Changing the footprint of your home with an FHA 203k in Charlotte, NC
Learn 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 is absolutely yes! You don't have to stay with the old footprint at all. The FHA 203k program allows you to make your home your own, whether you want to add a bathroom, a new master suite, or any other room. The key is to use as much of the original foundation as possible. If you can use it all and are simply adding to it, that's even better.
For example, we are working on a project in Charlotte, NC where we are moving the house up a few feet to create a new living room in an old basement without changing the footprint.
In another project in Asheboro, NC, we are moving interior walls to create a more open floor plan and adding a new master suite. There are many possibilities!
Whether you're doing your renovation project in Charlotte, Asheboro, or any other city in the USA, the FHA 203k program is an excellent option for buyers or homeowners. Remember, the FHA 203k loan can be used to Purchase a home that needs repairs.
Refinance an existing house that needs updating or an addition
Make room additions to a home that is too small for your needs but is otherwise in good condition
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