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· Before committing to any project, remember that the value added to your home is based primarily on what the market is willing to pay. Keeping this in mind, along with the other tips we’ve shared, could help you increase your appraisal and ensure that you don’t spend money on renovations that don’t increase the value of your home.
· Simple, do-it-yourself home improvements can greatly enhance a home’s resale value. The two best rooms to remodel are the kitchen and baths. The two best rooms to remodel are the kitchen and baths. Homebuyers prefer central heat and air, and some loans such as the energy-efficient mortgage will provide funds for such updates upon purchase.
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Ultimately, the financial backing in a deal decides the property’s value, and it’s most often a bank or other nonbank mortgage lender making. [Read: How Climate Change Could Impact Your Home Value..
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· If for some reason your home has dropped in value, refinancing your home can tack on extra costs, such as private mortgage insurance. Borrowers with small down payments – or refinances with little equity – have to pay PMI until their equity reaches 20% of the home’s value.
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· These are the home improvement projects that will add value to your home when selling. Remove popcorn ceilings. Popcorn ceilings may not make or break a deal, but tend to date and devalue a house, causing potential buyers to look the other way. You can remove your popcorn ceiling yourself with the proper equipment,
One of the best marketing ideas for mortgage loan officers is to know their ideal customer and address their needs. Just imagine if you could have a personal advisor while looking for the house of your dreams – they meet any of your needs and wishes before you even say them out loud. You’d surely want to buy your home from them.