Cleveland Appraisal Blog

MARCH 4, 2021

So, while the cabinets may be in good shape, many homeowners will eventually replace the countertops, sink and appliances with a more modern look and improved functionality. Of course, a ten-year old kitchen is going to have some wear and tear from use. They may replace the flooring and lighting. The same is true with bathrooms.

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Appraisal Today

APRIL 5, 2024

Upon arrival, you’re greeted by a lavish motor court leading to timeless modern architecture. Appraisers must consider regional economic conditions, inventory levels, and buyer sentiment when evaluating properties. It is also located in the Historic Preservation District, so any proposed renovations would have to be approved.”

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Appraisal Today

APRIL 21, 2023

One-Room Schoolhouse in New Role as an Adorable Tiny Home Excerpts: The recently renovated schoolhouse was built in 1860 to serve the farming community of Elizaville, NY—a hamlet in the towns of Clermont and Gallatin, which still had fewer than 2,000 residents as of 2022. The 30-year fixed rate increased 13 basis points to 6.43

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Listing Spark

SEPTEMBER 27, 2023

Your Clients Demand Near-Real-Time Market Insights In Texas especially, markets are in flux, and there remains a severe shortage of inventory. Your buyers, especially if they’re investors, need to know the prices comparable properties are being sold for, both during and after renovations.

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Appraisal Today

JULY 7, 2023

Despite the home’s age, it isn’t a money pit or desperate for a renovation. Everything has been fully modernized. However, the “mortgage lock-in” phenomenon—where homeowners are reluctant to sell after buying or refinancing at lower rates before 2022—could limit future sales and inventories. They did millions of dollars of work.”

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Chicagoland Appraisal Blog

APRIL 3, 2020

Last year was a tough market, and the only properties that were moving were the ones that were renovated,” she says. Sebring is seeing a surge in industrial-style sinks and vanities in Chicago bathroom renovations. Galles notes that a more contemporary aesthetic with a modern form and function reduces the need for care and maintenance.

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Houston Properties

JULY 18, 2022

Antique Pavilion — An upscale multi-dealer shop that houses an inventory of authentic antiques, fine accessories, and a vast assortment of collectibles. It features classic French cuisine with modern American influences. Older properties have been renovated and updated.

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Appraisal Today

MAY 26, 2023

NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse.

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Appraisal Today

FEBRUARY 16, 2024

acre lot A unique home with modern architectural features seldom seen in a suburban setting. This totally renovated 5 bedroom home is tucked in the woods on a secluded cul-de-sac. Purchase applications remained subdued as elevated rates continue to add to affordability challenges along with still-low existing housing inventory.

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Appraisal Today

JULY 29, 2022

It sits in the Sarasota beachfront neighborhood of Lido Shores, an area that’s a haven for modern architecture. The three-year renovation was completed in 2019, including a new roof, windows, landscaping, and updated plumbing, HVAC, and electrical. We’ve seen a massive change in housing inventory. With four bedrooms and 4.5

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Will Springer Realtor

MAY 9, 2023

They have also been spending oodles of money to shape their residences to meet new living needs – modern and spacious, when possible – as households live in their homes for longer. such renovations to these homes (between 20 and 39 years old), with about 200,000 of those projects running north of $25K each.

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Will Springer Realtor

DECEMBER 11, 2022

months of inventory. Inventories across the county for all home types now stand at 2.2 Single-family inventory is unchanged from October at 2.1 Exclusive neighborhoods such as Medina and Mercer Island have roughly 4 months of single-family inventory. A little more than a third of inventory is under contract.

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Will Springer Realtor

AUGUST 11, 2023

First, let’s set the scene: Housing inventory is shrinking year to year in most parts of the country and there are no signs of significant replenishment over the horizon. Tickets Tour Modern Homes, Sept. 16 Seattle Modern Home Tour is a self-drive exploration of six contemporary houses in Seattle and the Eastside. Pittsburgh).

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Appraisal Today

SEPTEMBER 29, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ bath, 13,872 square feet, 3.25

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Will Springer Realtor

MAY 12, 2021

>> The lack of inventory to keep real estate moving is confirmed with the latest data on U.S. The excess of inventory that occurred in 2007, 2008 and ’09, was an anomaly,” said Marci Rossell, former chief economist for CNBC. Total inventories were little changed from March to April. existing home sales. month from 0.6,

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Will Springer Realtor

AUGUST 9, 2021

Many dug into savings and had their homes renovated or repaired. Months of inventory improved slightly from June but remain extremely low. Among single-family homes, county inventory increased to 0.6 months of inventory available compared with 0.3 months of condo inventory in King (up from 0.9 months from 0.5.

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Will Springer Realtor

JULY 9, 2021

THE ROI OF HOME RENOVATION. A new door improves curb appeal, adds modern technology to the house and, based on my observations, doesn’t make as much noise as older models! Home prices are going to continue to go up until the inventory comes back bit,” said Rick Sharga, EVP at real estate information provider Realty Trac.

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