You may want to look for a construction loan - it would pay off the existing mortgage (like a refinance) and you can also roll in some of your building costs. There are few different types of construction loans available.
Check with a local lender about your options.... more
Hello! I cannot answer anything specifically giving a percentage, but can say the cost will depend on the property manager you hire, and what type of services you need. Interview a couple of property managers to find the best fit!... more
I feel your pain! I am saddened to say that I feel that same pain for many of today's homebuyers. While we are all of the mindset that we can get more house for the money......1.) since the prices are low and 2.) the mortgage rates are low.....some of those "too good to be true deals" really are too good to be true.
The advice I give to my buyer clients is this: If you WANT the house, wait it out. We can continue to look for something better in the meantime. There will be a day, however, when the property will become free and clear for purchase. When that day comes, if the timing is right FOR YOU, then you simply sign on the dotted line. While it is hard to keep emotions out of it, this is one case that you really have to!
One other thing to consider: We all know that market is declining. But the market will come back too. If your seemingly unattainable home is in a desirable neighborhood, it doesn't matter that you are paying a little more than TODAY's market value. You will get that back. PLUS, the mortgage rates have gone down so it should all balance out. I HOPE THIS MAKES SENSE!
Painting a bedroom isn't even slightly equivalent to buying a house, and a licensed painter isn't even slightly equivalent to a licensed real estate agent.
Massachusetts requirements to be a real estate agent: "submit proof satisfactory to the board that he has completed courses in real estate subjects approved by the board, such courses to total twenty-four classroom hours of instruction"
A painting license requires four years of on the job experience.... more