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Residential construction jobs now 7.6% above pre-COVID level

Housing Wire

After a month of very little change in April , the construction sector had a solid month of job growth in May, according to the U.S. Construction gained 36,000 jobs in May, with residential building adding 5,000 jobs and residential specialty trade contractors gain 11,700 jobs. The post Residential construction jobs now 7.6%

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Decoding a Commercial Appraisal: Insider Insights

AmeriMac

Next, the appraiser will gather relevant information about the property, such as property records, tax assessments, and any available documentation on recent improvements or renovations. The surrounding area, access to transportation and amenities, and potential zoning changes that may affect the property’s value are all considered.

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Eleven Types of Risk in Commercial Real Estate

Property Metrics

What is a prime location for office and retail space today may be empty 20 years from now. Changes in city growth or transportation patterns or reductions in public goods and services can all negatively impact the desirability and value of a particular property. Construction Risk.

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The “Science” Behind Residential vs. Commercial Real Estate Appraisal

The Robert Weiler Company

It could take the form of mixed-use real estate, an apartment building, office building, shopping center or retail building, industrial property for sale, and more. Cost of construction and materials. The client could be an individual or company looking to invest in real estate. Their purchase will ultimately be income-generating.

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

On the other hand, the four restaurant workers would still need to spend monthly payments for rent, food, transportation, and insurance. We also believe that there’s going to be strong appreciation for homes with the following characteristics: New / recently renovated to look “like HGTV;”. How Is My Neighborhood Doing? Buyers Beware?

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Seattle’s Storied History With the Craftsman Home 

Will Springer Realtor

His magazine included architectural plans to build Craftsmans – all you needed were the materials, which could be sourced locally or through so-called kit homes from retailers Sears, Roebuck and Co., Though it went through extensive renovations in 2016, the home still stands today.). Montgomery Ward Co. and many others.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Census data suggest that more than 2M additional homes will reach their “prime remodel” years through 2027 – a time when homes tend to undergo their first major kitchen and bath renovations. such renovations to these homes (between 20 and 39 years old), with about 200,000 of those projects running north of $25K each.