There are toomany variables to answe that here - are the infrastructures (utiities, sewer, etc) already inplace? If not how far will those need to be run to reach the house? What style of home - ranch,2 story, atrium or? How big - will zoned hvac be needed? What energy features do you want? What quality level do you expect the home to be at when finished? And much more. Think about what you want then go talk to a local realtor who sells new construction and can help guide you on things you may not think about iff the top of your head. Your realtor will know good local custom builders who will be able to help you finalize your plans and build the home... more
That's a question for the city or the county in which you live. Call the Planning & Zoning Dept in your county and city to ask this question. Also, if your community is governed by a home owners association, there may be specific requirements there too although typically most HOA's won't allow an above ground pool.... more
Not sure if it would apply, given your circumstances, but it may be worth your time to talk with your financial institution or a mortgage officer and inquire about the possible applicability of a 203k loan. http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/203k/203kabou Hope you find this helpful.... more
The state program in Missouri allows you to use credits on your primary residence or an income producing property but the fedeeral program requires that the property be an income producing property.... more
I realize this answer may be a bit late in coming but I kind of just found my way here today so hopefully what I have to share will help someone. the USDA has a grant program available to low income person over the age of 62 that can assist in helping to fund a home.
Contact them at: http://www.rurdev.usda.gov/MO-Home.html
The fastest way to recieve a response though is to go through your local MOCA office.... more
It's always a good idea to use subcontractors that are licensed in their particular field no matter what. And most likely, they'll need to be licensed in order to pull a permit for the job, which will be a requirement.
i assume you are using a 203k certified contractor, who should be supplying the licensed subcontractors for the project anyway.
Home Appreciators Team at
Better Homes & Gardens Real Estate Metro Brokers... more
When buying a home with a 203K all repairs must be done by 203K certified contractors. They not only have to be licensed, but have to be certified to do 203K repairs. Your 203K lender should be able to provide you a list of the contractors certified to do this type of work. The lender will also want bids in writing prior to writing the loan.... more
Hmmm, might need more information on why a bank has not been willing to help you. If you give me a call I would be happy to give you contact information for several lenders that might be able to help you!
Colleen ~ 314-852-1400... more
I needed one and did some research on line and found the site "Service Magic" - found one there. The site puts them through a vetting process and I also check with my state for license and insurance. I have been very pleased with the service.... more
I am not completely sure which program you are referring to. There are a number of programs available for first time home buyers, but it will depend on your situation and what you are trying to accomplish. If you would like more information about the programs available right now, please contact me via email/text/phone. Good luck!
email: firstname.lastname@example.org... more
Does your home inspection report state that you need to further consult an electrician to inspect the electrical system (or a statement excluding certain systems from the inspection)?
This is a very standard statement on inspection reports. If this statement or something like it wasn't made then you may have some type of recourse against your home inspector.
If you're talking about the main panel being grounded it shouldn't be extremely expensive.... more
It shouldn't really effect you unless they just do a horrible job of installing and maintaining it. It's like anything else (paint, deck, landscaping) Unless you're trying to sell your home right now, it won't effect your home value at all.... more
Hi Alison. The 203k may be the best option. You can borrow up to an additional $35,000 for the rehab. You will get half of the money at closing and the other half upon completion of the work. Keep in mind that you will need to use a licensed contractor if the work costs over $10000 so be sure to include that in your budget.
Call Angela Virtudazo at Atlantic Mortgage Loans at (636) 271-2299. She is in Pacific, MO and she can definitely help you. Tell her Rhonda in Nashville referred you and she will take good care of you.