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.
Jill Moylan, Owner of Home Advantage Realty, LLC Home Advantage Realty, LLC 2615 Devine Street Columbia SC 29205 Cell: 803-608-4663 803 771-2424 Fax: 803-771-2422 Email: JillRMoylan@gmail.com
Jill Moylan began Home Advantage Realty nearly two decades ago after
recognizing a need for more personalized and responsive service in the
Columbia, SC real estate industry. Since that time, she and her talented group of agents have provided high quality, professional service to hundreds of satisfied clients. With exceptional services for both buyers and sellers, we are dedicated to ensuring that we not only meet but exceed your expectations. Please call or e-mail us today if we can help you in any way. Our priority is understanding your
priorities. There's a better way to buy a home than spending hours in a car
and on the internet.
Check out our testimonials from many satisfied clients!
Experienced. Personalized. Professional.
Since 1991.
www.HomeAdvantageRealty.com is brought to you by
Jill Moylan NUMBER1EXPERT™ in real estate for
Columbia, South Carolina
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