Some great fixer-uppers this week around the city- from light fixers to full overhauls.
Specifically in Capitol Hill NE / H Street, Takoma DC, Petworth, and one in NW.
To receive the listings, contact me for my free “This Week’s Fixer-Uppers” email.
See a sample of a prior fixer listings in the Hill East neighborhood.
I am a licensed DC Realtor(R) with extensive renovation experience – your Renovation Realtor(R). I am a full service shop — helping you find a fixer upper, identify financing, purchase it, and I can even provide renovation consult.
Today you can buy a house and finance the improvements all in one loan!
How it works:
- Find One: You love one of the fixer-uppers I’ve been featuring. It costs $300k. I represent you and we make an offer and go under contract, contingent on inspection and financing.
- Estimate Renovation: I help you bring in the necessary experts (inspectors / contractors) to estimate the renovation. The estimate comes back at $150k.
- Financing: Your loan officer makes sure you qualify for a $450k loan ($300k for house +$150k for renovation). An appraiser checks to be sure with the renovation the property would appraise at $450k. If it does and you qualify, your loan would be for $450k. It would include the purchase price of the house plus the renovation cost. The contingencies are your protection if the house doesn’t appraise at $450k or the renovation costs are higher than the loan amount you can afford.
- Downpayment: For a 203k loan, you only need to put 3.5% down ($15,750). If you have more to put down, you might qualify for a conventional loan.
This is a great option for renters who want to build their dream home! Or if you currently own a home and can carry more debt, this may work well for you too.
Interested? Contact me to learn more!
A great mix of fixer uppers this week!
From complete overhauls to light cosmetics, rowhouses to ramblers, overpriced to recently reduced, new to market to on awhile.
In short, something for everyone – and some potentially great deals to be had!
Check them out:
Takoma / Brightwood
Would you like to see any of them? Contact me today to make an appointment.
I am a licensed DC Realtor with extensive renovation experience – your Renovation Realtor(R). I am a full service shop — helping you find a fixer upper, identify financing, purchase it, and I can even provide renovation consult.
Note: I am not the listing agent for these houses, but I’d be happy to show them to you and represent you as a buyer agent should you choose. I have not necessarily seen every house in person yet.