Buying a Renovation Project: PRC’s Buy Right Class

This two-night course focuses on how to purchase a historic home in need of renovation in New Orleans. The goal of the class is to provide a basic knowledge base to evaluate a property, determine feasibility, and provide current information about financing and insurance. This course will enable you to minimize complications and maximize your budget by learning from professionals with years of experience.

$65 for non-members
$50 for PRC members.*
 Advance registration required. Become a member today!

*The PRC’s mission includes service to our community, if the ticket prices are an obstacle to your attendance, please reach out to Averil at 504-581-7932 or [email protected]

Buying a Renovation Project:
PRC’s Buy Right Class
March 7th & 14th

Each class will be held from 5:30 p.m. to 8 p.m. at PRC headquarters, 923 Tchoupitoulas St.

Objective: How to purchase a historic home in need of renovation in New Orleans. The goal of the class is to provide a basic knowledge base to evaluate a property and determine feasibility and scope of a project as well as provide current information about financing.

 
Night One: Pre-purchase and Historic Districts
March 7th, 5:30pm-8pm

• How to purchase a historic home: Finding a bargain, evaluating a property for purchase, understanding an inspection report, and avoiding pricey pitfalls (60 minutes) – Katie Witry, Owner/Associate Broker, Witry Collective & Kate Kancheva, Associate Broker, Witry Collective
• Is the Property Right For You? Buying and getting permits in a local historic district, variances, appeals (45-60 minutes) Eleanor Burke, Deputy Director, New Orleans and Central Business District Historic District Landmarks Commission
• Q&A with all presenters (30 minutes)

 
Night Two: Financing and Insurance
March 14th  5:30pm-8pm

• Financing your project for Success: Qualifying for a loan, securing insurance, closing timeline and costs/fees, acceptable repairs, approving funds and dispersing money (60 minutes).- Ryan Rouhana, Loan Advisor, Eustis Mortgage – formerly with Flagstar Bank
• Understanding your title insurance commitment and preparing for closing (30 minutes) – Margaret Glass, Partner, Steeg Law Firm
• Securing and Understanding Homeowner’s Insurance Premiums & Benefits, Flood zones and flood insurance (30 minutes)– Robert Stone, Managing Director, Stone Insurance Inc.
• Q&A with all presenters (30 minutes)

Don’t miss the next course, Preparing for a Renovation Project: PRC’s Renovate Right Class, on March 21 & 28.