PennyMac

JANUARY 2, 2024

Do you know the return on investment (ROI) of your renovation project? Some renovations can make your home more valuable. If you’re investing in a home renovation in hopes of recouping that money when you sell, it’s important to research and plan ahead before you begin to ensure you’re spending your money wisely.

Home Improvement 36

Home Improvement Renovations Investing Inspection 36

Lamacchia Realty

FEBRUARY 8, 2022

Because of this, many buyers going through the home buying process are becoming more open to a house that needs renovations. Homes that need updates and repairs usually sell for less per square foot than homes that are turnkey. When in doubt, get your permits.

Renovations 74

Renovations Buyers Finance Home Improvement 74

Housing Wire

JUNE 10, 2021

According to Zillow and Thumbtack’s Hidden Costs of Selling Analysis , the average homeowner spends over $15,000 in “hidden costs” to sell their home. . From staging fees, home improvements, repairs and seller concessions, there are several hidden costs involved in the selling process. Staging Costs. Bottom Line.

Sellers 546

Sellers Real Estate Agent Real Estate Decorating 546

Lamacchia Realty

MAY 6, 2021

HOME RENOVATIONS IN 2021. As we begin to see the other side of the pandemic and throughout the past year, the home improvement and renovation industry is seeing an extremely high demand for tools, materials, and home improvement service providers. Cost of Materials. What You Can Do.

Renovations 55

Renovations Buyers Home Improvement Realty 55

Lamacchia Realty

AUGUST 17, 2021

With current home equity line of credit (HELOC) rates averaging between 1.79% and 7.24%, many homeowners that have been considering using HELOC to fund their home renovations are finally taking the plunge. The Pros & Cons of Home Equity Line of Credit for Home Renovations. Be aware of fees.

Renovations 69

Renovations Home Improvement Realty Home Value 69

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. The perplexing part: Why are home prices not declining in this environment? That compares to a record $4.4

Inventory 452

Inventory Renovations Real Estate Government 452

Housing Wire

APRIL 27, 2021

It’s the latest in a string of big M&A deals in the mortgage lending space – and the growing wholesale channel in particular – over the past six months. Finance of America said it puts the company on the path of becoming a “top-five performer” in the segment, which has grown to roughly 20% of the overall mortgage market.

Finance 369

Finance Lending Retail Renovations 369

Housing Wire

AUGUST 4, 2023

Indicators of manufacturing and service sector health remain lackluster, measures of inflation have moved lower, while GDP growth in the second quarter was stronger than expected and consumer spending remains resilient,” said Mortgage Bankers Association VP and Deputy Chief Economist Joel Kan.

Marketing 291

Marketing Construction Renovations Home Improvement 291

Housing Wire

APRIL 2, 2021

It’s the second large-scale mortgage lender to go public via a SPAC in 2021, after broker-based United Wholesale Mortgage began trading in late January. Like virtually all mortgage lenders, FOA posted record profits and originations in 2020. The lender increased originations by 70% to $32.63 billion in 2020 from $19.16

Finance 264

Finance Renovations Investors Retail 264

Cornerstone

MAY 4, 2021

Many more homebuyers are competing for available houses, and renovations might not be as necessary as they were to sell competitively just a few years ago. Taking the time (and spending the money) to renovate before selling might cause you to miss out on this chance. Keep 2 things in mind if you’re planning to sell this season.

Renovations 41

Renovations Home Improvement Loan Officers Real Estate Agent 41

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. Unlike fixed-rate, lump-sum second-lien home-equity loans — HELOCs normally carry variable interest rates.

Housing Market 360

Housing Market Marketing Contracts Lending 360

Zillow

MARCH 13, 2018

The easy part is knowing your goal for home remodeling - whether you’re trying to keep up with your growing family, add office space, modernize dated features or generally increase your home’s value. Here are five key steps in planning your home remodeling project. Refinancing. Cash-out refinance.

Renovations 50

Renovations Contracts Modernization Investing 50

Zillow

JUNE 10, 2019

That said, I often recommend that buyers live in a new home for a while before undertaking any major remodeling or pricey home improvements. Rather, I'm referring to discretionary remodeling, expansions and other improvement projects. After buying a home, you deserve a break. You need time to plan.

