Financing Your Remodeling Project — Understanding the opportunities

It’s no secret that bidding wars for homes in this area are producing some side effects for homeowners and homebuyers.  What's the best way to raise dollars to fund your project or even consider funding a remodel project on a home you wish to purchase?  

Contrary to popular belief and the recent economic credit crunch, there are still plenty of opportunities to help you finance and regain added value in your home to stay ahead.    First thing we recommend is deciding on the type of project your home (or potential home) needs to increase its value and give you additional living space for your growing and changing needs.  Do you need to add a garage, a room addition, install windows or remodel the kitchen?

Hafer Construction, Inc. remains a stable force in local Northern Virginia remodeling market.  Our alliances and partnerships with local lenders are available to address the needs of our customers seeking a more efficient process for remodeling and financing – whether you wish to purchase a home in need of updating or you want to remain in your existing home.

Our goal is to “teach the opportunities” that currently exist and help you recognize the many financing options available giving you the ability to make an informed decision prior to purchasing a home or to remodeling your existing home.  We will work directly with you and your choice of lenders to define the scope of the project, coordinate and draw professional plans, and provide the necessary written estimate(s) needed to secure financing.

Here are some options to consider:

• Home Improvement/Construction Loan
• Home Equity/Line of Credit
• 203(k) Program
• Second Mortgage
• Cash-Out Refinancing