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Showing posts with the label Rehab a Home

Constructed Wetlands: The Economic Benefits of Runoff Controls

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People have a strong emotional attachment to water, arising from its aesthetic qualities -- tranquility, coolness and beauty. As a result, most water bodies within developments can be used as marketing tools to set the tone for entire projects. A recent study conducted by the National Association of Home Builders indicates that "whether a beach, pond or stream, the proximity to water raises the value of a home by up to 28%." A 1991 American Housing Survey conducted by the Department of Housing and Urban Development and the Department of Commerce also concurs that "when all else is equal, the price of a home located within 300 feet from a body of water increases by up to 27.8%" (NAHB, 1993).  www.HomeBossInspection.com www.FranchiseHomeBoss.com   Although there is a limited number of natural waterfront sites adjacent to lakes, rivers, streams, estuaries and open ocean, many opportunities exist to create waterfront property. Homes and businesses can be sited ...

Rehab a Home

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The Federal Housing Administration (FHA), which is part of the Department of Housing and Urban Development (HUD), administers various single-family mortgage insurance programs. These programs operate through FHA-approved lending institutions which submit applications to have the property appraised and have the buyer's credit approved. These lenders fund the mortgage loans which the Department insures. HUD does not make direct loans to help people buy homes. The Section 203(k) Program is  HUD's primary program for the rehabilitation and repair of single- family properties. As such, it is an important tool for community and neighborhood revitalization and for expanding homeownership opportunities. Since these are the primary goals of HUD, it believes that Section 203(k) is an important program and intends to continue to strongly support the program and the lenders that participate in it. www.HomeBossInspection.com Many lenders have successfully used the Section 203(k) Prog...