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Biden to call for first-time homebuyer tax credit, construction of 2 million homes

Housing Wire

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. The White House estimates that this “will raise an additional $3.79

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DataDigest: Will work for housing

Housing Wire

As a result, districts across the country, including in Colorado , have decided to partner with – or even become – homebuilders and landlords. million over that period to acquire 52 units and renovate several of its 50 existing units. million bond to purchase property to construct affordable housing for teachers and staff.

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Inflation's Impact on the Housing Market

Eppraisal

Yet swelling house prices go far beyond new construction and that is good news for the owners of existing homes. However, inflation takes a toll on the price of renovations, a variable that will very well influence the bottom line. Not to be forgotten are property taxes, which will also rise in tandem with values.

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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started.

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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

Leased Fee Interest – Defined as the ownership interest held by the landlord, which includes the right to receive the contract rent specified in the lease plus the reversionary right when the lease expires. New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc.

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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

Make Predictable Monthly Payments When you're a renter, you're at the mercy of a landlord. You'll need to do some renovations. These homes aren't exactly new construction, but they are a steal. When your home value goes up and you start paying off the loan's principal balance, that builds equity.

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Yield on Cost: A Beginner’s Guide

Property Metrics

The development spread tells you how much additional return you are earning in exchange for taking on all of the risk of construction and development. Finally, we’ll take a look at how to calculate the yield on cost for specific construction or renovation projects. Yield on Cost Calculation: Development Example.