RIS Media

MARCH 21, 2025

If you’re looking for a completely customized home, a common question is whether to renovate an existing home or build a new construction home. Read on for factors to consider when deciding between a renovation or new construction.

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Housing Wire

JUNE 8, 2021

“The average home age in the United States is about 40 years old, so there’s a huge stock of homes that need to be renovated.”. Given the rising price of lumber and other construction costs, renovations may sound impractical. A fix’n’flip loan is designed to cover the costs of purchasing a home and renovating it.

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Housing Wire

JULY 16, 2024

Biden’s new plan would cap annual rent hikes at 5% for two years for landlords who manage 50 or more rental units, which the administration said would cover 20 million units, or roughly half of all rental units in the country. Exemptions would be provided to new construction and units with “substantial” renovation and rehabilitation.

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Housing Wire

FEBRUARY 12, 2024

During an Association of Independent Mortgage Experts conference in October 2023, AFR executive vice president Christopher Guerin said that the company had doubled its efforts to do more renovation loans. “We focus more on manufactured home financing and new-construction home financing instead of maybe fighting against some of those headwinds (..)

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Housing Wire

AUGUST 29, 2024

At HVPG, we recently completed a renovation at a senior living facility in Jersey City, a city experiencing rapid growth with almost 30% of its current population arriving in 2021 or 2022. Our renovation includes features such as step-free entrances, wider doorways, and bathroom modifications.

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Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. “Brokers need now to control things they can control, like their costs, and give the consumer options.”

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Housing Wire

JANUARY 9, 2024

Importantly, homeowners can also include 50% of their estimated rental income when applying for an FHA renovation loan to construct an ADU, which helps with DTI constraints. Draw structures for loans supporting new construction of ADUs, especially for prefab, are still “clunky.”

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Realtor.com

NOVEMBER 9, 2022

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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Housing Wire

NOVEMBER 30, 2021

New construction has been hit hard by supply chain disruptions and materials and labor shortages, and inventory of existing homes is tight. Fix and flip loans offer borrowers the ability to renovate and rehab older homes to make them more appealing to homebuyers once they’re placed back on the market.

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Realtor.com

NOVEMBER 17, 2022

Compare that with a preexisting home’s median price of $396,300 , and it’s clear that buying brand-new might set you back tens of thousands of dollars extra. But homebuyers should also know that they can lower the costs of new construction right when they make the purchase through some smart negotiation tactics.

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Housing Wire

JANUARY 3, 2024

million over that period to acquire 52 units and renovate several of its 50 existing units. Homebuilders also tend to build where it’s most cost-effective and faster, which means new construction tends to be concentrated in the Sun Belt.

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Housing Wire

NOVEMBER 25, 2020

Following extensive renovations that took nearly a year to complete, the property was resold to an owner-occupant buyer in July 2020. “A deal for me is a property I can buy for under $100,000, typically.”. Green gave the example of a Fort Wayne, Indiana, property he purchased on Auction.com via a bank-owned (REO) auction in July 2019.

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HomeLight

JULY 31, 2020

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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Housing Wire

APRIL 20, 2022

Homepoint’s “New Build program” connects homebuilders with business purpose construction financing through in-region mortgage brokers, with loan amounts up to $4 million per unit or $25 million per project.

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Realtor.com

JANUARY 11, 2023

Getty Images Many first-time homebuyers might presume they’re better off going used rather than new—in other words, purchasing a pre-existing property rather than pricey new construction. Unless you want to be waiting a long time to buy your first home, you should consider new-construction homes.

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Housing Wire

JUNE 30, 2022

Not only does Flagstar offer brokers direct access to seasoned sales, support and underwriting teams, it also provides a product set that includes specialty lending options like Advantage non-agency loan, jumbos, new construction, renovation products and HELOCs, and in the pipeline, loans to foreign nationals, seconds and investor property loans.

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Realty Biz

AUGUST 5, 2023

Buying a new construction home has its pros and cons. As the first owner, you'll enjoy the peace of mind of owning a brand-new property. New homes often require fewer repairs and updates since everything is up to date-and in good condition. For others, typical construction is what they have their hearts set on.

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Eye on Housing

MARCH 26, 2021

Older houses are less energy-efficient than new construction and ultimately will require remodeling and renovation in the future. According to the latest data from the 2019 American Community Survey (ACS), the median age of owner-occupied homes was 39 years. Moreover, as people use their homes for more purposes.

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RIS Media

AUGUST 27, 2020

While not every home needs a major renovation prior to listing, agents who want to build a pipeline that will withstand market ebbs and flows are leveraging the same strategy: helping sellers maximize profit with pre-sale renovations. Sellers Need to Stay Ahead of New Construction.

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Eye on Housing

FEBRUARY 7, 2023

Older houses are less energy-efficient than new construction and ultimately will require remodeling and renovation in the future. According to the latest data from the 2021 American Community Survey (ACS), the median age of owner-occupied homes was 40 years. Moreover, as people use their homes for more purposes.

