“When Buying Doesn’t Work, Renovations may be the next Option”

“When Buying Doesn’t Work, Renovations may be the next Option”

 

 

Hi Joe - It's been a while since we talked so I hope you remember me :). We were looking to add onto our existing house in the past and decided to look into other options. Well after exhausting the house search we are still considering adding to our existing home as that seems the best financial choice. We are almost completed with our revised drawings and will be sending to a few GC's this week or next (we scaled back the addition as to not overbuild and price ourselves out of the neighborhood).

How are the loan options looking, is there any major changes that we would need to be concerned about?

I just wanted to touch base again and let you know we will be reaching out to you as soon as we have pricing and know this is doable.

 

 

 

Renovation mortgages continue to gain momentum. Many have been looking to purchase a new home so that they can avoid the renovation process but unfortunately with a shortage of new homes on the market many are rethinking about their next steps.

 

So many have said to me, we love where we currently live, like the neighborhood, but the home is just too small.

We are fortunate to know and understand the ins and outs of these renovation loans and are guiding more and more families through the process.

 

‘WHO ELSE DO YOU KNOW THAT NEEDS OUR HELP?’

 

 Image courtesy of Tiramisustudio/freedigitalphotos.net

Subscribe to my blog via Email:

 

Enter your email address:

Delivered by FeedBurner

 

Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

Like me on facebookfollow me on twitterConnect with me on linkedin

Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comment balloon 3 commentsJoe Petrowsky • May 03 2018 02:45PM

Comments

Great alternative:

Many have been looking to purchase a new home so that they can avoid the renovation process but unfortunately with a shortage of new homes on the market many are rethinking about their next steps.

Posted by Sham Reddy, CRS (H E R Realty, Dayton, OH) 3 months ago

Good morning Joe. Adding on is gaining momentum as people desire not to move out of the neighborhood! Enjoy your day!

Posted by Wayne Martin, Real Estate Broker (Wayne M Martin) 3 months ago

If you like the home you are in and love the neighborhood why not do this?

Posted by Joe Pryor, REALTOR® - Oklahoma Investment Properties (The Virtual Real Estate Team) 3 months ago

Participate