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Planning for a Home Renovation: A Guide

Cleveland Appraisal Blog

Many homeowners have decided not to sell their homes but to renovate them instead. Planning for a Home Renovation: A Guide When it comes time to renovate your home, there are a few things you should know. This post from Aspen Appraisal Services will provide all of the information you need to start planning your home renovation.

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A guide for homebuyers looking to buy their dream home

Housing Wire

If you want more of a modern look, old appliances probably won’t work for you and you’ll have to replace old appliances with new ones. And while price matters, it’s easier to renovate a home than pick up and move it to another city. After all, the older the home the more you might have to pay in renovations or general upkeep.

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Can I Take Out a Loan to Remodel My Home?

Assurance Financial

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. Why Remodel Your Home?

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8 Essential Steps on How to Rent Out Your House: A Comprehensive Step-by-Step Guide

Movoto

Ideally, you’ve renovated and updated the property to modern standards, as this will allow you to successfully obtain an amount on the higher end. Safeguard Your Investment with Insurance Landlord insurance protects you from financial risks. Even when renting to most easy-going tenants, things can happen.

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Crunching Numbers: Using an Investment Property Closing Costs Calculator

Listing Spark

These figures include a ballpark on ROI for rental properties, a clear idea of your expected profit on a flip after renovation and resale, and a detailed list of the expenses you’ll incur to process the property. Many investors stop at calculating buyer closing costs, renovations, and holding costs.

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Investor + Flippers Guide to FHA Flipping Guidelines

Listing Spark

The FHA has insured over nine million mortgages since 2009 , and as home prices have climbed higher than ever in the past three years, many prospective homeowners are turning to FHA loans due to the increased assistance and down payment requirements. Look for properties with enough renovation needs to justify a three-month window.

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Affordable housing inventory is limited due to foreclosure prevention efforts

Housing Wire

Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I My renovated homes are] reducing the number of rental properties , which in our town has become a source of demise.”

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