Red Flags To Look For When Hiring a General Contractor and The Best Way to Avoid Renovation and Construction Disasters!

At the ripe age of 26 and with a great level of naivete and hubris I embarked on the process of building a home. My then husband and I decided that we would be perfectly capable of being our own general contractor. This I believe now is a clear sign of the hubris of youth! We thought that because we had grown up in the area where we were building and knew a lot of people that we would be able to easily find subcontractors to work on our home build. This assumption turned out to be our downfall and a true life lesson. We ended up hiring friends of the family to paint, the father of one of my high school friend’s father as a finish carpenter and a plumber that came highly recommended by our neighbors. In a perfect world this would have all added up to major savings and the security of knowing the people you were working with. However, this is not a perfect world and in the end we often couldn’t get a hold of my high school friend’s father and after charging us for a ridiculous amount of copper piping the plumber that came so highly recommended disappeared and with him all of the pipe.

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The Consultant in Your Corner: What is Required to Become a 203k Consultant and Why You Need One!

Fifteen years ago I built a house in Gilmanton, NH.  We were young and had a limited budget, so we decided to be the general contractors and often the construction workers as well.  We cleared the land, mapped out the foundation, hired all of the contractors, filled out all of the paperwork and the list goes on.  We used word of mouth and our own limited vetting skills to hire contractors, plumbers, electricians, and carpenters.  I am sad to report that more than one of the “professionals” that we hired did not complete their work, didn’t show up on the days they were scheduled and requested payments that far exceeded their initial bids.  Our lack of experience and knowledge cost us lots of time and money!  In hindsight, I would definitely hire a general contractor, I wish I had, had someone to guide me through the complex process.  

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How Can You Buy That Diamond in the Rough Property and Make it Your Palace?

Residential-home

One of the best parts about New England are all the quaint and historic properties that pepper its small towns and cities alike. As you drive along any New England highway or dirt covered back road you are bound to see several beautiful cape cod style houses, old Victorians, or classic salt boxes. Who hasn’t wondered what it might be like to live in one of these gems?

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Advantages of a HUD 203(k) Rehab Loan for First-time Home Buyers

In this month’s Advanced Home Inspection blog, we discuss the many advantages of a HUD 203(k) rehab loan. With high home prices and low inventories throughout the state, many first-time home buyers in New Hampshire are entering the housing market with the help of a HUD 203(k) rehab loan.

What is a HUD 203(k) Rehab Loan?

The HUD 203(k) rehab loan is a specialized renovation or construction loan that’s backed by the Federal Housing Administration. It is unique in that people can borrow money equal to the estimated appraised value of their home after the repair work is completed. No other rehab loan (or other type of loan) offers this.
“Through a 203(k), you can get into a home at a lower price than you could through any other loan program,” says David Cassavaugh, licensed home inspector and owner of AHINH, one of the only certified HUD 203(k) consultants in NH.
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