Maybe you have just purchased that diamond in the rough, the house with the good bones and beautiful architecture, but the bathroom tile resembles Pepto bismal and your kitchen has army green linoleum that matches the ancient appliances. Or perhaps, you have lived in your home for years and now that abundance of oak in your kitchen has gotten old or the once glorious jet tub ceased to sooth your aching muscles long ago or you plan to sell your house soon, it is probably time to make some changes to your home. There are many things to consider when you approach either of these type of renovations. Perhaps, after careful consideration you may decide you want to renovate both of these spaces.Continue reading “Getting the Most Bang for Your Buck- Renovate Your Kitchen and Bathroom!”
As a child growing up in New Hampshire one of my favorite parts of winter was the beautiful icicles that would form on the gutters of my house. I was convinced that Jack Frost had left them just for me. Not only did I love the way they sparkled in the sun, but I would wait with great anticipation for them to fall off the roof so that I could have an icy treat. Little did I know then that they could be a sign of trouble to come. Not only could the larger ones fall and hurt someone, but they could be a precursor to ice damming on the roof. As a child you don’t think of all the dangers and damage that could be caused by those lovely prisms of ice, but as an adult and a home owner they are something to be feared.
What is an Ice Dam?Continue reading “Icicles Can be a Sign of Danger! Ice Damming can Lead to Serious Damage!”
With today’s dwindling housing supply, many homebuyers are considering “fixer-uppers.” However, after closing on a traditional loan, many people–especially first-time homebuyers–lack the funds needed to make to make the required renovations. But thanks to the HUD 203(k) and Fannie Mae Homestyle rehab loans, the dream of owning a home is becoming a reality for more people. But which is the best option for you? In this month’s blog, the experts at Advanced Home Inspection compare the HUD 203(k) and Fannie Mae HomeStyle rehab loan.
Both HUD 203(k) and Fannie Mae HomeStyle rehab loans are available for purchase and refinance transactions. And while both are essentially “one time close construction loans,” each allows for different repairs and carries different requirements.
This guide will help you find the best rehab loan for your needs.
Continue reading “Rehab Loan Options: HUD 203(k) vs. Fannie Mae Homestyle Loan”