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Amerifirst blog

 Explore our blog for insights on buying, financing, remodeling, and taking care of your home.

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DIY Home Decor: How HGTV is Affecting the Housing Market

We live in an instant-gratification society. We want what we want, and we want it now. Some of this is simply human nature. Some of the fault for this lies at the feet of our mass media. We're trained to think a complicated murder investigation can be solved and prosecuted in an hour TV show. Such is the case when it comes to all things home related.


Thanks to networks like the DIY Network and HGTV, we have become accustomed to seeing home renovations wrapped up in a single episode, by homeowners just like you and me. However, that's not how real life works. In real life, remodeling projects take time and a lot of work. Sometimes, they even take the work of a professional!


I recently received the email below from the owner of a construction company that specializes in helping homeowners and home buyers fix up their homes with something called a renovation mortgage. This kind of home loan allows you to roll the cost of construction into the mortgage, all based on the after-improved value of the house. Check out what Josh Smith with Front Porch Group has to say about our "need it now" culture.


What HGTV Is Not Telling You
Everyone loves HGTV.  Property Brothers, Rehab Addicts, House Hunters, Fixer Upper - they are all great shows.

I would bet you have heard clients say, "I saw that on HGTV!"  But there is one thing that HGTV does not talk about in 99% of their programs. That is: How can I get financing to do all these awesome renovations?

Tell your clients about renovation loans.  Ask them, "What's your reason for buying and renovating?  Want to be your own HGTV star?"

We have projects going right now in Sturgis, Battle Creek, Newaygo, Holland, Grand Rapids, Saranac, Paw Paw, Portage, and others.  We can make your client's HGTV dreams happen!

We are a specialty general contractor who focuses on a very tight niche. We ONLY do repairs/renovations that are part of a home purchase. We ONLY work with home buyers, lenders, and real estate agents. We ONLY work with FHA 203k, HomeStyle, and Escrow Repair Loans.  
Josh Smith | Builder & Owner | Front Porch Group, Inc.

That's a pretty direct email with good information directed towards other housing market professionals. But home buyers can take the knowledge and put it to use. 

What is a Renovation Mortgage?

Picture this scene: you’re tired of renting and you want to find your own house. As you begin to explore the neighborhoods in which you’d like to live, you find many foreclosed homes up for sale. Many times, these homes are in disrepair. Sometimes they’re missing things like appliances, the furnace or a water heater. But with prices what they are, it’s hard to walk away from these properties. Enter home improvement loans – also known as the Renovation Mortgage.


You can take advantage of one of these programs and roll the cost of repairs, renovation, rehabilitation and home improvements into the mortgage and pay just one monthly payment. The benefit to this is that you can then write off the interest on your taxes. You can’t do that when you finance the work and supplies on a credit card or store credit line.

A renovation mortgage allows you to buy the house in its current condition and assume the responsibility of making the necessary repairs. So you can buy the house in “as-is” condition with a mortgage that takes into account the after-improved value once the work is completed. The cost of the work is amortized over the life of the mortgage, and stays with the home in the event that you decide to sell.


This is not a do-it-yourself home improvement loan. Renovation mortgages require licensed professionals for most of the work. This protects you and the lender in case the work does not get finished. Unfinished work devalues the home, and makes life difficult for all parties involved.


Renovation mortgages can include several options. Learn about your options in the guide below.

Download: Home Improvement Loan Guide 

image source HGTV

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