Lamacchia Realty
MAY 23, 2023
WHAT TO KNOW ABOUT HOME RENOVATIONS IN 2023 In recent years, the world has undergone a multitude of changes, and the home renovation industry is no different. Factors such as supply chain disruptions, project delays, and increasing costs have greatly impacted both new construction and ongoing renovation projects.
Lamacchia Realty
MAY 20, 2022
HOME RENOVATIONS IN 2022. It’s well known that the world has seen a multitude of changes over the past few years, and the home renovations world is no different. From supply chain delays and stoppages to inflation, home renovation and even new construction projects are feeling the impact. Supply Chain Issues.
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Appraisal Buzz
APRIL 11, 2022
It’s increasingly difficult for home appraisers to predict what will happen next, between seller booms and fluctuating mortgage rates. Millennials Still Prefer Renovating. Although the Sun Belt has seen impressive growth, the homeowning population as a whole would rather renovate than relocate. More Second Home Purchases.
Listing Spark
AUGUST 17, 2023
FHA Flipping Guidelines on the Seller Side: The Challenges of Selling to Buyers Who Are Pre-Approved for an FHA Mortgage As a house flipper, you don’t just have to worry about FHA flipping guidelines during the buying process; as the seller, you also have to be ready to accommodate the requirements of FHA-approved borrowers.
Will Springer Realtor
AUGUST 30, 2022
That could run about $31,427 and almost triple that amount for an upscale renovation, according to the same 2022 report. But costs for paint and stains are running as much as 50% higher since January 2021 because of supply-chain shortages. Looking to change out the tub and tile in a full bathroom?
Appraisal Buzz
SEPTEMBER 26, 2022
In 2021, more than 90% of builders reported backlogs and supply scarcity. COVID-19 caused breakdowns in the supply chain and labor shortages. These sellers often pick people with at least a 20% down payment, so being more open to negotiation can improve home affordability. The price of the items has risen as well.
Will Springer Realtor
MARCH 14, 2022
The supply chain, already strained, may come under renewed pressure with threats to shipping lines and air travel. Similar fears exist for the energy supply, equity markets, currencies, electric and internet grids, and defense of nations aligned against Russia. The answer is “very likely, yes.”.
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