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School Reports in Bethany Beach, Fenwick Island and Ocean City, Md, Delaware

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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 is arguably the world's strangest (and most dysfunctional) kitchen?
A	In 1998 the Kemper Museum of Contemporary Art in Kansas City first displayed a kitchen made entirely of 40 million colored glass beads by artist Liza Lou of Topanga, California.
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Mearl Layton, GRI, REALTOR®, real estate agent and broker for Bethany Beach, Fenwick Island and Ocean City, Md, Delaware home listings, property and land for sale - NUMBER1EXPERT(tm)

Mearl Layton
Layton Associates
131 Atlantic Ave.
Ocean View, DE. 19970
Phone: 888-529-8667
Phone: 302--537-5599
Fax : 302-529-0200
Email: mearllayton@NUMBER1EXPERT.com

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