Housing Wire

FEBRUARY 26, 2024

In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs. Meanwhile, homeowners association (HOA) fees multiplied for many condo buildings in the aftermath of the 2021 Surfside condo collapse.

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HOA Law Insurance New Listings 478

Housing Wire

APRIL 18, 2023

PunchListUSA , a real estate technology platform digitizing home inspection data, has named Stefan Pampulov as its chief product and data officer. The firm is growing rapidly to offer instant repair estimates and scale through process automation.

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Inspection Real Estate Real Estate Agent Renovations 340

Raleigh Realty

APRIL 24, 2022

Sustainable Renovations for Every Room Whether you buy an older home or a new construction home, there are most likely modifications and renovations you can do to make your new house more eco-friendly. Let’s take a room-by-room look at potential eco-friendly modifications and renovations you can make to your home.

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Renovations Modernization Inspection Construction 144

McKissock

AUGUST 10, 2021

Appraising a luxury home can be stressful, so preparation is important before commencing with a luxury home inspection. In this post, we provide valuable tips for preparing to inspect a luxury home, including some key questions to ask of the homeowner, agent, or builder about upgrades and amenities. Research the subject property.

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Eppraisal

OCTOBER 20, 2023

Are you planning a home renovation to increase your property's value or preparing to sell your home in the future? Home renovations can be exciting and rewarding but can also come with their fair share of challenges. Plumbing Issues Plumbing issues can be a major headache during a renovation.

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Renovations Supply Chain Inspection Modernization 36

Housing Wire

SEPTEMBER 19, 2023

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? The appraiser inspects the property An appraiser visits the property and conducts a visual inspection of the home’s condition. You’ve found a house for your buyer or a buyer for the home you’re selling. Not necessarily.

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Real Estate Appraisal Agents Inspection 449

Cleveland Appraisal Blog

DECEMBER 24, 2022

Are you planning on renovating your home? What to Expect When Undertaking These 4 Common Home Renovation Projects. When home improvement gives way to major renovations, the implications can be more impactful than you might realize. However, you must be aware of your budget and timeline before committing to a kitchen renovation.

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Renovations Home Improvement Appraisal Buyers 303

Housing Wire

NOVEMBER 30, 2023

There are two versions: the standard, which includes structural repairs and requires an approved consultant, and the limited version, which is focused on minor renovation and repair and does not require a consultant. Changes also include increases to the maximum amount for other allowable fees, including for draw inspection, which is $375.

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Architecture Renovations Inspection Finance 431

Housing Wire

OCTOBER 10, 2023

When making pre-listing repairs or renovations, different projects can result in vastly different returns. Remodels are structural renovations that make homes more livable and require more labor, resources, and money to complete than refresh projects.

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Home Improvement Real Estate Agent Sellers Real Estate 457

Housing Wire

OCTOBER 27, 2020

Some are waiving inspection contingencies, while others are avoiding repair requests, opting to handle home repairs, fixes and upgrades as needed later on. While this approach could certainly help buyers win out in a bidding war, the strategy also comes with some serious risk — especially if the home inspection is skipped.

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Inspection Renovations Buyers Housing Market 432

Movoto

JANUARY 27, 2022

A gut renovation is a great way to get exactly what you want when you buy a home. Here are some curveballs to expect when you do a gut renovation. . With a realistic budget, preparation, and a lot of patience, a gut renovation will be worth it when you get your custom home designed specifically for you. Inspections.

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Renovations Construction Inspection Logistics 36

Lamacchia Realty

MAY 25, 2021

HOME INSPECTION FINDINGS. So, keep on reading to see some of the most common Florida home inspection findings that you should keep your eyes on, especially if you are going on a home hunt without a home inspector. Be prepared for the fact that Florida homes require more frequent renovation projects. COMMON FLORIDA.

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Inspection Open Houses Renovations Realty 45

Housing Wire

DECEMBER 1, 2020

Land Gorilla founder and CEO Sean Faries is relentless in his pursuit of technology innovations that drive efficiency while simultaneously reducing risk in construction and renovation lending.

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Renovations Construction Inspection Technology 214

Housing Wire

JUNE 10, 2021

Home improvements and renovations are also important to buyers. A seller concession could include putting money towards the inspection costs, appraisal fees, taxes or another expense. After all, curb appeal is just as attractive to potential buyers as the indoor layout. Naturally, the price a buyer will ask a seller to pay will vary.

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Sellers Real Estate Agent Real Estate Decorating 546

Cleveland Appraisal Blog

AUGUST 11, 2022

For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. Therefore, you don’t have to fix or account for any issues that might be discovered in a professional home inspection issued by the buyer. No repairs, no costs.

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Renovations Buyers Appraisal Investing 221

Housing Wire

FEBRUARY 18, 2022

Further, Fannie notes, “Leveraging the wealth of big data, the power of advanced analytics, and the speed of technology, appraisers can perform desktop appraisals without physically inspecting the property.” AVMs do not account for upgrades or renovations. ” Amazing, right? What about AVMs?

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Appraisal Process Appraisal Valuation Renovations 368

Housing Wire

MAY 11, 2021

For example, a newly renovated home that has a gourmet kitchen and an updated bathroom may be valued more highly than a similar home that possesses only above-average amenities and is in average condition. . Many factors contribute to the process of determining the value of a residential property.

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Housing Wire

JULY 27, 2022

Charleston, South Carolina-based real estate tech firm PunchListUSA , which calls itself the first platform digitizing national home inspection data , closed on a $39 million Series A funding round this week. . ’s largest home inspection services providers, to offer customers instant repair estimates. .

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Inspection Renovations Project Management Real Estate Agent 372

Zillow

FEBRUARY 15, 2019

If you’re feeling discontent with your home, you may be thinking about renovating … or getting out entirely. Should You Renovate or Sell? Consider renovating. Before you begin, be sure to: Create a renovation budget and determine how you’ll finance the project. Assemble your renovation team.

