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3 Land Mines to Avoid When Moving a House Using an FHA 203(k)

Moving a house to vacant land. An older home is being either torn down or moved. Your client has chosen to purchase the house and have it moved. She wants to finance the deal with an FHA 203(k) Mortgage. The borrower owns the land and has an agreement with house mover to relocate the building. The […]

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Granite Quary

Granite :: The Love/Hate Relationship

For millions of years we’ve been cutting stone. Early humans used stone tools to hunt and to defend themselves. As far back as 5,000 B.C. man has created stone structures. It has a classic durable quality and embodies a uniqueness like no other natural building product. But…talk about getting run over by the “Fad Freight Train”! Are […]

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Preventing Waste Line Noise in a Two Story Home

The Issue We’re at the inspection and I ask my client to stand near a downstairs wall that I suspect holds the waste line for an upstairs toilet. Before heading upstairs I asked her to listen for sounds of rushing water. I flush. I hear a few comments from the downstairs “listener” (and they’re not […]

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Successful Kitchen Remodeling

Homeowner’s Workbook: How to Remodel Your Kitchen General contractors, home builders, and more ∨Before you throw your next party, browse a wide selection of bar glasses, glassware sets and serving trays. Share photos of the kitchen cabinets and kitchen sinks you like with a top kitchen remodeler in your area.

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Inspectors, Do You Show Your Work? Attic Ventilation 101

Warning :: This topic includes concentration, calculation and brand specific data that could be harmful if not used with care. Enter at your own risk. Comments and opinions that stretch beyond the Standards of Practice (SoP) for a Visual Home Inspection can land you in a pile of trouble. Don’t get me wrong here, I […]

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Remodel Budget

203(k) Budget Allowances – I could use some extra money!

Mr Smith,  I was wondering some things about the construction bid on our house in Natchez. If the contractor has given me an allowance for an item, and I don’t use the entire allowance, can the access amount be rolled to another item? For example: an allowance of $250 for a vent hood, but I find […]

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eyeondollar

Investor 203(k) Introduced in the House

This week, Congressman Howard “Buck” McKeon (R-CA 25) and Congressman Scott Peters (D- CA 52) introduced H.R. 1997, the Communities Achieving Sustainability Act (CASA). CASA Authorizes the Housing Urban Development (HUD) to make 203k loans to small investors for a 2-year period. This legislation will help revitalize communities (especially those hurt most by the recent […]

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AI_Reports

Appraisal Institute Releases Helpful Addendum, Green Home Clarification

A few weeks ago I shared that “Greening the MLS” can help disclose the addition of energy efficient elements in residential construction and how that might affect the liabilities of the MLS system. Last week the Appraisal Institute introduced the Residential Green & Energy Efficiency Addendum, Version 2.0. Laura Stukel, an efficiency “insider,” is developing the Real Estate Transaction […]

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