Any VA lenders..?
by
Tammy
+4
Looking into buying a place with a detached garage in need of repairs. Are they required to be fixed prior to moving in as well. If it is torn down are we allowed to put a new one in it's place, steel or those wooded looking ones..??
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You need to ask your lender about that. different lenders have different policies. The seller may have to do it. We bought a VA repot that wasn't in the best shape but was sound enough to pass inspection. If you remove the garage you probably will need a permit to demolish and to rebuild and need it to be inspected. That you will need to talk to the city about the process you have to use.
Get a GOOD realtor - interview lots of people till you find a good fit. It all depends on State or County building codes. Lots of people purchase fixer uppers - there are a slew of reno shows on tv - trust me, it is no way that easy. Once you are interested in a property, do your homework - visit the Building Code Department for that jurisdiction at the local City Hall, County Seat, etc. These people are your new best friends as they can make or break your project. Some counties do not allow complete knockdowns - you must leave a portion of the original structure. Other areas only issue a limited number of building permits per year to control growth and may spill over to reno projects too. Bottom line, investigate and do your homework. But once you find a place and get a green light for reno work, have fun! It is a lot of hard work but so worth it in the end. 🌞
I don't know about VA loan requirements but if you want to build a new garage you need to check with your city. Get it in writing. Get the persons name and date you talked to them!
I got a verbal OK, paid $350 for blueprints, another couple hundred for permits, only to be told we are not allowed to put up a steel building. Without anything in writing, I had no way of getting my money back for the permit fees. I still have the blueprints which are some expensive wrapping paper.
You need to talk to a lender that originates VA loans. And yes, if you get a loan and want to tear it down to build new, you can.
Oh my gosh, this stuff is so stressful already and we didn't even put a bid on it yet..
Yes they are in Louisiana.
Do you homework, and really investigate your lender!