Renovation Consultation & Inspection fees
Renovation Consulting & Project Servicing Fees (Good until 12/31/2026)
Greatness Begins At Home.
There are many factors that exist in one’s development,
most of which begin at home.
As a HUD-Approved FHA 203(k) Renovation Consultant, Desired Home Inspections LLC provides comprehensive renovation consulting, project management oversight, and compliance services throughout greater New York, New Jersey, and Connecticut. Fees are structured in accordance with HUD guidelines and industry standards.
Feasibility Study
Before beginning a renovation project, borrowers, lenders, and investors may request a Feasibility Study to determine whether the proposed renovation is practical, financially viable, and eligible for financing. This service is subject to the Consultant’s availability.
Fee
$375
Additional Mileage & Toll fees may apply
Includes :
Scope feasibility assessment
Budget and financing suitability review
Recommendations regarding project viability
*This fee may be charged in full or partial for a file review or telephone project consultation.
Work Write-Up (WWU) & Specification of Repairs (SOR)
The Work Write-Up serves as the foundation of the renovation project and includes a detailed Scope of Repairs, cost analysis, contractor guidance, and lender-required documentation.
| Total Renovation Budget | Consulting Fee |
|---|---|
| Up to $50,000 | $1,000 |
| $50,001 – $85,000 | $1,200 |
| $85,001 – $140,000 | $1,400 |
| Over $140,000 | 1% of renovation costs (maximum $2,000) |
| Additional Dwelling Units | $25 per unit |
Includes :
Detailed Work Write-Up (WWU)
Specification of Repairs (SOR)
Cost estimate review
Architectural exhibit review
Lender-compliant renovation documentation
Contractor coordination support
Material Draw Fee
A material draw advance may be requested by the contractor and/or homeowner for up to 50% of the material budget. Our consultant charges a fee to review, endorse, and reconcile disbursement records along the appropriate renovation line items. Our firm does not outsource our responsibility to the lender or loan servicing company.
Fee: $375
Draw Inspections
As renovation work progresses, draw inspections verify completed work prior to the release of renovation funds.
Services include:
- On-site progress verification
- Work completion assessment
- Draw request validation
- Lender reporting and documentation
Fee: $375 Up to $375 per inspection (Additional Mileage & Toll fees may apply)
Change Order Reviews
Renovation projects occasionally require modifications due to unforeseen conditions, material substitutions, or scope changes. Change Orders help ensure the project remains compliant and properly documented.
Services include:
- Change request review
- Revised cost analysis
- Scope modification documentation
- Lender and borrower support
Fee: $120 per Change Order
Reinspections
When additional verification of a repair item or corrective work is requested by the borrower, lender, contractor, or other stakeholders, a reinspection may be required.
Fee: $225 per reinspection (Additional Mileage & Toll fees may apply)
Travel & Mileage
Projects located beyond the consultant’s standard service area may be subject to travel reimbursement.
Mileage Fee
Current IRS mileage rate applies when the property is located more than 15 miles from the consultant’s office.
Tolls
Round trip tolls and driver congestion fees may be assessed and included where applicable
Note: As a third-party Consultant firm and an EPA certified Lead-Based Paint Assessment Firm, for properties constructed before January 1, 1978, additional EPA lead-based paint dust clearance sampling may be required to ensure compliance with federal lead-safe work practice regulations following renovation activities. Additional inspection & testing fees may apply.
Serving homebuyers, homeowners, investors, lenders, mortgage professionals, real estate agents, and contractors throughout New York, New Jersey, and Connecticut.
Serving the Tri-State Region
Desired Home Inspections LLC proudly provides renovation consulting & inspection services for: