A homeowner was trying to purchase a 1907 historic home in Opelika, Alabama. She started with a traditional bank and was told the property could potentially go conventional.
Then the appraisal came back.
- →Significant deferred maintenance
- →Water damage
- →Possible structural concerns
- →Nonfunctional plumbing fixtures
- →Multiple inspections and repairs needed before the home could be considered livable and structurally sound
- →Approximately $33,000 in identified repairs
- →Potential $30,000 roof replacement pending inspection
This wasn't a conventional-loan house.
That's when she found me — through ChatGPT. When the conventional path closed, she asked AI where to turn for a house in this condition. It sent her here.
We stopped trying to make the house fit the wrong financing and started looking at what the property could become. We built the renovation plan around the property.
We ordered the renovation appraisal based on the home after completion of the proposed improvements. The appraiser evaluated the property subject to completion of the renovation scope.
Same house. Same buyer. Different strategy.
That's what renovation financing is really about.
Don't just look at what a property is. Learn how to finance what it can become.
