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I am looking at a house that was started with the best of intentions but never completed. It’s in a good neighborhood and could be attractive if completed. If I make an offer and buy it, is there any government or private agency that could be contacted to help bring it up to living standard? I’m a little bit of a handyman but not enough to tackle a roof and windows and plumbing and all that on my own. I see lots of TV shows, like on PBS, that rehab houses. How could a house owner get that sort of assistance?

4 Thoughts on Can I get any public or private help to fix up a dilapidated rural house?
  1. Reply
    monique
    March 13, 2013 at 6:00 pm

    If the house is not completed, then you would need to get a construction type loan. A bank isn’t going to offer a mortgage on a house that is not habitable/completed. You would need to find a builder/contractor who should be licensed, in my opinion, to help finish building the home. Rehabbing a house to me is different than finishing the construction of a house that is only partially finished. Rehab would be when the house is already built, and you are going in and making improvements. Sounds to me from what you are saying this house was never completely built?? The contractor would also have to get the appropriate permits that goes along with building houses, completing additions, etc.

    Construction loan information, to include pros and cons: http://www.moneycrashers.com/new-home-construction-loan/

  2. Reply
    linkus86
    March 13, 2013 at 6:07 pm

    Other that an FHA 203k loan that will allow you to use loan funds to pay for its rehab (not to pay you for doing the work yourself) that is your primary residence, all rehab will be up to your to do or pay others to do for you. “This Old House” can be very expensive to renovate and the government isn’t helping private investors

  3. Reply
    sophieb
    March 13, 2013 at 6:08 pm

    no.

  4. Reply
    acermill
    March 13, 2013 at 6:39 pm

    No, there is no such assistance. What you desire to do is an investment, and investments require the use of your own and/or borrowed funds. No one is going to GIVE you money so you can make a profit off of this unfinished house.

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