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Renovations Home Improvement Inspection Real Estate 36

Genworth MI Blog

FEBRUARY 29, 2024

This should include photos of any recent updates/renovations that were used as adjustments and applied to the sales where the sales comparison approach is presented as support for the opinion of value. Property conditions that impact subject livability, soundness, and/or structural integrity may cause such further inspection/repairs.

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Appraisal Inspection Training Real Estate 88

Zillow

JANUARY 30, 2017

Issues typically arise after the home inspection, and those issues tend to result in another round of negotiations for credits or fixes. Here are three buyer tips for negotiating repairs after a home inspection. These things will get fixed during your future renovation. However, the repairs are still up for negotiation.

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Inspection Renovations Contracts Sellers 36

Cleveland Appraisal Blog

AUGUST 13, 2023

Before you embark on a complete bathroom renovation, take heart. Schedule Regular Plumbing Inspections If you really want to keep your plumbing system eco-friendly, it’s time to practice some TLC. Regular inspections are important to catch plumbing issues and maintain an efficient plumbing and water transport system.

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Appraisal Inspection Transportation Renovations 254

Appraisal Hub

JANUARY 24, 2022

How is it that a costly renovation ended up adding very little value to your home? Work with the appraiser during an inspection. This way, you can share information about your property’s history of repairs and renovations. This will also allow you to determine whether they dedicated enough time to properly inspect your home.

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Appraisal Property Appraisal Renovations Real Estate 78

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. It depends.

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Home Improvement Renovations Investing Inspection 36

Realtor

FEBRUARY 11, 2021

Closing costs are used to pay for items such as appraisals, inspections, and much more. Some costs—such as the down payment, closing costs, home inspection and appraisal—are just the price of admission to homeownership. How important is the freedom to renovate? Hammond , a Chase private-client home lending adviser.

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Property Taxes Inspection Landlords Renovations 218

Hank Miller Team

JULY 6, 2023

The residents of this town home ignored routine maintenance for years, it needed extensive renovation. Several neighbors mentioned the residents were hoarders and the prospect of the home being completely renovated was welcomed news. The preliminary inspection resulted in a significant “to do” list.

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Decorating Renovations Project Management Inspection 52

The Robert Weiler Company

JUNE 17, 2022

The latter can be a lot cheaper but the amount of renovations required might end up costing you more in the long-run. Perform your own initial inspection on the apartment building and surrounding property. Get a professional inspection and commercial appraisal of the apartment building before making a final decision.

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Property Management Renovations Real Estate Investing 147

Lamacchia Realty

AUGUST 12, 2021

What to Consider Before Purchasing a Fixer-Upper Although fixer-uppers are more affordable than purchasing a turnkey home in the perfect neighborhood, the process of buying a fixer-upper and renovating it is more complicated than what you see on television. How Much Time Do They Take to Renovate? Traveling a lot?

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Renovations Finance Inspection Buyers 69

Realtor

AUGUST 1, 2018

To be approved for the loan, the house must pass an inspection conducted by the U.S. A licensed, HUD-approved appraiser will determine the market value of the home and do a “health and safety” inspection to check for crucial problems such as a crumbling foundation or issues with the mechanical systems. No biggie, right?

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Inspection Insurance Buyers Renovations 136

D Fritz Appraisals

OCTOBER 11, 2022

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Renovation loan assessments. There are two main parts to a Home Appraisal: Inspection of the property. How Home Appraisers Decide on the Value of Your Property.

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Appraisal Inspection Property Taxes Easement 106

East Coast Appraisal

AUGUST 11, 2022

Home Appraisal Is the Same As a Home Inspection. Indeed, a home appraisal and inspection have some similarities. However, some key differences exist between home appraisals and inspections. Home Appraisal Value Matches the Costs of Renovations and Repair. Instead, the experts provide an opinion of the value of a property.

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Real Estate Appraisal Renovations Market Value 52

McKissock

JANUARY 31, 2023

” “There is a lot of research and number crunching to do, so asking for a value at time of inspection is a no go.” ” CE course: Residential Property Measurement and ANSI Z765 How renovations and upgrades affect value “Adjustments before and after remodeling.” ” “How value is derived.”

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Appraisal Buzz

JUNE 6, 2022

Oh yeah, we need the effective date to be two years ago,” or “actually, we want it to be appraised as if those renovations were completed, not as is.” We’ve all gotten a presumably as-is appraisal assignment, gone out to inspect, and learned at the inspection that the master bathroom is gutted.

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Clients Appraisal Appraisal Process Inspection 221

Chicagoland Appraisal Blog

MAY 13, 2021

And that means you can actually impact your home’s value by making renovations that are likely to increase its marketability and value in the real estate market. . To begin the process of having your home appraised, you’ll need to select an appraiser and schedule their inspection. Overly personalized renovations. Home addition.

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Appraisal Renovations Home Value Real Estate 88

Eppraisal

FEBRUARY 20, 2024

 Consider consulting professionals like contractors or structural engineers to assess your home's foundation and frame before undertaking significant renovations or additions. Inspecting insulation and replacing hazardous materials, like asbestos, also protect residents' well-being.

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Architecture Inspection Renovations Modernization 36

AmeriMac

DECEMBER 30, 2023

Lastly, we will compare REO appraisals to home inspections and answer whether they are mandatory for all property transactions. The Appraisal Process Appraising a home involves collecting public records and conducting a thorough inspection to determine its value. One increasingly common practice is the use of desktop appraisals.

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Real Estate Appraisal Inspection Appraisal Process 36

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. Rent your home out.

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Renovations Inspection Sellers Buyers 36