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Real Estate Tips
Financing Your Home >Finicky Financiers

Buying an old house to fix up has an attraction for many people. If you can find a house with charm and character, a renovation may enable you to create just the living environment that you want. You should start with a good real estate agent to help you locate the right house and recommend lenders who make both acquisition and construction loans.

Financing a renovation is perhaps the most difficult part of the whole project, especially if the house needs extensive work. Few banks will make these loans to people who are not professional developers. You should prepare for your loan application by having a written proposal. It helps to have an engineer's report or architectural plans and to include estimates from contractors covering the costs and timetables for the work to be done. Your real estate agent can help you put together a market analysis of the neighborhood to show that you will not be over-improving the property compared with other homes in the area.

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Real Estate Trivia
Q 
What home product makes lawn mowing easier than ever?

A 
The Robomow, a robot lawn mower manufactured in the UK by Friendly Machines, can cut 6,000 square yards of lawn all by itself.
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Cherri Hill, REALTOR®, real estate agent and broker for Temple, Belton and Bell County, Texas home listings, property and land for sale - NUMBER1EXPERT

Cherri Hill
Century 21 Gail Roe & Associates

1216 S. 3st St.
Temple, TX 76504
254-913-2626
Fax: 254-774-1896
cherrihill@NUMBER1EXPERT.com

CENTURION Producer 1999-Present.... My experience as a CENTURY 21 associate, dedication to meet your needs and eagerness to serve you make me a great choice for your next home sale or purchase. I am your neighborhood specialist. Give me a call!

ABR CRS Equal Housing MLS REALTOR


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