Fannie Mae HomeStyle Renovation
Homeowners in Carrollton Texas used the Fannie Mae HomeStyle Renovation Loan to expand and remodel their home. After 8 years in the same home a growing family of four decied it was time to make a change. Sometimes the best move can be no move at all when you use a rehab loan like these crafty homeowners
The Fannie Mae HomeStyle Renovation loan for this house allowed a total budget of about $75,00.00. Take a look at the project details and pictures below to have a better understanding of how the loan works and what it can do for you!
Base Bid
Contingency
Inspections
$72,186
10%
5
After improved value of ​$251,000.00
Before i tell you about the remodel there are a few things to know about the property. This is a single family one story home built in 1984 with 3 bedrooms and 2 baths. It was built on a slab foundation with an attached 2 car garage. The exterior is mostly brick veneer with some vinyl siding and it has a composition shingle roof. You can see from the picture on the left that the dining area was being used as an office and the picture in the middle shows where the addition will be with the picture on the right showing the architectural layout. There will now be enough room for both thanks to Renovation Loans and the Leesa Sandoval team.
A 12 X 15 addition room is being added to the rear middle of home and will include everything from electrical and ceiling fan to siding and roof. The backdoor will be relocated to accommodate the new exit to backyard. They didn't stop there and decided to remodel the kitchen with new tile flooring, granite counter tops, refinished cabinets and a beautiful stainless steel sink. Another successful remodel will soon be in the books. Don't forget to check out the did you know section below and be before picture of the kitchen. Cant wait to see the completed project!
Did you know this about the Fannie Mae HomeStyle Renovation?
Fannie Mae HomeStyle Renovation allows you to add roll in the cost of adding a pool to your property. You can have your very own backyard oasis for the coming summer. A new patio, sauna, and even an attached pool house if you wanted. The home must appraise with at least 95% value and it always helps if other homes in the neighborhood have pools already. Unsure if this would work out for you? Give us a call and find out!
Repairs don’t scare me and they shouldn’t scare you either. Call me today to discuss renovation loan options.