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How to Set a Home Renovation Budget

Zillow

Even if you’re ready for a kitchen renovation or anxious for a bathroom remodel, figuring out how to plan a home renovation that doesn’t break the bank can be tricky. For example, a kitchen generally accounts for 10 to 15 percent of the property value, so spend no more than this on kitchen renovation costs.

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Tools To Support Appraisal Adjustments

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on Geographic Data and Comps, effect of renovation on value, very low foreclosures now, current real estate market, unusual homes, mortgage origination stats, etc. = = $99.5M I’m always looking for something new = What Impact Do Renovations Have on Appraisal Value?

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7 Common Mistakes Sellers Should Avoid During a Real Estate Appraisal

Birmingham Appraisal

These mistakes can significantly impact the value of a property and even lead to an appraisal being lower than the contract price. Sellers should be transparent about any issues with the property, such as previous damage, repairs, or renovations.

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How to Communicate Effectively with a Real Estate Appraiser in the Appraisal Process

Boston Appraisal

You should also disclose any special circumstances or contingencies that may affect the value of the property, such as repairs, renovations, easements, or encroachments. Appraisals are needed for a range of reasons, such as a property purchase, or a refinance, divorces, estate settlements, or tax purposes, etc.

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Don’t Fall For These 6 Real Estate Scams

McKissock

Hasty changes to terms and conditions of the housing contract. Sellers are often on a time crunch to get properties locked into a contract, which leaves little time to properly deal with the unexpected. Overselling a recently renovated area of the house. The presentation of decisions as having strict deadlines. Loan fraud.

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Why Appraisal Workfiles Are Important

Appraisal Today

Particularly when speaking about the workfile, for my money, the most dangerous words in USPAP are “or references to the location(s) of such other data, information, and documentation.” It is also located in the Historic Preservation District, so any proposed renovations would have to be approved.” percent from 6.93 percent from 7.14

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How to Avoid Scams as a New Homeowner

Eppraisal

    Contractor Con Artists Each state has its own laws, but contractors must provide proof of licensure and insurance before starting home renovations. Hiring an unlicensed and uninsured contractor is a liability and could decrease your home's value.  Other

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