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Financing Your Home >Finicky Financiers

Buying an old house to fix up has an attraction for many people. If you can find a house with charm and character, a renovation may enable you to create just the living environment that you want. You should start with a good real estate agent to help you locate the right house and recommend lenders who make both acquisition and construction loans.

Financing a renovation is perhaps the most difficult part of the whole project, especially if the house needs extensive work. Few banks will make these loans to people who are not professional developers. You should prepare for your loan application by having a written proposal. It helps to have an engineer's report or architectural plans and to include estimates from contractors covering the costs and timetables for the work to be done. Your real estate agent can help you put together a market analysis of the neighborhood to show that you will not be over-improving the property compared with other homes in the area.

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Q	What was the longest distance a building has ever been moved?
A	Detroit's five-story Gem Theater, built in 1927, was moved 1,850 feet (5 blocks) to make way for two new sports stadiums.
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Gary & Cindy Belhumeur, REALTOR�, real estate agent and broker for Denver, Arvada and Westminster, Colorado home listings, property and land for sale - NUMBER1EXPERT

Gary & Cindy Belhumeur, GRI, ABR, CSR, SRES, e-Pro
Home Source Group
7728 Vance Dr., Suite B
Arvada, CO. 80003
Toll Free: 866-295-4977
Local Phone: 303-429-1887
Fax: 303-412-5608
Email - Gary: Gary@HomeSourceInfo.com
E-Mail - Cindy: Cindy@HomeSourceInfo.com
Gary and Cindy Belhumeur are the NUMBER ONE AGENTS in the Denver Metro area. The Home Source Group, owned and operated by Gary and Cindy Belhumeur, is your "One-Stop Real Estate Source". Their experienced Realtors and professional support staff offer "Concierge" service to all of their clients. The Home Source Group represents Buyers or Sellers and offers comprehensive Relocation Services and Financing. Give Gary and Cindy Belhumeur a call and find out why they've been in the Top 1% of Denver Realtors for the last TEN consecutive years! The Home Source Group also specializes in Short Sales and Foreclosures and are HUD Certified Brokers.

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