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Buying a Fixer-Upper

Windemere Buying

However, the process of buying a fixer-upper comes with additional responsibilities compared to properties in better condition or new construction homes. Extra consultations, inspections, and appraisals are often required in the loan process, but they help guide the work and resulting home value.

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Top 10 Things Appraisers Wish Real Estate Agents Understood

McKissock

” “There is a lot of research and number crunching to do, so asking for a value at time of inspection is a no go.” ” “When to use new construction or remodeled construction as a comparable.” ” “We do not adjust dollar for dollar with regards to upgrades/renovations/updates.

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Building a New Home vs. Buying an Existing Home

Rent, Buy & Sell

So you want a home that is brand new rather than one that has been previously lived in. Great, now you need to decide if you want to self-build your home or purchase a new construction. New Construction Home. New build homes are more costly upfront, however they have fewer repairs initially than an existing home.

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11 Things to Do Before Listing Your Home That Are Worth the Effort

HomeLight

Gather repair and renovation records. If you’ve lived in your home for a significant length of time, chances are you have the records or receipts for appliance repairs and upgrades, renovations big and small, as well as services to your HVAC and fireplace. Consider a pre-sale inspection. Source: (Ricky Singh / Unsplash).

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10 Steps for Navigating the New Construction Home Buying Process

HomeLight

The average cost of building a new house can range between $165,563 and $474,977 , and it could save you up to 15% in comparison to buying an existing home — but what do you know about the new construction homebuying process? Have you weighed all the pros and cons of buying new? Pros of new construction.

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Buying a New-Construction Home: Pros and Cons All Homebuyers Should Know

Realtor.com

Getty Images While buying a newly built home may not be the first thought to come to mind for homebuyers, purchasing new construction is a common option that comes with distinct benefits in today’s market. New construction can refer to single-family homes, condos , or apartments, and are available across the U.S.

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Buying a Historic Home? What to Know Before Buying and How to Preserve it

Redfin

These qualities are what sets them apart from new construction, such as a modern craftsman home or ranch style house. But, buyers beware, owning a historic home isn’t always as easy and breezy as maintaining a newly constructed one. This may include choices for paint color, window type, and renovations.