The gutters that run around your home are its single best defense against water damage. However they can only do their job if they are properly maintained. Most homeowners understand the importance of
There are two distinct schools of thought when it comes to choosing materials to make improvements or repairs to a rental property. The first is that it is wise to use the most inexpensive materials possible
Tending to the needs of your carpet in your home is small step towards increasing the value of your home. Â Whether youâ€™re moving in or moving out, a professional deep cleaning can leave a great
(Above are before and after pictures of a kitchen remodeling project recently completed by Southstar Construction.) Â For any Atlanta kitchen remodeling project it is important to fully understand the
Many homes have basements or are built upon a slab. During Atlanta home Inspections, the Atlanta home inspector encounters crawlspaces, as well. So what exactly is a crawlspace?Â Underneath the subfloor,
Specialized Home Inspection Services for Atlanta Real Estate Investors I inspect houses and provided home inspection reports for investors. My home inspection services are intended to meet the unique
With the use of FLIR(forward looking infrared) systems, the Atlanta Home InspectorÂ can detect "hidden" issues that cannot be seen by the naked eye. Â Thermal cameras allow the inspector to capture
At it again. Another video preview for our out of town client. We go on step further to insure our clients have all the tools to make the best calculated decision when buying a home.Web: http://Luxury Read more
Hello All, With so much reduced priced inventory currently available in the Atlanta metro area, it has become increasing easy to buy large (3500sq feet and up) homes, both newer and older, for very greatly
Congratulations to our Clients Mr & Mrs M on the purchase of this great fixer upper in Atlanta. This will be a beautiful home after the reno is complete.Â Visit us on the web http://www.luxuryatl.comComplete Read more
I share your frustration with contractors. As a lender, it falls on us to ensure the documentation from the contractor conforms to FHA requirements. Not sure why the bank requires you to use a a specific list of contractors. One of our biggest problems with the 203k program is the quality of the contractor. We don't require the buyer to use a specific contractor so our experience is that homeowners generally like to pick someone that will give them a great deal, often a relative or a friend. That usually does not work out well for the homeowner or us because the process requires significant documentation that many "handymen" are not used to providing.
My recommendation is that you select a contractor from a larger company that will want to ensure the work is done right and the customer is satisfied because they have more to lose if this is not the case. I usually encourage my borrowers to speak with Home Depot and Lowes because they have developed a list of 203k contractors that meet their high standards for quality and customer service (and of course who also buy materials at their stores). No contractor would want to have Home Depot get bad feedback on their performance so we see the customer service to be particularly good with these contractors. Additionally since many 203k projects also involve new appliances these home centers really become a one stop shop for everything.
As the lender, I like them because I know the contractor has been through the 203k drill before and knows what paperwork is required, how to ensure they get paid on time and ultimately that they want to keep both the buyer and the lender happy for the prospect of future business.
Don't give up on the 203k loan, it is a solid product. Given your experience thus far, I would ask your loan officer to allow you to select your own contractor and if he or she balks at that, I would consider another lender. Your appraisal is transferable so there is little downside to moving forward with someone else. Feel free to contact me if I can help you in a way. Hang in there, it will get better...
LPO Manager | Evolve Bank & Trust
11605 Haynes Bridge Road Suite 125| Alpharetta, GA 30009
678.468.5626 x110 | fax 678.935.1156 | cell 678.467.9959
NMLS#: 168281... more
Happy Atlanta home investors with current flipping success story using my services. Filmed April 27, 2012. Zipity Duda YouTube video. What are your thoughts?Like us on Facebook http://www.facebook.com Read more
Be on the Cutting Edge with the 2012 Remodeling Education ExpoThe world of homebuilding is constantly evolving. Thereâ€™s always new technology, new products and new materials. However, you too can
With every Atlanta home inspectionÂ a free service known as RecallChek is provided. The inspectors gather the models and serials of appliances within the home during the inspection process. Those numbers
Â Swimming is a favorite recreational activity that is not only fun, but is also great for building or maintaining physical fitness. While inspecting Atlanta homes, it is common to find a swimming pool