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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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roofing

When Should I Change My Asphalt Roof?

The most obvious time to change your roofing material is when it begins to leak…but, that’s not always true. I use this 4 stage method when performing a roof inspection. Remember that the roof’s life span can be shortened by a number of factors, including (but certainly not limited to) poor attic ventilation, hail damage […]

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hud_logo (1)

203(k) Loan Requirements Disclosure

Borrower – You’ll be asked to sign quite a few documents on the road to residential rehab. The following are borrower acknowledgements, instructions and disclosures for the FHA 203(k) Loan. The borrower and the lender are asked to sign HUD-92700-A prior to obtaining the loan. If you have, in fact, not seen this info, ask your […]

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Oscars for Remodeling – More Drama Than a Kardashian Divorce

I ran across this piece submitted by Paul Lesieur of Remodel Crazy. Great pun on the drama that sometimes surrounds a residential rehab project. How about giving out Oscars for remodeling? We could have 4 categories. Best Dramatic Performance by a Homeowner or Contractor. Nominees are: Mrs. Buttwig, homeowner and president of Women for Chocolate. For […]

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