Mike's 203k Blog

Why did the chicken cross the road?Ah, now that’s a sight you don’t see every day—chickens, law-abiding and patient, waiting for the right moment to cross the street like seasoned pedestrians.This was back when I was overseeing an FHA 203k renovation project just down the road. The property was a...

Renovating a Colonial Revival style home, also sometimes referred to as Neocolonial.On a quiet summer evening, the old white house stood proudly at the end of Maple Street, its porch lights casting a warm glow on the American flag fluttering gently in the breeze. Inside, the Johnson family gather...

As the camera lens captured the moment, the older man's smile radiated warmth, his eyes twinkling with a sense of accomplishment. He stood tall on the sandy surface, his white space suit a testament to his dedication to the vast expanse of space exploration, as he searched for Alice Cramden. I've...

The Haunted Fixer-UpperSarah gripped the sledgehammer, adrenaline buzzing through her veins. With a grunt, she swung, the head crashing through the crumbling plaster of what was supposed to be her new dining room. Dust billowed, and a chill, colder than the November air seeping through the boarde...

Unlock the Potential of Your Dream HomeImagine this: you've found the perfect location, a house with a charming curb appeal and a layout that ticks most of your boxes. But, there's a catch – the kitchen is outdated, the bathrooms need a modern touch, and perhaps some energy-efficient upgrades wou...

Changing the footprint of your home with an FHA 203k in Charlotte, NCLearn about changing the footprint of your home with the FHA 203k loan program in Charlotte, NC.An interesting call came in today from a client unaware they could change their home's footprint with an FHA 203k loan. The answer i...

HUD is coming through againLow-Cost AreaThe FHA national low-cost area mortgage limits, which are set at 65 percent of the national conforming limit of $806,500 for a one-unit Property, are, by property unit number, as follows:• One-unit: $524,225• Two-unit: $671,200 • Three-unit: $811,275• Four-...

Why should a home inspector also become an FHA 203k consultant?Becoming an FHA 203k consultant is a strategic move for a home inspector, offering several advantages: Diversification of Services: By adding FHA 203k consulting to their portfolio, home inspectors can offer a broader range of service...

Everyone wants attention—me, too. Would you like to see a few more photos, mostly of before-and-after scenes of renovated homes and small income units? Check out our Pinterest Page. Be sure to like and follow us so you get the next photos before everyone else. There are some pretty neat fences th...

My appraisal came in too low?It can be disappointing if your home appraisal is lower than the purchase price you agreed to with the seller. However, there are a few things you can do in this situation.Renegotiate the price with the sellerOne option is to try to renegotiate the purchase price with...