If you want a single loan to purchase and renovate a property, two of the most popular options are HomeStyle loans and 203(k) loans, which are supported by the FHA. With knowledge on both of these choices, you can...
Remodeling can be expensive, but it's often justified because, as many claim, it will add value to their home. But is this completely true? As we’ll see, renovations may not, in fact, be a strong financial investment, but that...
HomeStyle renovation loans create new buying options for borrowers all across the country. For many reasons, the time could not be better for using this financing, which allows you to fund a purchase and renovations in a single loan. Why...
Every seller wants to get the most value from their home. In many cases, this means making updates to the property; updates that will attract buyers, increase bidding competition, and enhance the perceived value of the property, which can...
If you find the almost-perfect home, one that has the best location, the right floor space, and the perfect amount of rooms, but also needs repairs and maintenance, you might pass on the property. Before you disregard the almost-perfect...
Sometimes we all need a little more space. Whether you are looking to expand the living room, add a bathroom to one side of the house, or build a complete master suite, a home addition allows you to craft...
Having additional living space on your property can bring many benefits, ranging from mere convenience to additional income that can last for decades. Typically, people build accessory dwelling units, also known as “ADUs” or “granny flats” on their property...
When you remodel a home, you can reasonably expect to increase the value of your property. But by how much? What’s the return-on-investment, or “ROI” on a remodeling project? Will you get all your money back? Will you make...
There are two types of home buyers, those who want to buy an existing home in an established neighborhood or subdivision and someone who wants a brand new home that’s never been lived in before. New construction vs. existing...
Fannie Mae’s HomeStyle Renovation program is an essential option for many borrowers. Sometimes a borrower wants to purchase a home that needs significant upgrades, repairs, and improvements, but most mortgage products only provide enough funding for the purchase of...