Purchase Plus Improvements
Buying your first home is an exciting milestone, but finding a property that checks every box can be challenging, especially if you're working within a tight budget. You may have come across a few homes that caught your eye, but there’s always something that doesn’t quite match your vision—like outdated flooring or kitchen cabinets that need an upgrade.
First-Time Home Buyer? Customize Your New Home with Ease!
Buying your first home is an exciting milestone, but finding a property that checks every box can be challenging, especially if you're working within a tight budget. You may have come across a few homes that caught your eye, but there’s always something that doesn’t quite match your vision—like outdated flooring or kitchen cabinets that need an upgrade.
So, how do you make your new home perfect without breaking the bank?
Tailored Renovations Right After Purchase
The good news is that there are programs available through our insurer and lenders designed to help qualified homebuyers make the upgrades they need right after closing. This allows you to start customizing your new home immediately, ensuring it’s exactly how you want it to be.
How Does It Work?
Here’s a step-by-step guide to how this program can help you turn your new house into your dream home:
Identify Your Renovation Needs
Start by deciding exactly which renovations will make your new home perfect for you—whether it’s updating the kitchen, replacing the flooring, or tackling another project.Get a Quote
Obtain a quote from an eligible contractor who can complete the work. This is important because the quote will need to be reviewed by the insurer.Insurer Approval
Once you’ve secured a quote, the insurer will review and approve it. This ensures that the renovations are in line with your financing options.Purchase Your Property
After the approval process, go ahead with purchasing your new home. You can then begin the renovations right away.Renovations and Lender Approval
Once the renovations are complete, they will be appraised and reviewed by the lender for final approval.Funds Release
The notary will then release the funds to cover the costs of your renovation, making the process seamless and stress-free.
Bonus: It’s Not Just for owner occupied properties!
This program isn’t limited to principal residence. If you're looking to purchase a rental property with 2 to 4 units, you can also take advantage of this opportunity to make improvements and maximize your investment.
Ready to Make Your Home Truly Yours?
If you're a first-time homebuyer ready to take the next step but need a little help making your new property feel like home, this program could be exactly what you need. Reach out to learn more about how you can customize your new space without the financial stress!