Want Help with the Down Payment on Your New Home?

Work equity programs are back

With a work equity the buyer performs some of the labor and this is credited towards your downpayment. These programs were phased out when low downpayment and $0 down programs were on the rise. When the bubble popped these programs disapeared paving the way for the return of work equity. If you are willing to do a little work this can be an effective way to save money on  your downpayment. Below are examples of typical programs offered by Central Ohio home builders.

You can save from 1% to 3.5% of the home price.

You can contact us to find out the specifics for any builder offering the program.

 Step #1 - Ground Work

 Spread gravel

Caulk openings in band spaces

Insulate band spaces

Insulate 2 foot drape in crawl space walls

Lay visqueen in crawl space

Install exterior window wells

Paint basement beams and stairs

 Step #2 - Fresh Coat

 Fill nail holes in trim

Prep walls for paint

Apply first coat of paint

Apply final coat of paint

 Step #3 - Clean Sweep

 Adjust cabinet doors

Install cabinet shelving

Scrap and shop-vac garage floor, basement floor

Install door knobs & door bumps

Scrape and shop-vac sub-floor

Wash windows

Hang towel bars & toilet paper holders

Install mini blinds

Paint exterior doors and porch columns

Install register covers

Replace furnace filter

Complete final prep for occupancy

 Step #4 - Great Outdoors

 Clean yard of all large rocks

Plant landscape package

Spread mulch

Scrape and scrub walks, driveways and curb

Water lawn and plantings through closing

Seal all exterior concrete walks, approach and porches.

 There are four steps outline.  For each step you can get 1%.  If you wanted the full 3.5%, you must complete all four steps.