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Buying an old house to fix up has an attraction for many people. If you can find a house with charm and character, a renovation may enable you to create just the living environment that you want. You should start with a good real estate agent to help you locate the right house and recommend lenders who make both acquisition and construction loans.

Financing a renovation is perhaps the most difficult part of the whole project, especially if the house needs extensive work. Few banks will make these loans to people who are not professional developers. You should prepare for your loan application by having a written proposal. It helps to have an engineer's report or architectural plans and to include estimates from contractors covering the costs and timetables for the work to be done. Your real estate agent can help you put together a market analysis of the neighborhood to show that you will not be over-improving the property compared with other homes in the area.

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Deb Chabot
RE/MAX East of the River
1182 Storrs Road
Storrs, CT. 06268
Direct Phone: 860-428-9827
Home Office: 860-487-0267
Fax: 860-487-0267
Office Phone : 860-429-3973 X108
Email: DebChabot@DebChabot.com

Deb Chabot is a Real Estate Broker working in the Storrs Uconn area. She has been listing and selling homes in and around this area for the past 25 years. Deb works at Remax East of the River in Storrs. She has been a consistent top producing agent. She is extremely knowledgeable about this area and has received many real estate related awards. The Greater Hartford Board of Realtors has honored her with the Premier Producer award numerous times for outstanding sales. This award is given to agents in the top 1% of sales in the state.

Deb's many interests include horticulture, her extensive exotic gardens and water garden, her pets, theatre and the arts. Over the years Deb and her daughter, Raechel, have been actively involved with the Fidelco Guide Dog Foudation. They have raised and trained 7 German Shepherd Guide Dog Puppies to date and one Labrador Retriever for Guiding Eyes in New York. Many of these dogs are now working Guide Dogs all over New England.

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