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About the Wake Forest, North Carolina Area

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School Reports in Wake Forest, Cary and Raleigh, North Carolina

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North Carolina Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.

Schools in Wake Forest, Cary and Raleigh

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 is considered to be one of the soundest long-term investments?
A	Real estate has a long-term record of strong investment return and is a driving force of the national economy.
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Rochelle McCoy-Wells, REALTOR®, real estate agent and broker for Wake Forest, Cary and Raleigh, North Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)

Rochelle McCoy-Wells
RE/MAX United
9131 Anson Way
Raleigh
NC, 27605
Office: 919-518-8134
Fax: 919-676-5510
Email: rochellemccoywells@NUMBER1EXPERT.com

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