Posts by gsmith
Q/A: Best Time to Hire a 203(k) Contractor
Hi all! I have a question for contractors… As a soon to be 203K buyer, I’m wondering about the process of making an offer without yet knowing the cost of repairs or if they’ll be in my budget. Do you give estimates at this stage? Do you charge for estimates? Is it typical to be…
Read MoreSmoke Alarms in Federally Subsidized Housing Fail Tests
FHA Consultants recognize there’s little dispute that smoke alarms and carbon monoxide alarms help save lives. FHA believes the relatively inexpensive devices are considered important safety features. Consultants should take extra precautions to insure the 203(k) remodel includes an inspection to update the home to current fire safety standards. 4000.1 Handbook: Minimum Property Requirements (MPR)…
Read More6 Assumptions To Clear-up Before You Begin Your 203K Remodel
The worst thing you, as a borrower, can do is to jump to conclusions or make too many assumptions about how easy remodeling your home can be, (thank you HGTV!), or that you are cut out for it. Some folks just aren’t equipped with the personality or the patience for building and remodeling.
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