The sense of self accomplishment with the potential of saving money, there are thousands of people with the same mentality as you out there.
To all those DIY homeowners, before you start picking up the drill, consider how much is it really worth your time and money? A work done wrong could cost you twice as much in the future, besides all the dangers you could be exposed to when trying to perform such renovations yourself.
The homeowner started the renovations around the house by himself, but then decided not to fund it all on his own. So then, we jumped into his project by executing a refinance and renovation loan through Fannie Mae HomeStyle.
After Improved Value
Check below for details of the work:
Renovations can include interior and exterior repairs and cosmetic improvements such as the items listed below:
Renovations cannot consist of:
A renovation loan can help you finish out a property that isn't 100% completed on the inside. A FannieMae HomeStyle loan is perfect for this scenario since you can borrow up to 50% of the "as completed" value rather than the current value of the property.