Alhambra Estate
Apply Online
Today's Rate Sheet
Custom Rate Quote
Residential Home Loans
New Construction
Mortgage Refinancing
Debt Consolidation
Home Improvement
VA Financing
Mortgage Glossary
 
You are here:  HomeLoan ProgramsNew Construction

SELECTING A CONTRACTOR

Finding the right contractor is critical to the success of any remodeling project. The contractor is responsible for overseeing your project from start to finish -- often spending days, weeks, and even months doing so. You will want to find someone who has the skills and experience to complete your project, along with a management style that fits your needs.

There are many types of contractors. Some are independent practitioners with an expertise in carpentry, for example. They may be proficient at building kitchen cabinets and framing additions but lack other skills needed to complete your project.

Others work as general contractors and manage the hiring, budgeting and scheduling of larger projects. They also supervise the workers and are responsible for the overall project results. The key is to find a contractor who has experience with the type of project you are pursuing.

Even though you may have talked to a wide variety of handymen and specialized contractors to get ballpark estimates of what your home improvements will cost, it's important to know that most home improvement loans or purchase-renovation loans require you to use a licensed contractor. In addition to licensing, you should look for a contractor who has a history of customer satisfaction and industry-recognized credentials to perform the type of work you are planning.

© 2003 Fannie Mae. All rights reserved.

More Information On Home Building

CONSTRUCTION TO PERMANENT LOANS
STEPS TOWARDS CONSTRUCTION LOAN PLANNING
REQUESTING AND REVIEWING BIDS
CONTRACTING WITH YOUR BUILDER

Residential Home Loans
New Construction Home Loans
Debt Consolidation / Cash Out Equity Loans
Home Improvement Loan Programs
Mortgage Refinancing
Diablo Funding Group
1901 Olympic Blvd., Suite 300
Walnut Creek, CA 94596
Residential Home Loans
New Construction Loans
Home Improvement
Mortgage Refinancing
Policies, Disclosures & Documentations
Financing the Construction of Your New Home
Understanding Terms - Mortgage Glossary
See Today's Rate Sheet
© 2003-2004. Dave Simmons. All Rights Reserved.
Website Design & Maintenance: OnSite Image