Renovations 36

Renovations Home Improvement Design Buyers 36

Assurance Financial

APRIL 18, 2022

After your purchase, you can renovate the property to make it suit your tastes and fit your needs. Depending on the extent and cost of your home improvement goals, you might need to take out a loan for renovations. A home renovation loan is most likely not going to be the same as your mortgage.

Renovations 74

Renovations Construction Home Improvement Mortgage 74

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 It’s important to understand the difference between updates and renovations.

Tools 64

Tools Appraisal Renovations Design 64

PennyMac

JULY 26, 2023

Second mortgages can be a great way to use the equity in your home to free up cash for important needs. Just like any other loan, there are some essential components you should know about second mortgages before you begin the application process. What Is a Second Mortgage? What Can I Use a Second Mortgage for?

Mortgage 36

Mortgage Home Improvement Renovations Lending 36

Empire Appraisal Group

DECEMBER 28, 2023

NEW YORK – Home Depot sales continue to slide as Americans wrestle with persistent inflation and the company narrowed its outlook for the year. But the nation’s biggest home improvement retailer still topped expectations for the quarter. Few people are moving from their homes after locking in ultralow mortgages at or below 3%.

Home Improvement 78

Home Improvement Renovations Retail Real Estate 78

Cleveland Appraisal Blog

APRIL 29, 2021

Does your home have a smell? 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. Bottom line.

Appraisal 249

Appraisal Investing Buyers Renovations 249

Eppraisal

FEBRUARY 6, 2024

Let's explore the various tax advantages of owning a home compared to renting, shedding light on why investing in homeownership can be a savvy financial move. Mortgage Interest Deduction One of the most significant tax advantages of owning a home is the ability to deduct mortgage interest from your taxable income.

Property Taxes 69

Property Taxes Renovations Home Improvement Law 69

Realtor

AUGUST 1, 2018

We found an FHA-approved lender, and in no time, we were on our way to buying our first home with a government-backed loan. But in the middle of this process, someone asked us how much our mortgage insurance would be. “Mortgage insurance?” You’re on the hook for mortgage insurance for the life of the loan.

Inspection 136

Inspection Insurance Buyers Renovations 136

AmeriMac

MAY 15, 2024

We will also discuss the key differences between relocation appraisals and mortgage appraisals to provide a comprehensive understanding of the appraisal process. Unlike a traditional mortgage appraisal that determines the market value of a property, a relocation appraisal focuses on estimating the sales price through prospective analysis.

Appraisal 36

Appraisal Market Value Mortgage Appraisal Appraisal Process 36

Eppraisal

OCTOBER 31, 2023

   Property Valuation Your home value is the primary determiner of your asking price. Unless you’re desperate to sell and willing to accept less than what you still owe on your mortgage, price your house based on what these sources say it should be worth.

Marketing 69

Marketing Real Estate Agent Real Estate Valuation 69

Realtor

AUGUST 1, 2018

We found an FHA-approved lender, and in no time, we were on our way to buying our first home with a government-backed loan. But in the middle of this process, someone asked us how much our mortgage insurance would be. “Mortgage insurance?” You’re on the hook for mortgage insurance for the life of the loan.

Inspection 78

Inspection Insurance Buyers Renovations 78

PennyMac

JUNE 15, 2021

Not sure if you can turn your current house into your dream home or if you just need to start over with a new space? Making a decision on whether to renovate your current home or make the move to buy a new one can be emotionally and financially complicated. Don't forget to calculate those costs.

Renovations 36

Renovations Real Estate Insurance Marketing 36

D Fritz Appraisals

OCTOBER 11, 2022

Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. They are also used to assess the value of the home for home improvement loans and insurance evaluations. What is a Home Appraisal and Why is it Important?

Appraisal 105

Appraisal Inspection Property Taxes Easement 105

AmeriMac

APRIL 15, 2024

Whether you’re a buyer looking to secure a mortgage, a seller determining the asking price, or a homeowner considering a case of a refinance, understanding how to order a home appraisal quickly is essential for a successful home purchase.

