article thumbnail

Make Your First Investment Property an Attractive and Profitable Option

Cleveland Appraisal Blog

You’ve just purchased your first property to renovate. How can you capitalize on your first investment property? Whether your first investment property will be a rental or a flip, your goal is to walk away with more money than you put into it. Let the Renovations Begin! Decide on How to Proceed.

Investing 332
article thumbnail

Zillow Zinged

Cleveland Appraisal Blog

” I wonder what would have happened if they had hired appraisers to appraise the homes they were buying, and relied upon a professional real property appraisers’ opinion of value when making their decisions? This home has also been renovated in recent years. PROPERTY 2. Not even close!

Insiders

Sign Up for our Newsletter

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

article thumbnail

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.

article thumbnail

Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

An appraisal is an objective, impartial, and unbiased opinion about the value of real property prepared by a State Licensed or Certified professional appraiser. New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc. Defining the Appraisal Scope of Work.

article thumbnail

Appraising Industrial and Flex Buildings: What Info Do You Need?

McKissock

To aid the financing of an existing or proposed building. To examine the feasibility of renovating, expanding or repositioning an existing building. To estimate the real property value for the purpose of one or more partners acquiring the interest of other partners in a proposed or existing building’s ownership.

article thumbnail

Why Buy Land for Sale in Ohio in 2022? (7 Reasons)

The Robert Weiler Company

Below, we explore why it’s a good idea to buy land in Ohio; the benefits of buying land to build a house or business; and we even detail some alternatives to buying real property… from your couch, if you’re not ready to buy land for sale! There’s an Alternative to Real Property Investing!