The buyers of this renovated New Jersey home are first-time homebuyers who earn under 80% of the area’s median income. They really desired a place to call home, and a place of their own to start a family. They completed homebuyer counseling to ensure they were ready for this financial commitment.
NCST community buyer, Hogar Hispano, put more than $126,000 in renovations into this home, bringing it to a state beyond FHA repaired standards.
The neighborhood this home is in has a high percentage of vacant homes, and the house had become fairly dilapidated. The neighbors thanked Hogar for helping to improve their community by repairing the home and returning it to homeownership.
“We are proud to take a house that was the eye sore of the neighborhood, renovate it, and create a nice, affordable home,” said Max Cabellos, operations manager, Hogar Hispano. “One of our goals is to create an opportunity for a family to own a home with a mortgage that’s less expensive than what they were spending on rent.”
Renovations include the addition of a new bathroom in the basement, sheetrock repairs and fresh paint throughout, new tile flooring and carpeting, repaired hardwoods, new appliance package, new cabinets and countertops, new interior and exterior doors, and new sinks and plumbing fixtures. Other important renovations include a new HVAC system, plumbing repairs, including replacing missing pipe and installing pipe for a washing machine and laundry room sink, new sump pump, and new water meter.
They also completed exterior painting, repaired handrails and gutters, and refreshed the landscaping, including removing a dead tree.