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Financing proves an obstacle for ADUs

Housing Wire

Homeowners constructing an ADU – whose total build costs run over $150,000, according to the report – use cash out refinances, home equity loans, and renovation loans. Turnover is a huge expense for landlords and property managers across the world. How to minimize tenant turnover using online property management tools.

Finance 372
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Make Your First Investment Property an Attractive and Profitable Option

Cleveland Appraisal Blog

You’ve just purchased your first property to renovate. Keep in mind that investment homebuyers will be required to put down a minimum of 15% to secure financing, according to Lending Tree. Let the Renovations Begin! Are You Cut Out to Be a Landlord? How can you capitalize on your first investment property?

Investing 332
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10 ways for real estate agents to stay compliant with fair housing laws

Housing Wire

Landlords and real estate agents that are governed by the act can no longer use phrases such as “singles only” or “safe Christian neighborhood” to exclude or single out certain groups. The Equal Credit Opportunity Act and the Home Mortgage Disclosure Act prohibit discriminatory lending practices.

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Taking the leap: The benefits of buying vs. renting a home

Housing Wire

By the time the first week of the month arrives, you’ve sent off that rent payment to your landlord. Unlike renting, where you’re consistently paying out money to a landlord, a purchased home offers the prospect of building wealth since it may appreciate in value over time.

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Opinion: Investors play key role in providing affordable housing options

Housing Wire

Investors are helping first-time home buyers across the country purchase renovated homes and other families get into high-quality rental homes. The same holds true for the investors that are renovating homes and reselling them. Jeff Ball is CEO of Viseo Lending. But, who are these investors?

Investors 392
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What’s New in Appraisal Membership: Summer 2022

McKissock

Appraisals of rural residential properties do not conform to the typical mortgage lending underwriting expectations of urban and suburban residential properties. Renovation and Remodeling Appraisal Considerations. Commercial Real Estate Leases. Understanding Judicial Foreclosure.

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Should You Buy a Home or Keep Renting? How To Decide in 7 Steps

Realtor

Hammond , a Chase private-client home lending adviser. How important is the freedom to renovate? If you’ve got the itch to tear down walls, try your hand at tiling, or experiment with a bold new wallpaper, you’re better off buying than renting (unless you have a very open-minded landlord). Are you up for the maintenance?