by kramoltz@hotmail.com | Oct 8, 2018 | Home Buying, Mortgages + Lending
The FHA 203(k) program is a loan product designed to help owner-occupants remodel a home. Available when purchasing or refinancing a home, it wraps the purchase/refinance and rehabilitation costs into a single mortgage. To qualify for the loan, the total value of the...
by kramoltz@hotmail.com | Sep 13, 2018 | Home Buying, Home Ownership
Feng shui is a Chinese philosophy that has the goal of achieving an auspicious and harmonious environment. It is important to Chinese-Americans, with 86% of those surveyed saying that feng shui will play a role in a future home-buying decision, and 79% saying they...
![How to Assess the Cost of a Fixer-Upper, Part 2.]()
by kramoltz@hotmail.com | Sep 7, 2018 | Home Buying
1. Check permits and their cost. Find out if the work to be done requires a permit and how much that permit costs. Factor the cost, time and aggravation of permits into your plans. 2. Determine whether you will supervise subs or hire a general contractor to do so. If...
by kramoltz@hotmail.com | Aug 24, 2018 | Home Buying, Home Ownership
No Right to Change. Some of the more important considerations when granting an easement include that there is no legal right to terminate or alter its location without the consent of the benefitted property owner. So if years after an easement is granted, the burdened...
![How to Assess the Cost of a Fixer-Upper, Part 2.]()
by kramoltz@hotmail.com | Jul 25, 2018 | Home Buying
When you buy a fixer-upper property, follow these tips to avoid getting in a financial fix: 1. Get Inspections. These are key to determine whether a fixer-upper is worth it. A home inspector can uncover hidden issues in need of replacement or repair, such as...
by kramoltz@hotmail.com | Jul 20, 2018 | Home Buying, Home Ownership
Exclusivity and Costs. Easements typically grant exclusive use of the easement area to the recipient unless they provide that the easement is nonexclusive. Of course, shared driveways should always be granted on a nonexclusive basis, and so should utility and drainage...
