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Many baby boomers live in “time capsules” that need renovations to age in place

Housing Wire

Fifty-five percent of surveyed baby boomers plan to remain in their existing homes as they age, but less than a quarter of those surveyed have any plans to renovate their homes to more safely and easily accommodate natural changes that come with aging.

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Regions Bank places $1B bet on home renovation market

Housing Wire

EnerBank says it works with 10,000 contractors and develops personalized loan programs for their clients. Per a study from Harvard University’s Joint Center for Housing Studies, renovation financing is expected to increase 3.3% The post Regions Bank places $1B bet on home renovation market appeared first on HousingWire.

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Seven Mixed-Use Developments Get $4.5M Funding in Pennsylvania

Realty Biz

million in funding for the construction or renovation of mixed-use developments. This financial support was generated through the sale of tax credits under the Mixed-Use Development Tax Credit Program, with the proceeds being channeled into the Community Revitalization Fund Program. Joseph Development GetBlok.io

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Why You Should Work With Your Contractor to Develop a Detailed Renovation Timeline

RIS Media

You Need to Understand How Long It Will Take to Renovate. Customers who have never had a home renovated often have no idea how long various projects take. Knowing how long renovations will take will allow you to plan accordingly. Knowing what to expect can help you deal with the stress of home renovations.

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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.

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The share of owner-occupants buying foreclosures has doubled — here’s why

Housing Wire

Meanwhile, innovation-driven transparency is helping to make distressed property auctions more accessible for these owner-occupant buyers as well as for local community developer buyers who, it turns out, sell most of their renovated foreclosures to owner-occupants. Department of Housing and Urban Development (HUD) in August 2022.

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HUD’s green retrofitting program issues $173M in grants and loans

Housing Wire

Department of Housing and Urban Development (HUD) on Thursday announced $173.8 These grants and loans “will support energy efficiency and climate resilience renovations at 25 properties participating in HUD’s multifamily project-based rental assistance programs for low-income individuals, families, and seniors,” HUD explained.

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