article thumbnail

HUD affordability plan doesn’t include lowering FHA premiums

Housing Wire

Senior officials at the Department of Housing and Urban Development , which houses the FHA, said today during a press briefing that it would focus on improving financing for manufactured homes and revamp its renovation financing. A senior HUD official said that updating its 203K program to make it more usable is a “high priority.”

article thumbnail

The Intersection of Eco-friendly Practices and Efficient Plumbing Systems

Cleveland Appraisal Blog

Before you embark on a complete bathroom renovation, take heart. Regular inspections are important to catch plumbing issues and maintain an efficient plumbing and water transport system. However, you’ve got a clogged drain with who knows what kind of sludge and your water bill hasn’t decreased at all.

Appraisal 254
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 Top Tips for a Great Home Appraisal: A Checklist to Prepare Your Property

PennyMac

Home improvements and renovations. This can include anything from the central air system you installed 10 years ago to the kitchen flooring and countertops you just renovated (along with the new oven and fridge to match, of course). An appraiser will also evaluate your home's foundation and its condition.

article thumbnail

Decoding a Commercial Appraisal: Insider Insights

AmeriMac

The commercial appraisal serves as a crucial tool in real estate transactions, helping buyers and sellers determine a fair price for the property. Next, the appraiser will gather relevant information about the property, such as property records, tax assessments, and any available documentation on recent improvements or renovations.

article thumbnail

When Should You Downsize Your Home?

Assurance Financial

If you want to downsize because you’re looking for a different layout for your home or to have different amenities, consider whether it might make more sense to reorganize or renovate your current home. Many homeowners whose needs change often decide to take out a second mortgage to fund their renovations.

article thumbnail

Gross Living Area Discrepancies with Public Data May Differ and How They Occur

Boston Appraisal

For example, public records may not reflect any renovations or additions that have been made to the property since the records were created. This is done through a thorough and meticulous process, where the inspector will use specialized tools and techniques to measure every room, hallway, and other living space within the property.

article thumbnail

Gross Living Area Discrepancies with Public Data May Differ and How They Occur

Boston Appraisal

For example, public records may not reflect any renovations or additions that have been made to the property since the records were created. This is done through a thorough and meticulous process, where the inspector will use specialized tools and techniques to measure every room, hallway, and other living space within the property.