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Make Your First Investment Property an Attractive and Profitable Option

Cleveland Appraisal Blog

You’ve just purchased your first property to renovate. Keep in mind that investment homebuyers will be required to put down a minimum of 15% to secure financing, according to Lending Tree. Let the Renovations Begin! Are You Cut Out to Be a Landlord? How can you capitalize on your first investment property?

Investing 332
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Should You Buy a Home or Keep Renting? How To Decide in 7 Steps

Realtor

If not, you should first spend some time shoring up your finances. Qualifying for financing is a critical part of the home-buying journey. Hammond , a Chase private-client home lending adviser. How important is the freedom to renovate? Owning a home gives you the freedom to renovate and decorate to your heart’s content.

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Should You Buy a Home or Keep Renting? How To Decide in 7 Steps

Realtor

If not, you should first spend some time shoring up your finances. Qualifying for financing is a critical part of the home-buying journey. Hammond , a Chase private-client home lending adviser. How important is the freedom to renovate? Owning a home gives you the freedom to renovate and decorate to your heart’s content.

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Opinion: Investors play key role in providing affordable housing options

Housing Wire

Most financing to acquire a home in need of updating or repair is short-term and relatively expensive. That way the homebuyer can get a straightforward, relatively inexpensive 30-year mortgage to finance their purchase. The same holds true for the investors that are renovating homes and reselling them.

Investors 403
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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Clarify What Value or Values are Needed.

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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc.

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Financing proves an obstacle for ADUs

Housing Wire

The Joe Biden administration broadly identified this financing issue. The problem then, the authors found, is ascertaining favorable financing. Homeowners constructing an ADU – whose total build costs run over $150,000, according to the report – use cash out refinances, home equity loans, and renovation loans.

Finance 381