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Housing Wire

FEBRUARY 8, 2024

With extensive experience in new construction home sales, Janet is certified in luxury home sales and specializes in relocation and new construction builder sales. Growing up in Savannah, Georgia, as the daughter of a builder and developer, she learned the processes involved in new home construction from her dad.

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BAM Media

APRIL 3, 2025

Its also worth noting that the new administrations tariff policy could drive up home values by raising the cost of building materials for new construction and home repairs and renovations. #3:

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Marco Santarelli

JANUARY 27, 2023

When it comes to investing in residential real estate, there are only two basic types of property you can invest in – new construction and resale. New construction properties are those that are purchased directly from the builder or developer who constructed the property. In short, they are considered brand new.

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HomeLight

FEBRUARY 23, 2021

Does a new construction meet your needs and your budget ? So let’s break down what you’ll pay with self-built, new construction, and existing homes, so you can narrow down your search enough to have a great real estate agent take you the rest of the way to your dream home. New construction.

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Brownstoner

SEPTEMBER 2, 2020

Set back from the street with its front garden hidden behind a fence, this intriguing little Williamsburg wood frame has been renovated with a cottage vibe, including wide-plank floorboards, tin ceilings and horizontal wood slat walls. Million appeared first on Brownstoner.

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Redfin

SEPTEMBER 25, 2020

“Listings of new homes aren’t bouncing back as quickly as listings of existing homes because, unlike individual homeowners, construction companies have to deal with lumber and labor shortages during the pandemic. They’re also competing for labor and materials with folks who are renovating their houses during quarantine.

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Realtor.com

NOVEMBER 30, 2021

That price is to include a complete renovation of the home, courtesy of the developer. No renovations have been performed as yet. The new construction would also include a six-car garage and two swimming pools. A developer, Todd Michael Glaser , bought the property and has big plans—hence the huge price tag.

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Redfin

MAY 11, 2021

But if your shower is beginning to feel outdated or is showing signs of wear, a shower renovation may be needed to breathe new life into your bathroom. From showerheads to tile selection, take a look at these bathroom shower renovation ideas to help inspire your soon-to-be remodel. . Shower layouts are key in a remodel.

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RIS Media

SEPTEMBER 8, 2020

While not every home needs a major renovation prior to listing, agents who want to build a pipeline that will withstand market ebbs and flows are leveraging the same strategy: helping sellers maximize profit with pre-sale renovations. Sellers Need to Stay Ahead of New Construction.

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Realtor.com

JANUARY 27, 2021

Build a buffer into your renovation budget. That’s why Lambert advises new investors to build a buffer of up to 25% into their rehab estimate. Finding the right contractor can help keep renovation costs in check—but right does not always mean the least expensive. Lyon agrees: “Focus on value-add renovations and amenities.

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AAOA

MARCH 31, 2025

Development Manager Salary Range : $50,000 $140,000 Oversees new construction or property renovations. Marketing Coordinator Salary Range : $37,000 $97,000 Designs and implements campaigns to attract tenants or investors, working closely with leasing teams and brokers.

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HomeLight

MARCH 31, 2022

“Our best customers, this is something they’ve been thinking about for a long time,” says Chad Hackmann, partner at Alair Homes Arlington , which provides custom-built homes and renovations in the Arlington, Virginia, area. A new HVAC typically ranges from $5,000 to $10,000. Get Started. Getting your team together.

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Windemere Buying

APRIL 26, 2023

However, the process of buying a fixer-upper comes with additional responsibilities compared to properties in better condition or new construction homes. VA renovation loan: With this loan, the home improvement costs are combined into the loan amount for the home purchase. How do I make an offer on a house?

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Realtor.com

OCTOBER 28, 2020

Does home insurance cover damage from renovations? A lot of homeowners don’t realize they need to take out a specific renovation policy if they’re doing major work, even if the contractor has a builder’s risk policy. “If someone gets hurt on the property, you’re liable,” she explains. ” 8.

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Realty Biz

JULY 20, 2022

This type of mortgage can be used, not only, to buy homes in rural areas, but also for renovations, new constructions, and relocating a house. The VA also offers Native American Direct Loans, to help Native American veterans buy, renovate, or construct a home. Down Payment Assistance.

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The Close

APRIL 3, 2025

of purchase price and 100% of renovation cost RCN Capital is a private lender that offers a variety of loan programs for real estate investors. Loan to value and loan to cost ratios : Fix and flip loans usually cover the purchase price and renovation costs separately, so make sure you know what your out-of-pocket costs will be.

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Realty Biz

NOVEMBER 8, 2021

Anyone looking for a career change that doesn’t have the advantage of a college degree could do a whole lot worse than retraining as a construction worker. Amid huge demand for new homes, at least 740,000 new construction workers will be needed each year for the next three years, according to a new report by the Home Builders Institute.

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