But What About The Floors?!

Ah the age-old question... with at should I cover my floors? Carpet? Hardwoods? Throw rugs? Linoleum? Burlap? Well maybe not burlap, but I did show an eclectic city condo where the floors were covered with bamboo mats, wall to wall.

There is no "right" answer, it's all a matter of taste. Well, sometimes it is a matter of affordability as well.

For price, low and medium grade carpet may cost less up-front, but the average lifespan of carpet is only 10 to 15 years, so you will be looking to replace the carpet several times over your own lifetime. And you must figure into that cost the yearly cleanings that are a necessity to keep healthy and attractive carpets.

Hardwoods range widely in price, depending on their popularity, but there are affordable options for most any project. In addition, hardwoods can last a lifetime with proper care, even if they may need to be sanded and refinished down the road.

Hardwoods are low on the maintenance scale, with "proper maintenance" being key to a beautiful, long life for your hardwoods.

Additionally, the American College of Allergy, Asthma, and Immunology recommends that house dust allergy sufferers "remove wall-to-wall carpets from the bedroom if possible." Have a child with asthma? Ninety percent of asthma sufferers are allergic to dust mites. And dust mites love carpet.

Carpet installation itself also rears another ugly head. There are chemicals used in most modern carpets that emit fumes for months and years to come. These fumes can cause headaches and runny eyes and nose. There are, however, natural options available for more eco-friendly carpets. These options, though, will more than likely add to your overall cost.

The choice is entirely up to you on which flooring option is right for you. Be sure to do your due diligence with research and price comparisons before making any final decisions!

$$ to Renovate Your New Home

Have you heard about The FHA 203k Program?

The FHA 203k program was designed to deal with the vicious circle that exists for buyers who need to "fix up" or renovate their property in order to make it habitable. The FHA 203k allows you to purchase or refinance a property plus include in the loan the cost of making the repairs and improvements. The loan is provided through approved mortgage lenders nationwide.

The FHA 203k program is available to people wanting to occupy the home not necessarily investors but owner- occupiers.

So what are the requirements?
• downpayment requirement for an owner-occupant is approximately 3% of the acquisition and repair costs of the property.
• show a steady income sufficient to cover the repayments on the full mortgage amount.
• you need to be at least two years out of bankruptcy and three years past any foreclosure or deed-in-lieu

How do I Secure A 203k Loan?
• Contact an approved FHA 203k program lender and supply a detailed proposal.
• The FHA 203k program lender will appraise the future value of the property.
• The FHA 203k program lender will approve the loan (assuming the borrower qualifies).

For more information, visit FHA Loan Requirements