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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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“Human infrastructure” is about jobs and housing

Housing Wire

That’s the case, even though construction work was designated essential from the pandemic’s outset. It’s revitalization that’s changing the neighborhood, the lives of its residents and the workers performing the construction. This multiyear project goes beyond renovation. Lesson two: Housing.

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

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. Local amenities – how close is the home to hospitals, schools, shops and public transport corridors? Mortgage financing and refinancing.

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7 Top Tips for a Great Home Appraisal: A Checklist to Prepare Your Property

PennyMac

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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Eleven Types of Risk in Commercial Real Estate

Property Metrics

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. Any time a property undergoes construction, there is an additional source of risk to the property owner. Space Market Risk.

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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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8 Sustainability Trends Driving Commercial Real Estate for Earth Day

The Robert Weiler Company

Upgrades to existing buildings brought an even bigger reduction in operating costs globally, with green renovations at 11.5% Construction of new green buildings and green renovation or retrofit projects increase the asset value of buildings by upwards of 9%. reduction in operating costs in the first year and a 16.9%