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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. How to minimize tenant turnover using online property management tools. Here’s a look at why tenant turnover happens and how to prevent it in the future.

Finance 358
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HUD, White House announce new initiatives designed to boost housing supply

Housing Wire

HUD is using every single tool we have to ensure the families we serve can access affordable homes. billion in funding to build or renovate rental homes since 2021, assisting 45,000 households in that time, according to the White House. HUD has allocated $4.35

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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

I can also provide expert advice about renovations and the potential return on investment — where to get the biggest bang for your buck — or simply answer any questions you have about the market. It even integrates with commonly used tools like Salesforce , Follow Up Boss and Hubspot so you can easily target your existing contact lists.

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Institutional SFR players are stuck in the doldrums

Housing Wire

The lawsuit claims further that the company “ignored permitting laws to avoid fees and increased taxes as well as to get renovated homes on the rental market as soon as possible.” Invitation Homes (IH) spent about $25,000 on renovations per home for its California SFR portfolio, pleadings in the lawsuit state.

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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.

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How to Price Your Home for the Current Market

Eppraisal

Online Home Value Estimation Informal home appraisal tools can give you ballpark estimates of how much your property is worth. Few available rentals can drive up rents and may incentivize tenants to buy houses instead. These online calculators are data-driven but leave out key details appraisers factor in when generating reports.

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Yield on Cost: A Beginner’s Guide

Property Metrics

Finally, we’ll take a look at how to calculate the yield on cost for specific construction or renovation projects. Market rent is $28 per rentable square foot and you expect to pay $10 per square foot in fixed operating expenses as the landlord, with all other operating expenses reimbursed by the tenant. The yield on cost of 9.6%