Appraisal 36

Appraisal Appraisal Process Real Estate Renovations 36

PennyMac

OCTOBER 10, 2023

Appraisals are an essential part of the home financing process, ensuring the homebuyer, seller and mortgage lender each have an impartial, consistent and accurate assessment of the value of the property under consideration. The lender is responsible for ensuring that your home provides adequate collateral for the mortgage.

Appraisal 69

Appraisal Real Estate Agent Renovations Home Value 69

Realtor

MAY 10, 2018

Real estate agent and attorney Bruce Ailion with Re/Max Town and Country in Atlanta advises siblings to have a discussion to decide what condition to sell the house in— as is or renovated. It can make sense to sell the home as is if the siblings live far away and can’t oversee home improvements prior to the sale.

Real Estate Agent 85

Real Estate Agent Renovations Real Estate Agents 85

Realtor

MAY 10, 2018

Real estate agent and attorney Bruce Ailion with Re/Max Town and Country in Atlanta advises siblings to have a discussion to decide what condition to sell the house in— as is or renovated. It can make sense to sell the home as is if the siblings live far away and can’t oversee home improvements prior to the sale.

Real Estate Agent 78

Real Estate Agent Renovations Real Estate Agents 78

PennyMac

SEPTEMBER 6, 2023

This is especially true if home sellers are trying to move quickly or are hoping to avoid costly renovations. Selling a House As Is Selling a house as-is means the homeowner will not make repairs or renovations before selling it to a buyer, even if the home has structural concerns or is in poor condition.

Renovations 36

Renovations Inspection Sellers Buyers 36

Assurance Financial

OCTOBER 27, 2023

One significant advantage is that you can build equity as you pay off your mortgage over time. You can leverage home equity to access cash for major purchases, alternative debt repayment, retirement plans or home renovations. When you obtain a HELOC, you are securing it against your home equity value.

Renovations 36

Renovations Mortgage Appraisal Housing Market 36

PennyMac

FEBRUARY 25, 2022

Craving cash for home improvements? Put down those color swatches and consider putting your home equity to good use with a cash-out refinance to fund your designing ambitions. Renovating your home with funds from a cash-out refinance may even help you get a tax write-off for the expense of increasing your home’s value.

Decorating 36

Decorating Design Renovations Home Improvement 36

PennyMac

JUNE 28, 2022

Renting puts money into a landlord’s pocket, but owning a home helps you increase the value of your investment over time. When you do build home equity, it opens up cash-out options that can be used for home improvements, paying off debt or other projects. Home improvement. How does home equity work?

Home Improvement 36

Home Improvement Contracts Renovations Mortgage 36

Cleveland Appraisal Blog

OCTOBER 22, 2021

He originally wrote an article for the Cleveland Appraisal Blog, back in July, entitled “4 Home Repairs You Need to Hand Over to a Professional” I hope you find his new article to be helpful! High-Impact Home Upgrades for Any Budget. Making a few upgrades around the home can be surprisingly affordable!

Home Improvement 221

Home Improvement Appraisal Renovations Modernization 221

PennyMac

APRIL 18, 2022

Mortgage interest and property taxes may be tax deductible. Buyer has full control over home improvements and upgrades. Homes frequently increase in value over the life of a mortgage. After all, a home is one of the biggest purchases you’re likely to make in your lifetime. Mortgage Matters.

Landlords 36

Landlords Property Taxes HOA Insurance 36

Movoto

MAY 15, 2024

One of the perks of purchasing a home is a special lending scenario known as a home equity loan , which becomes available to homeowners once enough money has been invested in the principle of a mortgage. The key to effectively using an equity loan on a house is first understanding home equity loans.

Renovations 36

Renovations Finance Lending Real Estate 36

Chicagoland Appraisal Blog

JANUARY 21, 2020

Building home equity is one of the many financial benefits to homeownership, but sometimes it’s hard to know where to start. Increasing your property value through renovations or home additions, and paying off your mortgage, seem like the most straightforward ways to build equity.

Real Estate 78

Real Estate Appraisal Home Value Real Estate Agent 78