Why use a consultant? I'm funding my project personally
I have a friend who is a LO who was funding their project construction cost and has been having many issues finding a contractor and getting anyone to bid on their project.
Consultants aren't just for FHA 203k, Fannie Mae - HomeStyle® Renovation Mortgage, Freddie Mac CHOICERenovation®, or VA Renovation loans. We are consultants with the talent to help YOU with any renovation project. The way things are going currently
1) No one has bid on the project for a couple of months
2) No scope of work has been defined yet - every contractor would bid what they thought needed to be done.
3) The owners are pulling their hair out.
What would happen if they hired a consultant who does it by the book?
1) They would have nailed down a scope of work so all contractors bid on the same list.
2) This would have happened in a few days to a week.
3) The client would know the project's cost before getting any bids.
4) The consultant would have sent out a couple or three contractors to bid.
5) The project construction could have started two months ago.
6) The consultant's fee is easily recovered by keeping the contractor honest. If the contractor bids come in a little high, share the consultant's number and try to reach a middle ground.
7) The consultant already has lost his hair.
If you are doing any remodeling, find a consultant.
If you do need a loan to keep your money liquid, we have renovation loans up to $3,000,000. Of course, that isn't an FHA 203k loan.
downtown
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