article thumbnail

7 Stages of the Home Construction Process

Louisville Homes

When it comes to embarking on a home construction project, there’s no denying the excitement it brings. The prospect of designing and seeing the construction is a journey filled with anticipation. However, it’s also a complex process that can overwhelm without proper guidance. That’s why we have written this article.

Staging 52
article thumbnail

Become a New Home Construction Expert

The Residential Specialist

New home construction can be a profitable niche for real estate professionals who are willing to dedicate the time and effort By Myrna Traylor Most residential real estate professionals enter the real estate field with an eye on the largest market—resales of existing homes. New construction is always seen as much more expensive.

Insiders

Sign Up for our Newsletter

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

article thumbnail

What Are The Upsides and Downsides of Virtual Staging?

Realty Biz

Virtual staging offers both advantages and disadvantages in the real estate industry. Using virtual tools, properties can be showcased with furniture and decor without physical staging. Considering the pros and cons is essential in deciding if virtual staging is the right choice for a specific property and target market.

Staging 112
article thumbnail

NAR’s Lawrence Yun predicts lower rates, 15% jump in existing-home sales in 2024

Housing Wire

Yun took the stage on Tuesday at NAR NXT , the trade group’s annual conference in Anaheim, California. He began his presentation during the “Residential Economic Issues and Trends Forum” by analyzing the data points that impacted 2023 real estate conditions before diving into forecasts for next year. .”

Sales 450
article thumbnail

The state of the homebuilding market

Housing Wire

Our upcoming State of the Residential Construction Industry (SORCI) Report will reflect how builders have braced for impact: Despite the rate of new contracts slowing, margins didn’t decrease. Fortunately, it’s not all bad news. of builders showed profitability with $1 million plus contracts on average. Subcontractor Delays.

Marketing 454
article thumbnail

Need a Loan To Build a Home? How Construction Loans Work

Realtor.com

Instead, you might need a construction loan. In this installment from our Guide to Building Your Own Home , we’ll cover everything you need to know about construction loans. What is a construction loan? This down payment is based on the combined cost of the land and estimated construction costs. For instance?

Loans 120
article thumbnail

New Year, New Home? 9 Myths About Buying a New-Construction House That Actually Aren’t True

Realtor.com

While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. With that in mind, we’re here to set the record straight on some easily busted new-construction myths that just won’t quit. New construction homes are more expensive.