Turn a House into a Home
Cost-per-foot-tools to fit your budget
There is a great way to increase the housing inventory
when you have additional funds to fix up a house to the expectation of the home
buyer. Most homes on the market are cosmetically challenged and are overlooked.
The home may be in the right neighborhood, right size and close to the schools
preferred, but don't meet the condition expectations. The GoGreen LendingHybrid Loan Program provides the funds to purchase a home plus up to $50,000 to
upgrade and make the home more energy efficient. C.A.R. recently published a
simple cost per foot formula to help home buyers and real estate agents
determine a general idea of how much it may cost to turn a house into an ideal
home.
To solve this problem, homeowners should start by finding
the average costs. When insurance companies need to pinpoint construction
costs, they multiply the length by the width of the space and then multiply
that by the project's typical cost per square foot. Estimators who provide such
data to claims adjusters and contractors use the following averages for
cost-per-square foot: Kitchen, $174; Powder room, $133; Master bathroom, $160;
and Family room, bedrooms and living room, $92.
Next, homeowners should tweak the costs to fit the scope
of the project. The numbers above are for complete remodels, meaning the room
is demolished right down to the framing and rebuilt. With a less involved
project, reduce the number by about 30 percent. For a cosmetic update, as in
fresh paint on the cabinets plus new lighting and hardware, reduce it by about
60 percent.
Contact Go Green Lending for an upgrade estimate and to
be pre-qualified for a home purchase.
The Cure for the Cosmetic Dogs™ and Power Hogs™!
Our unique Hybrid Loan Program™ gives home buyers the purchase money, plus up to $50,000 in funding for cosmetic repairs, home improvements and energy upgrades.
If you’re a HOME BUYER, this program can help you:
- Find more homes you like in the neighborhoods you want
- Find the right home for your family faster
- Make the cosmetic repairs, home improvements and energy upgrades you want
- Enjoy up to 30% in energy savings
- Receive many available tax credits and utility rebates*
If you’re a HOME SELLER, this program can help you:
- Address any issues that potential buyers may have with your “As Is” property
- Make it easy for potential buyers to get their wish list of cosmetic repairs, home improvements and energy upgrades
- Pre-qualify buyers for a purchase loan amount INCLUDING the repairs, improvements and upgrades
- Close in as little as 30 to 45 days!
This unique mortgage loan solution provides funding for the home based on the value it will have after the repairs have been made. The cosmetic repairs, home improvements and energy efficient upgrades can be made as soon as you close escrow.
Contact Go Green Lending for an upgrade estimate and to be pre-qualified for a home purchase.
