Explore our blog for insights on buying, financing, remodeling, and taking care of your home.
Buying a home that needs some love can be overwhelming. It can also be a smart investment. If you're thinking about buying a fixer-upper, you already know that it's going to take a little elbow grease to make it livable. You probably also know that these types of homes can often be snatched up at bargain prices and in neighborhoods where you want to live. And once it's yours, you can paint, remodel and refresh the property to make it your own. Gourmet kitchen, movie room, home office, party deck - the possibilities are endless.
Home foreclosures are, unfortunately, happening in every part of the country due to the economy but this provides an excellent opportunity for many. Buying a home foreclosure can save you a great deal of money. A foreclosure can come to you in excellent condition or may be in need of repairs. If the home you are interested in "needs repairs," there are many things you can do to renovate and repair without busting your budget.
Searching for the perfect home has become quite the chore in the last couple of years. The headlines say it all - housing stock is down. This means you as a buyer have fewer homes to choose from on the market. What's a buyer to do? This can be especially frustrating for a first time home buyer, as most first timers don't have the means to get into a bidding war. There's an option out there for financing your dream home - even if it looks like a nightmare. The FHA 203k renovation mortgage puts the low down payment option of the FHA loan to work with the power of after-improved value once the remodeling is finished.