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What renovations will add value to my home?

Housing Wire

We all love the feeling of a refreshed, renovated home, and being able to enjoy it instills a sense of pride in its owner. That’s partly why people are spending significant time, energy and money on home renovation projects these days. Despite this, there are some renovations that are worth their price tags.

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PunchList USA names chief product and data officer 

Housing Wire

PunchListUSA , a real estate technology platform digitizing home inspection data, has named Stefan Pampulov as its chief product and data officer. He also held the role of senior vice president and director of valuation at New City Corporation.

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5 Tips to Prepare for a Luxury Home Inspection

McKissock

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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What AVMs can and can’t do in the appraisal process

Housing Wire

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.” Here are six misconceptions surrounding what AVMs currently do for appraisal valuation: 1. ” Amazing, right?

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Property condition information that’s cloud-based – “Word cloud” based

Housing Wire

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. . This is why most automated valuation models (AVM) default to assessing “average” quality and condition.

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The Appraiser’s Perspective: Insights and Tips for Real Estate Agents

Appraisal Hub

As a seasoned appraiser in the vibrant real estate market of Toronto, I’ve had the privilege of witnessing the ever-evolving landscape of property valuation. Preparing for the Appraisal Inspection: Preparing a property for appraisal inspection is an integral part of the process.

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5 Tips to Help Ensure a Credible Appraisal

Appraisal Hub

How is it that a costly renovation ended up adding very little value to your home? They should have extensive experience in providing accurate and unbiased valuations to homeowners for legal actions, smooth real estate transactions, and other needs. Work with the appraiser during an inspection. How is it done?