Cleveland Appraisal Blog
AUGUST 25, 2022
You’ve just purchased your first property to renovate. How can you capitalize on your first investment property? Whether your first investment property will be a rental or a flip, your goal is to walk away with more money than you put into it. Let the Renovations Begin! Decide on How to Proceed.
Simonson Real Estate
SEPTEMBER 16, 2021
The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of a real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. As appraisers’ we assemble facts, statistics, and other information on a specific property.
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Cleveland Appraisal Blog
DECEMBER 10, 2022
Therefore, when making any renovations to increase your home’s worth, always keep in mind that potential buyers may have very different tastes from you. If the exterior of your property looks like it needs renovation, potential buyers may have second thoughts about making an offer or may not even bother to schedule a showing.
Cleveland Appraisal Blog
APRIL 21, 2022
Is the condition of the neighbor’s property having an impact on the safety or soundness of the properties around it, or is it just an eye-sore? Is there some characteristic of the property that is creating damage to the properties next to it? What if the neighbor’s home in poor condition, was purchased and then renovated?
Property Metrics
MAY 28, 2021
The real estate term for this type of risk is “obsolescence” and there are three types that CRE investors should be aware of. Functional Obsolescence is the impairment of a real property’s functional capacity due to changes in market tastes and/or standards. Functional Obsolescence.
Cleveland Appraisal Blog
NOVEMBER 11, 2021
” I wonder what would have happened if they had hired appraisers to appraise the homes they were buying, and relied upon a professional real property appraisers’ opinion of value when making their decisions? This home has also been renovated in recent years. PROPERTY 2. Not even close!
Simonson Real Estate
JULY 10, 2020
An appraisal is an objective, impartial, and unbiased opinion about the value of real property prepared by a State Licensed or Certified professional appraiser. New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc. Defining the Appraisal Scope of Work.
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