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Buying a Fixer Upper - EP206 - Homeownership
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In this episode we discuss that when deciding to go the route of buying a home that needs some work it is important to know your financing options. Some loans allow you to borrow on properties that need work others do not. A renovation loan is a loan where the cost of the home and the cost of repairs are bundled into one loan. This oftentimes can make a fixer upper project work for the buyer’s budget. Having a contractor out is highly advisable when buying a home in need of work. That way there you can have estimates done and put real numbers and real solutions together before making the offer.
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