[b][Fort Myers, 06/30/2017][/b] – Families in the US are renovating homes rather than purchasing new property. A report from MarketWatch credits the renovation trend to a thin housing inventory, with real estate organizations affirming the lack of new-homes in the past decade. But over a third of the homeowners who stay put struggle to control their budget, CNBC reveals.

Primary Residential Mortgage, Inc. Fort Myers offers a loan program that will help individuals and families stay on budget, allowing for manageable renovations.

[b]Loans for Home Improvements[/b]
Primary Residential Mortgage, Inc. Fort Myers has a range of loan programs that meet the unique needs of applicants. Among them is the home renovation loan, or the 203K Dream Loan.

The program provides loans of up to $1,000 above the purchase price for home repairs or remodels.

Before applying for a loan and undertaking the renovation, the company suggests homeowners define the goal for the project. PRMI Fort Myers explains, “This will help you create a list of tasks for your contractor to complete on the way toward a finished project that stays within budget.”

The Florida-based company also tells homeowners to carefully choose the contractor, adding that a reliable professional can create a finished product that adds significant value to the home.

[b]The Cost of Home Renovations[/b]
A home renovation has the potential to increase property value over time. A survey conducted by Houzz in 2016 reveals that the cost of renovation varies according to the space.

The average costs are as follows:

• Kitchen: $19,100
• Master Bathroom: $11,700
• Living Room: $5,400
• Master Bedroom: $3,400
• Dining Room: $2,600

With guidance from the Sunshine State’s dedicated mortgage company, homeowners can get access to the right loan program that turns dream renovations into real, valuable home improvements.

[b]About Primary Residential Mortgage, Inc. Fort Myers[/b]
Primary Residential Mortgage, Inc. Fort Myers, founded in 1998, takes pride in closing 21 mortgages for $35 million in its first year. The mortgage company is dedicated to helping clients turn their dreams into a reality. The company offers loan programs for purchasing and refinancing, as well as VA loans and FHA loans.

For more information, visit http://www.gethomefinancing.com today.