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Homebuyers turn to aging properties as construction lags

Housing Wire

The trend reflects a long-term slowdown in new home construction and growing affordability challenges. Without more construction, buyers are forced to choose from a pool of aging properties that present a new set of financial challenges, especially for those trying to save enough money to climb onto the property ladder.

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Opportunities to improve the home-building process

Housing Wire

And for those who still want to build a home from scratch, rising construction costs , limited lot sizes, and excessive red tape can make the process seem insurmountable. Considering how much construction technology, materials, and techniques have evolved, building a new home should be far simpler than it is. Opportunities to innovate.

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Opinion: Investors play key role in providing affordable housing options

Housing Wire

Selling a home typically involves nearly 10% in transaction fees between real estate agents , title companies, inspections, and other expenses. Instead, we prefer a “certified” pre-owned car that has gone through a multi-point inspection with all of the preventative maintenance up to date. There’s an even more subtle consideration.

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Top 5 home improvement projects real estate agents should recommend to sellers

Housing Wire

When making pre-listing repairs or renovations, different projects can result in vastly different returns. These days, buyers want move-in ready homes – they don’t want to face huge construction projects before they can get settled. Because of this, a dated kitchen can turn buyers away and cause a house to sit on the market for longer.

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2020 HW Tech Trendsetter: Sean Faries

Housing Wire

Land Gorilla founder and CEO Sean Faries is relentless in his pursuit of technology innovations that drive efficiency while simultaneously reducing risk in construction and renovation lending. Faries believes technology should enhance digital experiences for all project stakeholders.

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How Much Does It Cost to Level a House?

HomeLight

Poor construction: Foundations not built to handle local soil types or climate conditions can become unstable. Other contributing factors include natural disasters, seismic events, or home renovations, like adding floors, which increase the structure’s weight. Poorly compacted soil can also cause a foundation to shift.

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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.