Remove Design Remove Inventory Remove Modernization Remove Renovations
article thumbnail

How one lender is solving problems in the fix-and-flip space

Housing Wire

To make matters worse, some of that inventory is extremely dated. The typical house is now 39 years old — a far cry from the modern, move-in ready property that most homebuyers are looking for. For these reasons, the fix-and-flip sector is poised for growth.

Lending 358
article thumbnail

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?

Tools 64
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Sell Your House Fast in Chicago with Targeted Updates and Spot-on Pricing

Chicagoland Appraisal Blog

Last year was a tough market, and the only properties that were moving were the ones that were renovated,” she says. According to Chicago-based designer and builder Sebring , quartz is still the top choice, followed by granite and marble. Sebring is seeing a surge in industrial-style sinks and vanities in Chicago bathroom renovations.

article thumbnail

Will Springer Realtor - Untitled Article

Will Springer Realtor

months of inventory. Inventories across the county for all home types now stand at 2.2 Single-family inventory is unchanged from October at 2.1 Exclusive neighborhoods such as Medina and Mercer Island have roughly 4 months of single-family inventory. A little more than a third of inventory is under contract.

article thumbnail

Appraising Historical Homes

Appraisal Today

She designed more than 700 buildings in California during a long and prolific career. I appraised many of them, but never noticed any effect, plus or minus, for historic designation. Please contribute to an appraiser who is fighting back! == This design in a suburban location has been well-preserved in Worthington, Ohio.

article thumbnail

FHA: Cosmetic vs. MPR Repairs

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse.

article thumbnail

HOUSING ‘TRIFECT’ PUTTING SQUEEZE ON BUYERS

Will Springer Realtor

First, let’s set the scene: Housing inventory is shrinking year to year in most parts of the country and there are no signs of significant replenishment over the horizon. Others are specializing in the design and construction of accessory dwelling units (ADUs) as detached backyard homes (also known as “ mother-in-laws ”). Pittsburgh).

Buyers 36