the old KeyArena just before it closed for its massive renovation. Learn more about pod seating and other attendance rules.

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Renovations Inspection Buyers Construction 36

PennyMac

OCTOBER 10, 2023

Home improvements and renovations. This can include anything from the central air system you installed 10 years ago to the kitchen flooring and countertops you just renovated (along with the new oven and fridge to match, of course). An appraiser will also evaluate your home's foundation and its condition.

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Appraisal Real Estate Agent Renovations Home Value 69

Housing Wire

MAY 12, 2021

And for those who still want to build a home from scratch, rising construction costs , limited lot sizes, and excessive red tape can make the process seem insurmountable. Considering how much construction technology, materials, and techniques have evolved, building a new home should be far simpler than it is. Opportunities to innovate.

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Construction Logistics Technology Real Estate 454

Housing Wire

JANUARY 19, 2022

The option is not available for second homes, investment properties, cash-out refinances, construction loans, multi-unit properties, renovation loans, condos, co-ops or manufactured homes. Lenders leapt at the opportunity to conduct appraisals remotely, especially in the northeastern part of the country.

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Appraisal Inspection Appraisal Process Property Taxes 417

Property Metrics

AUGUST 13, 2020

Construction Risk. Any time a property undergoes construction, there is an additional source of risk to the property owner. Construction risk applies whether there is a new development or a significant renovation. This unexpected change in demand conditions is space market risk and uniquely impacts real estate assets.

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Real Estate Tenants Investing Construction 53

Zillow

SEPTEMBER 24, 2016

Potential seller disclosures range from knowledge of leaky windows to work done without the benefit of a permit, to information about a major construction or development project nearby. Previous improvements, renovations or upgrades done by sellers are typical disclosures, as well as whether work was done with or without permits.

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Real Estate Inspection Sellers Buyers 36

Houston Properties

MAY 6, 2020

Sell My Houston House: Top 20 Home Renovations That Raise The Value Of Your Home. Getting your Houston home ready to look impactful for listing photos requires different levels of home improvement and renovation , depending on the state of your property. Tips For Selling Your Home Fast: Top 10 Home Staging Ideas To Increase Home Value.

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Renovations Realtors Sellers Home Improvement 66

The Robert Weiler Company

MAY 18, 2022

All expenses associated with the commercial property should be included, such as repairs and renovations, commercial real estate loans and interest rates, and costs associated with selling commercial real estate (e.g., Any construction, upkeep or upgrades, and structural enhancements should have receipts and before and after photos.

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Real Estate Tenants Retail Investing 148

Patch of Land

JANUARY 22, 2020

Jason Lambert, NARI: Pay attention to building codes and best practices even if you’re not pulling a permit or having the project inspected. Renewal Construction: Where there is a bathroom there is water and if that water makes its way below tile flooring and showers, it can cause a lot of damage (and cost a lot of extra money)!

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Construction Design Training Renovations 39

AmeriMac

APRIL 30, 2024

It begins with an inspection of the subject property, where the licensed commercial real estate appraiser assesses the condition, size, and features of the property. After the inspection, the appraiser analyzes the data and prepares an appraisal report. The condition of the property is another important factor.

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Appraisal Appraisal Process Valuation Real Estate 36

Housing Wire

JUNE 21, 2022

Selling a home typically involves nearly 10% in transaction fees between real estate agents , title companies, inspections, and other expenses. Instead, we prefer a “certified” pre-owned car that has gone through a multi-point inspection with all of the preventative maintenance up to date. There’s an even more subtle consideration.

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Investors Renovations Inspection Government 407

The Robert Weiler Company

OCTOBER 21, 2022

In general, the full cycle of the commercial real estate appraisal process can take several days to weeks, when you factor in the inspection and subsequent investigative work. Cost approach : Essentially, this technique equates the property value to the cost of constructing a replica. Recent comparable sales. Current market trends.

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Real Estate Appraisal Property Appraisal Valuation 60

Lifestyle Properties of Maine

AUGUST 6, 2019

Some people confuse a real estate appraisal with a home inspection. An inspection an investigation of a home by a licensed inspector. The object of an inspection would be to determine any material defects or necessary repairs that need to be made prior to the closing. An appraisal is seeking value.

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Real Estate Appraisal Inspection Contracts 28

DW Slater Company

FEBRUARY 24, 2022

Some of the current new tools and technology that I am aware of that assist with Desktops and Hybrids are: RemoteVal- This tool is a free app from Incenter that allows the appraiser and homeowner to inspect, view, measure, and take pictures of a property remotely. InsideMaps – A tool that provides mapping, sketches, and tours of homes.

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Tools Inspection Appraisal Technology 149

Housing Wire

OCTOBER 10, 2023

However, it may be helpful to add short descriptions like “renovated” or “XL terrace” to show unique features of the properties you’ve included in a “Notes” section at the end of your CMA report. Select active listings comps Choose active listings near to the subject property. They are more appropriate for an appraisal.

