article thumbnail

Renovation loans get pandemic boost as homeowners want home offices

Housing Wire

The Federal Housing Administration’s 203(k) rehabilitation mortgage insurance program is designed for borrowers to renovate when they purchase or refinance. For over 40 years with Section 203(k) of the National Housing Act, FHA has been protecting lenders with fully-insured mortgage loans even as renovations are underway.

article thumbnail

What renovations will add value to my home?

Housing Wire

We all love the feeling of a refreshed, renovated home, and being able to enjoy it instills a sense of pride in its owner. That’s partly why people are spending significant time, energy and money on home renovation projects these days. Despite this, there are some renovations that are worth their price tags. NMLS #412915.

Insiders

Sign Up for our Newsletter

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

article thumbnail

To Renovate or Not To Renovate Before You Sell

Keeping Current Matters

However, with so many buyers competing for available homes right now, renovations may not be as vital as they would be in a more normal market. Spending costly time and money on renovations before you sell might just mean you’ll miss your key window of opportunity. There aren’t enough homes for sale right now.

article thumbnail

The Big Question: Should You Renovate or Move?

Keeping Current Matters

Recently, the American Institute of Architects released their AIA Home Design Trends Survey results for Q3 2021. If you’re a homeowner who wants to add any of the above, you have two options: renovate your current house or buy a home that already has the spaces you desire. The difference in the cost of a renovation versus a purchase.

article thumbnail

How to Use Virtual Renovation to Renovate a Home

Realty Biz

In recent years, virtual renovation has emerged as a groundbreaking tool that allows homeowners, designers, and contractors to visualize and plan home renovation projects in a virtual space. Benefits of Virtual Renovation Cost-Efficiency : Reduces the risk of costly mistakes. Steps to Virtual Renovation 1.

article thumbnail

The Best Use of Time (and Money) When It Comes to Renovations

Keeping Current Matters

They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – renovate before selling. If you’re a seller trying to decide whether or not to renovate, this is especially important because it’s indicative of buyer behavior. Not all renovation projects are equal. Bottom Line.

article thumbnail

The Complete Guide To Designing and Renovating Your Kitchen

RISMedia

By Brooke Chaplan Designing and renovating your kitchen can be a daunting task, especially if it's your first time. A kitchen is the heart of a home, and its design speaks volumes about your personality and lifestyle. A well-designed kitchen can significantly boost the value of your home.