Fixer Upper 101 – How to buy and renovate an older home
PRC’s Fixer Upper 101 class (formally known as Buy Right and Renovate Right) will help prepare you to evaluate, plan and execute a home purchase and renovation project. You will learn how to purchase an older New Orleans home in need of renovation, including how to evaluate a property, determine feasibility, scope of a project, and review financing options, how to communicate and work with a general contractor and architect, best practices in historic renovations and building systems, hazard mitigation and financing a renovation.
The ticket cost covers coffee and pastries during sign-in and a bagged lunch for the lunch & learn session. The ticket cost covers all sessions, although attendees are welcome to attend only sessions of interest – there is no partial day or per session ticket.
Fixer Upper 101
8:00 a.m.- 8:30 a.m. – Sign-in and registration
8:30 a.m. – 9:30 a.m. - How to purchase a historic home.
This session includes information on finding a bargain, evaluating a property for purchase, understanding an inspection report, and avoiding pricey pitfalls.
9:30 a.m. – 11:00 a.m. – Permitting
HDLC: Is this property right for you? This session provides information on permits, historic districts, variances and appeals.
Safety and Permits: When do you need a permit or to update your existing permit?
11:00 a.m. – 11:30 a.m. – Financing your project for success.
This session covers qualifying for a loan, securing insurance, closing timeline, costs/fees, acceptable repairs, approving funds and dispersing money.
11:30 a.m. – 12:00 p.m. – Title Insurance and Closing
Understanding your title insurance commitment and preparing for closing.
12:00 p.m. – 12:15 p.m. – Break and Pick-up Boxed Lunch for Lunch & Learn
12:15 p.m. – 1:45 p.m. – Lunch & Learn Panel: An Architect, General Contractor, & Interior Designer
Building design and determining when you need an architect and structural engineer, how to design a scope of work, questions to ask, how to create a budget and approve a bid, payment processes with a renovation loan, establishing a realistic project timeline, what role an interior designer plays, and how to make educated choices without breaking the bank and the planet.
1:45 p.m. – 2:15 p.m. – Securing and understanding homeowner’s insurance
Premiums and benefits, flood zones and flood insurance.
2:15 p.m. – 2:45 p.m. – Securing the building envelope.
Learn the basics of heat loss/gain, air sealing, insulation dos and don’ts, and the most important things to consider for the exterior of your home.
2:45 p.m. – 3:30 p.m. – Closing Our Your Renovation
Final payment to your contractor, what is a punch list, when to have the final walk-through.