Keeping Up with Casey: RENOVATION LOANS
Maybe you know the location you want to live, but the only homes available are fixer-uppers. Or what if there’s a home with a great foundation and good bones, but the layout just doesn’t work for you and your family. A renovation purchase loan can help you create the home you really want. We’ll simply include the cost of the renovations into the sales price of the home, so that you have just one loan and one monthly payment---and the home of your dreams.
Do you wake up and walk into a bathroom you don’t love anymore? Then step into a kitchen that doesn’t function properly? Maybe then you turn and look into a wall instead of an open concept you really wish you had? If these are similar situations you find yourself in, consider a renovation refinance to help deliver your perfect home. The costs of renovations will be rolled into your mortgage when you refinance so you don’t have to worry about paying two loans.
Depending on your renovation loan, the types of repairs you can make fall into one of two categories: Required Repairs brings the property up to code, while Optional Repairs help modernize or improve a property.
- Replace Roof
- Upgrade Electrical
- Plumbing Repairs
- Repair termite damage
- Mold remediation
- Interior or exterior paint
- Ventilate attic and crawl spaces
- Install smoke detectors
- Foundation Repair
Optional Repairs
- Kitchen updates
- Bathroom remodel
- New flooring
- Room addition
- Pool/Outdoor living space
- Energy-efficient improvements
- Repainting inside/outside
- Siding
- Landscaping
Your Renovation Loan Process
The process is simple and stress-free and you will have me walking you through each step as we go.
- Application
- Bids & Repairs
- Appraisal
- Closing
- Renovation Begins
Please contact me directly to discuss your particular situation and to learn more about renovation financing!
NMLS#: 516678 |
1201 Wakarusa Drive, Building C, Suite 1B |
