Appraisal Today

MAY 17, 2024

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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Housing Wire

APRIL 22, 2024

I can also provide expert advice about renovations and the potential return on investment — where to get the biggest bang for your buck — or simply answer any questions you have about the market. With Wise Pelican, you can try both — it’s a fantastic resource for beautifully designed postcards and letters.

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Housing Wire

MARCH 7, 2024

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. This would act as an equivalent to reducing the mortgage rate by more than 1.5%

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Cleveland Appraisal Blog

APRIL 29, 2021

Any repairs that can be made without requiring an extensive renovation should be made, it’s a great move to ensure a higher value. However, adding a bathroom to your floorplan is one of the pricier renovation projects you can undergo, so it may not be within everyone’s budget. Photo by Collov Home Design on Unsplash.

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Appraisal Buzz

APRIL 11, 2022

Millennials Still Prefer Renovating. Although the Sun Belt has seen impressive growth, the homeowning population as a whole would rather renovate than relocate. Millennial homeowners led the way, with 75% of them renovating between 2020 and 2022. Inventory Shortage Won’t Be Solved. Greater Demand for More Space.

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Cornerstone

JUNE 8, 2021

Homeowners aren’t sure if they’ll need to renovate to receive a competitive offer. Since inventory is so tight, many more homebuyers are opting to take on renovation projects themselves so they can nab the home they have their eye on. Now is the optimal time to do it.

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Padove Appraisal Service

JANUARY 14, 2018

The first step in evaluating the physical condition of a property is to take inventory of all its updates. A house that was built 80 years ago, with many significant improvements completed over the past 20 years (such as kitchen and bathroom renovations, roof and window replacement, heating and air conditioning replacement, etc.)

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Lamacchia Realty

JULY 29, 2022

Summer is the best time of the year to conduct a house inventory and spend quality time with loved ones. Home renovation projects don’t need to be expensive or time-consuming in order to be helpful. 10 SUMMER IMPROVEMENT PROJECTS FOR YOUR FLORIDA HOME. Improvement projects for your Florida home to tackle this summer.

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Housing Wire

OCTOBER 17, 2023

The single-family rental (SFR) sector and its close cousin, the fix-and-flip market , are now essentially treading water in an environment of high interest rates , approaching 8%; high home prices; and a dearth of home-purchase inventory. It remained way below the 44.6% hit in the second quarter of 2021.”

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Housing Wire

JULY 21, 2021

“The first house I rehabbed last year, it was a house that had fire damage in the kitchen, and it was just kind of an eyesore on a nice quiet street,” said McCormick, who said she purchased the home for $25,000 and then put $65,000 into renovations before selling to an owner-occupant buyer for $134,000. “It of the 2021 estimated market value.

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Housing Wire

MAY 12, 2021

Using new and automated technology in construction is the natural next step to making smarter decisions on and off site, from planning and designing to sourcing materials and scheduling workers. But, in other areas, machines are already proving to be better, faster and safer. Bringing more services under one roof.

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The Robert Weiler Company

APRIL 7, 2023

Commercial real estate developers are ensuring that the goal of Earth Day is being met, as evidenced by widespread initiatives in green design and sustainable building. Upgrades to existing buildings brought an even bigger reduction in operating costs globally, with green renovations at 11.5% savings over five years.

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Appraisal Today

JULY 7, 2023

Despite the home’s age, it isn’t a money pit or desperate for a renovation. However, the “mortgage lock-in” phenomenon—where homeowners are reluctant to sell after buying or refinancing at lower rates before 2022—could limit future sales and inventories. The uniquely designed, circular home features 3,509 square feet of living space.

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Chicagoland Appraisal Blog

APRIL 3, 2020

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.

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Appraisal Today

FEBRUARY 16, 2024

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.

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Lamacchia Realty

JULY 13, 2022

Before the market shift in March 2022, interest rates were lower than ever , but so was the amount of inventory. You can make it your own and renovate/design it any way you’d like. When you make renovations, you’re also potentially increasing the overall value of the home.

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Landlords Mortgage Renovations Buyers 56

Appraisal Today

MAY 26, 2023

A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse. Since rates have been so volatile and for-sale inventory still scarce, we have yet to see sustained growth in purchase applications. . == Glorious Gilded Age Mansion for $29.9M The 30-year fixed rate increased to 6.69

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Appraisal Today

JULY 29, 2022

Excerpts: Built in 1959 and designed by Tollyn Twitchell for Ralph Twitchell Architects, the 3,419-square-foot, ranch-style home is listed for $3 million. The three-year renovation was completed in 2019, including a new roof, windows, landscaping, and updated plumbing, HVAC, and electrical. With four bedrooms and 4.5 July 25, 2022 .

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Will Springer Realtor

DECEMBER 11, 2022

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.

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Will Springer Realtor

OCTOBER 8, 2021

The combination of buyers leaving the market, which brings down demand, and the slow but steady increase in new listings has beefed up inventory slightly month-to-month. Inventories improved fractionally. months of inventory across all homes in King County, up from 0.6 Eastside inventories are the lowest in the county, now at 0.4

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Will Springer Realtor

AUGUST 11, 2023

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 ”).

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Will Springer Realtor

MAY 12, 2021

>> The lack of inventory to keep real estate moving is confirmed with the latest data on U.S. The excess of inventory that occurred in 2007, 2008 and ’09, was an anomaly,” said Marci Rossell, former chief economist for CNBC. Total inventories were little changed from March to April. existing home sales. month from 0.6,

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Will Springer Realtor

MARCH 14, 2022

Without their spirit to rebuild, our thinning housing inventory would be more dire than it is today. Most owners will contract work out for major renovation projects while doing DIY work on replacing flooring, painting or improving outdoor space, the survey from LendingHome showed. Condo inventory is not much better. There is 0.6

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Will Springer Realtor

AUGUST 9, 2021

Many dug into savings and had their homes renovated or repaired. Months of inventory improved slightly from June but remain extremely low. Among single-family homes, county inventory increased to 0.6 months of inventory available compared with 0.3 months of condo inventory in King (up from 0.9 months from 0.5.

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Will Springer Realtor

JULY 9, 2021

In calling for rezoning laws to accommodate this concept, Gladney identified five keys that communities should keep in mind when designing their 15-minute neighborhood: Think in terms of mixed-use development, such as a blend of housing, commercial usage and small-scale manufacturing. THE ROI OF HOME RENOVATION. Looking for selection?

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Housing Wire

MARCH 31, 2021

According to Biden, two million affordable homes and commercial buildings would be built and renovated over the next decade as part of the initiative. Combined with measures designed to stop offshoring of profits, the White House said the tax hike would fund the entire plan within 15 years.

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