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Financing proves an obstacle for ADUs

Housing Wire

Accessory dwelling units are increasingly legal. 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. How to minimize tenant turnover using online property management tools. ADUs were legalized statewide in 2017.

Finance 367
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What Do Property Management Companies Do? (And How to Vet Them)

The Robert Weiler Company

Most building owners and multi-family real estate investors don’t realize that property management companies can completely relieve them of the day-to-day administration of property, prospects, and tenants. Can their references substantiate their claims? Still, find the proof by researching or asking for testimonials.

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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Key Appraisal Items to Communicate.

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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. After you’ve completed a repair or renovation, you should hold onto as many useful materials as possible – whether it’s trim, shingles, ceramic tiles, or other items you’ll surely need again.

Tenants 36
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How To Find & Lease Commercial Space for Rent in 2022 [Full Guide]

The Robert Weiler Company

Rent relates to a short-term agreement between the owner of the commercial property and the renter (or tenant – basically, the individual that pays a fee to use property owned by the other party). A commercial lease is a legally binding contract that details the relationship between a tenant and a landlord.

Tenants 144
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Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

The commercial real estate appraiser must consider everything that could affect a property’s value; some factors include property conditions, neighborhood, economy, market conditions, legal factors, and even the political climate. Note: A full commercial appraisal is sometimes referred to as a “summary appraisal report.”).

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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

You can rent the home out to tenants who pay your mortgage and bills while you continue to build your asset. Refinancing refers to when a homeowner replaces the current loan package with a new one. You'll need to do some renovations. In fact, your lender has a legal obligation to spell out these fees and mortgage terms.