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If something comes up in the inspection that you weren’t aware of, you can ask the seller to make the repairs. On the other hand, you may wish to have your own contractor make the repair and factor the cost into a purchase price reduction. If it’s a major issue, no one will be more interested in making sure the repair is done right than you will be.
If it’s something that will cost $100 or less, it’s usually best not to bother the seller about it. Remember, don’t try to make money on the inspection of your Davie real estate purchase.
If you want to make a major change to your almost perfect house, you could pay for the renovation yourself. This works out well if you have the funds and don’t need to rearrange your entire investment portfolio to get the money you need.
If you’d like one mortgage to cover both your renovation and the financing of your new home, consider the 203(k) FHA loan. That loan allows you to include the cost of the work you want to have done with your regular mortgage loan. Here’s a summary of some of the things you need to know about the 203(k) program.
The best idea is to work with a professional Davie REALTOR® who can guide you through the decision-making process. There are more considerations than would fit into this blog post! In general, you’d need to address the following types of issues:
Here are just a few situations where this loan could be just what you need:
If you don’t want to use your own money, doing key repairs or modernization projects can require a complex and costly financing approach. Construction or improvement loans often have relatively high interest rates and short repayment times. The 203(k) loan can simplify the process.
The professionals on Teri’s Real Estate Team are experts at making Davie real estate dreams come true. Call us at 954-242-8030 or send an email today. If your dream home just needs a bit of work, we can help you determine if using a 203(k) loan is a good strategy, and guide you through the process.
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If you haven’t talked to the best REALTOR® in Riverstone Davie FL, you’re missing one of the Davie area’s hidden jewels. Riverstone offers luxury waterfront estate homes and a lifestyle that can be as quiet or as active as you prefer.
There are just over 300 Mediterranean- inspired homes in Riverstone Davie FL. All but two of the homes are located on the water. The tile roofs and paver driveways, tall arches and exterior design accents create an old-world atmosphere with a modern twist.
Entertaining is easy with the homes’ emphasis on outdoor living, including private pools and outdoor kitchens. However, the community also offers a recreation area with three tennis courts, a basketball court and a party pavilion with its own restrooms for the convenience of your guests.
Lakes and canals run throughout Riverstone. Many homes offer both a private swimming pool and beach access. So, whether you want to play on the sand or lounge by the pool, the choice is yours.
For your security, the entrance to Riverstone has a guard gate that is manned on a 24-hour basis.
You’ll find a variety of homes for sale in Riverstone. Home sizes start with one-story single-family homes of approximately 3,000 square feet of living space. For large families, you’ll find two-story homes that boast up to approximately 6,000 square feet.
Since Riverstone is a family-friendly neighborhood, most of the time you’ll find just as many baths as there are bedrooms. There’s also plenty of parking for the family, since even the smaller homes frequently offer three-car garage spaces. Exteriors are beautifully landscaped and very well maintained.
Riverstone homes welcome you when you first walk in with impressive foyers. Many homes have open floorplans that lead to high-ceilings in the living areas. Many homes have a gathering spot next to the kitchen for keeping an eye on the kids or staying in touch with guests while you’re cooking.
Kitchens in Riverstone are chef-inspired. All the luxury amenities you’d expect, such as granite countertops, walk-in pantries, cooking islands and even open bars are available in most homes. Kitchens in Riverstone homes are meant to be the center of activity with plenty of room for family and guests to roam.
People are attracted to Davie, Florida for a number of reasons. It’s centrally located and family-friendly. In addition, the schools are outstanding, the landscape is beautiful, and the Old West theme of the downtown area makes for a unique and quaint atmosphere. You’re close to Fort Lauderdale’s big-city amenities and Atlantic Ocean beaches.
People who love horses and the outdoors are also attracted to Davie to take advantage of the miles of trails for runners and equestrians. The city maintains lots of open space and parks where the trails weave through a very scenic setting.
If you’re looking for luxury living in a prime location, Riverstone is definitely an area to explore. When you want to work with the best REALTOR® in Riverstone Davie FL, call us at 954-242-8030 or send an email. Several members of Teri’s Real Estate Team can claim that title.
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