DIY Work and the 203k Loan: Can I Do Some of the Work Myself?

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A home improvement wish list can include all varieties of projects. Maybe you’re looking to remodel your kitchen. You might also want to replace your carpet or put in new tile. Or if you’re really feeling ambitious, you might want to add a bathroom, 2 bedrooms and a finished basement “man cave.”

5 Tips for a Successful FHA 203k Renovation Transaction

FHA 203k Renovation Transaction

The FHA 203k rehabilitation mortgage program has grown in popularity, as the nation’s housing stock has aged. It allows a homebuyer to roll the repair costs into the loan up front. The 203k loan is perfect for homes that require cosmetic or major rehabilitation in order to make them livable or more desirable. These steps will prepare you for a successful FHA 203k loan transaction:

How to choose a home remodeling contractor

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So you’re ready to put in a new bathtub, or you finally picked out that new tile for your kitchen. If you don’t want to do the work yourself, or you don’t have the time or skills to tackle a DIY home improvement project, hiring a contractor is the way to go. But choosing a home improvement contractor can be a headache: How can you tell if someone is good at a job you don’t know how to do?