A Few Extra Foots: HomeStyle Renovation loan can add Square Footage

By Leesa Sandoval | Conventional Rehab

Feb 22

HomeStyle Renovaiton Home Addition

Homeowners in Dallas, TX have added a little family member! The HomeStyle Renovation will  be adding square footage to the house they have called home for over 7 years.

This family will have the opportunity to remain in the neighborhood they have loved for so many years.

This project had a total budget of about $60,000.00. Find more project information below, but please remember that the Fannie Mae HomeStyle Renovation is a Conventional Mortgage and all of the repair cost is rolled in to one mortgage with one mortgage payment.

Fannie Mae HomeStyle Numbers

Base Bid

Contingency

Inspections

$58,620

10%

5

After improved value of ​$195,000.00

Before we tell you the renovation specifics , we need to know the property specifics. The one story home was built in 1954 and the interior has seen several upgrades over the years keeping things modern.

Outward is mostly brick veneer with some wood siding with a composition shingle roof. The property currently has 2 bedrooms and 1 bath that was built on pier and beam foundation. But not for long...

They are adding a bedroom and bathroom making it  3 bedroom, 2 bath home. The addition will go on the rear of the home  and create a more spacious family room as well.

With the power of HomeStyle renovation the plumbing, electric, roof on addition, framing upgraded HVAC is all rolled in to the loan!

The additional bathroom and bedroom will be the new master and a big upgrade for this growing Texas family.

Take a look at the before pictures of the back of the home and a few plans and specs for the upcoming project as well.

Addition site

Addition site

Plans for addition

Plans for addition

Addition progress - Foundation

Addition progress - Foundation

Addition progress - Foundation

Did you know this about the HomeStyle Renovation Loan?

HomeStyle Renovation allows financing a complete pool installation! Maybe you have been talking about adding a pool to the backyard for some time? Now you know the HomeStyle Renovation loan is here to help. Roll in the cost of the pool itself and the surrounding area to create the perfect way to cool off and BBQ next summer.

Repairs don’t scare me and they shouldn’t scare you either. Call me today to discuss renovation loan options.

About the Author

• Leesa Sandoval • 972.725.9110 ⇒ I have been a Mortgage Loan Consultant in Dallas, TX for over 13 years, and I specialize in FHA 203k Rehab Mortgage Financing .....(Read Full Profile)

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