how do you get money to fix a fixer upper?

much of the work is cosmetic

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  • 1 decade ago
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    If you do not have equity in your home you can try to obtain a home improvement loan (up to $10K). You will need to have an estimate of how much the materials are going to cost if you are doing the work yourself. If not, a copy of the estimate from the contractor.

    Also, check out www.hud.gov, there may be some info on government programs for fixer uppers.

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  • 1 decade ago

    If the house is for low income sometimes there is a government agency that will help with things such as "winterizing." Possibly the electric or gas company will have that information. Strictly cosmetic fixes could be done by you. If you need information on how to do this, the home stores are always happy to tell you. Also at these stores sometimes there is marked down paint that someone returned because the color was not right. You can get these really cheap. The trick is finding a color you like and can use. Watching for close out sales on things like carpet, hard surface flooring, is one way to save on these things. Even if you don't find sales on things to fix the house, the biggest charge is labor. So if you do the labor you will save big.

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  • Anonymous
    1 decade ago

    See if the bank will extend a construction loan which could later be bundled with your regular mortgage. Or see if there's enough equity in the house to qualify for a line of credit against the house.

    -MM

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  • 1 decade ago

    Drink Beer

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  • Anonymous
    1 decade ago

    do it yourself.

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