203k Drone Inspections?

By
Home Inspector with Same Day 203Kla 323 309-9722 HUD I.D.# SO536

Over the years, Same Day 203k  has developed a  state of the art process to help our 203k and Home Style  clients. We help expedite the 203k process,  Same Day 203k currently use's arial drones as part of our 203k Roof inspection.

 

Here’s a look at the highlights of what a 203(k) consultant does during the home purchase transaction.

Once you decide to buy a fixer-upper, a 203(k) consultant would inspect the property and talk with you about both the repairs that will be required to meet HUD’s Minimum Property Standards and the optional renovations you would like to make beyond the required items.

The consultant then prepares paperwork that the lender uses to determine the loan amount and underwrite the loan. This paperwork typically includes the feasibility report, architectural plans, and a work write-up that reflects specifications on all of the repairs that will be done, including:

  • cost of materials and cost of labor for each repair,
  • a recommended “contingency funds” amount to be set aside in case there are cost overruns,
- See more at: https://www.myprospectmortgage.com/blog/What-Does-a-203K-Consultant-Do-and-Why-Do-I-Need-One/#sthash.PENNj3Zh.dpuf

 

Here’s a look at the highlights of what a 203(k) consultant does during the home purchase transaction.

Once you decide to buy a fixer-upper, a 203(k) consultant would inspect the property and talk with you about both the repairs that will be required to meet HUD’s Minimum Property Standards and the optional renovations you would like to make beyond the required items.

The consultant then prepares paperwork that the lender uses to determine the loan amount and underwrite the loan. This paperwork typically includes the feasibility report, architectural plans, and a work write-up that reflects specifications on all of the repairs that will be done, including:

  • cost of materials and cost of labor for each repair,
  • a recommended “contingency funds” amount to be set aside in case there are cost overruns,
- See more at: https://www.myprospectmortgage.com/blog/What-Does-a-203K-Consultant-Do-and-Why-Do-I-Need-One/#sthash.PENNj3Zh.dpuf

Comments (4)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Drones do have many uses, and inspecting the roof would be a great one, especially after a snow.

Jan 20, 2017 01:25 PM
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

But can the drone get really close enough to check out the real cracks fro the superficial ones.

Jan 20, 2017 04:54 PM
Eugene Kanciar
EKAN Home Inspection - West Vancouver, BC
Our Experience, Your Peace-of-Mind

I do not use a drone...yet. But I can certainly see the benefit of having this technology available when the roof is not safe to access by foot because of slope, condition or weather. Really no excuse not to have this option available for my business, other than the cost and learning curve. I'm going to look into it.

Jan 22, 2017 07:13 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great information.   Thanks for sharing and have a nice weekend!

Dec 05, 2020 06:40 AM