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Marketing Real Estate Agent Clients Tools 407

Raleigh Realty

MARCH 29, 2021

With everything from securing a loan to dealing with the home inspection, a home buyer has a lot to handle. During due diligence, you'll need to hire someone to do a property inspection and appraisal. You'll need to do some renovations. These homes aren't exactly new construction, but they are a steal.

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Government Real Estate Agent Insurance Property Taxes 148

Housing Wire

APRIL 27, 2023

The lawsuit claims further that the company “ignored permitting laws to avoid fees and increased taxes as well as to get renovated homes on the rental market as soon as possible.” Invitation Homes (IH) spent about $25,000 on renovations per home for its California SFR portfolio, pleadings in the lawsuit state.

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Renovations Investing Real Estate Marketing 381

Houston Properties

MAY 24, 2021

If you want your Memorial Villages home looking brand new and ready to compete with any home on the market, let us help you prepare with the best home renovations and home improvement plans. Bear in mind the factors that may determine the type of renovations that is best for your property. Under $500. Under $5000. Above $5000.

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Realtors Sellers Valuation Renovations 36

Houston Properties

JULY 21, 2022

Similar to Houston’s most affluent neighborhoods, developers renovated many of Royden Oaks homes and replaced them with newer and larger properties. Royden Oaks homes for sale are a mix of elegant ranch-style homes and new construction two-story residences. collective time and experience of members. lower risk for mistakes.

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Real Estate Agent Real Estate Realtors Agents 36

Houston Properties

JULY 19, 2022

Their interiors have been renovated and equipped with modern furnishing to suit today’s fast-paced lifestyle. For those who want to live in more modern-looking homes, Sandalwood also has fully-furnished townhomes constructed no longer than a decade ago. The home façade reflects the period when these houses were built.

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Real Estate Agent Real Estate Realtors Agents 36

Assurance Financial

SEPTEMBER 28, 2021

Buying new construction is slightly different from buying an existing home in another way. The rules for loans and financing for new home construction aren’t exactly the same as they are for buying homes that already stand. FAQs About Home Construction Loans. Curious about the process of getting a construction loan?

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Construction Finance Insurance Government 36

Boston Appraisal

FEBRUARY 2, 2023

Everything from the number of bedrooms to the quality of the construction. This is because construction rules frequently require at least a 7-foot ceiling height for spaces to be considered usable and livable. In most cases, the process of obtaining the GLA requires appraisers to inspect and measure a subject property.

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Inspection Law Real Estate Agent Appraisal 78

Boston Appraisal

FEBRUARY 2, 2023

Everything from the number of bedrooms to the quality of the construction. This is because construction rules frequently require at least a 7-foot ceiling height for spaces to be considered usable and livable. In most cases, the process of obtaining the GLA requires appraisers to inspect and measure a subject property.

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Inspection Law Real Estate Agent Appraisal 78

DW Slater Company

FEBRUARY 24, 2022

Some of the current new tools and technology that I am aware of that assist with Desktops and Hybrids are: RemoteVal- This tool is a free app from Incenter that allows the appraiser and homeowner to inspect, view, measure, and take pictures of a property remotely. InsideMaps – A tool that provides mapping, sketches, and tours of homes.

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Tools Inspection Appraisal Technology 78

Clear Capital

MARCH 4, 2022

A desktop appraisal , also known as an appraisal without an onsite inspection, is a faster way to complete an appraisal for a home loan. In traditional appraisals, an appraiser visits the property to complete an inspection to collect property data to assist in determining the home’s value. What is a desktop appraisal?

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Valuation Appraisal Inspection Appraisal Process 69

Realvals

JUNE 18, 2023

Renovating a Home If you are planning to renovate your home, getting an appraisal beforehand is a smart move. An appraisal will show you the current value of your property, but can even show you the value once completing the renovation, if requested. While not completely necessary, it can help you in a one valuable way.

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Appraisal Property Taxes Real Estate Market Value 145

Appraisal Today

MAY 26, 2023

Cosmetic repairs Examples MPR repairs Examples Conditions that require inspection Examples To read more, click here My comments: If you do FHA appraisals, read this blog post. A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse. Remember, we rarely get to inspect comparables.

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Easement Contracts Appraisal Inspection 52

Houston Properties

JULY 18, 2022

Older properties have been renovated and updated. Some have since been replaced with new construction homes. efficient multi-tasking; one agent takes care of inspections and repair work, while another agent focuses on administrative details. Like most Houston neighborhoods, new development is reshaping River Oaks.

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Real Estate Agent Real Estate Realtors Agents 36

Houston Properties

JANUARY 13, 2021

We also believe that there’s going to be strong appreciation for homes with the following characteristics: New / recently renovated to look “like HGTV;”. Typically, new construction homes come with a higher purchase premium, and repair and maintenance require too much investment. How Is My Neighborhood Doing? Buyers Beware?

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Housing Market Marketing Real Estate Realtors 68

Houston Properties

JULY 20, 2022

The neighborhood features renovated vintage and recently constructed homes. Recent constructions have added luxurious two- and three-story homes with the Mediterranean, French, Spanish, and traditional architecture. Newly constructed homes typically go from $1M to $3M. The Best Houston Realtor to Sell Your Home.

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