 Think you can't afford to buy a home AND fix it up? Purchasing a home that needs major repairs can be a difficult proposition because most banks won't lend the buyer the money to purchase the home until all the repairs have been completed. Also, you can't repair a home that you don't own. Thus, the FHA created the 203K loan program to alleviate these problems by facilitating the lending of the funds needed to buy the home before it is repaired.
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Cost vs Value Report: Small Projects, Big Bang
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 Uncertainty and restraint are the order of the day in this economy, and that sense of caution is reflected in home owners' return on their investment in remodeling projects, according to Remodeling magazine's Cost vs. Value Report. Six of the 10 projects with the best return on investment nationally involve home maintenance that costs less than $14,000.
What's the most bang for your buck?
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