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(English) Money to Purchase AND Renovate Your Home

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9 comentarios
  1. Elizabeth
    Elizabeth Dice:

    Are there certain properties ‘better’ or more desireable for this type of loan than others? I know a few people looking for property that are, «handyman specials» …future first-time homeowners, new families that don’t have a lot but can work and do their repairs largely on their own or find licensed contractors at good rates. I’d like to tell them more about this program and help get those properties sold.

  2. Paul Welden
    Paul Welden Dice:

    Great info on the 203k, Dean. However, only the Standard/Full version of the 203k requires a minimum $5,000 in improvements. The Streamline 203k actually has a $0 minimum requirement for improvements.

    You are correct that proper education is key to a well-managed 203k. In fact, contractors receive their 203k education through the 203k Contractor Program and have the opportunity to become a Certified 203k Contractor, but only after completing an intense 203k education course, reading a ~100 page 203k Contractor Manual, passing a 6-page 203k test and having their license, insurance, references and financial stability verified. Go to http://203kContractors.com for more info.

    And keep up the good work of promoting the benefits of the 203k!

  3. Elizabeth
    Elizabeth Dice:

    Paul, I still don’t understand why you called me directly. Please do not call me again. I don’t think the KCM blog folks would like to know that you contacted me unsolicited. Just because I post a question on a blog doesn’t give you the OK to call me at my place of work. I was looking for a response in the comments here…like I am doing now. Your link has nothing to do with what I asked about.

  4. Olivia
    Olivia Dice:

    These are great tips for first home buyers like myself. I have also found that locating reputable contractors and having a good relationship with them is important. When I replaced the roof on my home, I worked with the roofing companies in Honolulu and they helped me to decide on the best roof type for my budget. I think renovating your home and keeping it maintained is important to helping keep your home’s value.


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