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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 place is known as "America's Stonehenge"?
A	A 4,000 year-old stone constructed megalithic site located on Mystery Hill in Salem, Massachusetts.
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The Stinson Team, REALTORŽ, real estate agents and broker for Fort Wayne, Auburn and Columbia City Indiana home listings, property and land for sale - NUMBER1EXPERT(tm)

The Stinson Team
North Eastern Group Realty
10808 La Cabreah Lane, Suite 101
Fort Wayne, IN 46845
Tel: 260-469-1947
Fax: 260-818-2070
Email: thestinsonteam@NUMBER1EXPERT.com
Having been founded in 1986, The Stinson Team of Realtors, Judi, Phil, Brad & Lori Stinson and April West enjoy providing Real Estate services for our clients in the Fort Wayne metropolitan area. Our philosophy embodies conducting ourselves with the highest degree of professional integrity and quality of services for our clients. We are at the top of our marketplace, selling a home every 3 days, and have assisted more than 2000 families with their Real Estate needs. We embrace and are conversant with all facets of Real Estate, from first time home buyers to corporate & medical relocation. Across town or across the country put the Stinson Team to work for you. A family helping families.

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