The Construction Process
Rehabilitating a property can be a daunting task. Baltimore Community Lending’s experience and knowledge will turn this complex process into a positive experience. BCL’s Rehabilitation/Construction Specialist will be there to guide you and your contractor through planning and construction to the final post-construction inspection.

After you select a property that interests you, the Rehabilitation/Construction Specialist will meet with you to discuss your project and visit the property to conduct a feasibility study. The Specialist will complete a Scope of Work report and cost estimate to determine the rehabilitation needs. The inspection fee is paid in advance and will be credited toward your closing costs at settlement.

Next, you should begin interviewing contractors and request bid proposals from contractors of your choice. Contractors must have a Maryland Home Improvement License, must have the ability to work on your project full-time, and receive draw payments for work that has been completed. The contractor you select will provide a construction proposal. Lastly, a pre-construction conference will be scheduled with you and your contractor to review any last-minute concerns before construction begins.

As construction progresses, the Rehabilitation/Construction Specialist will monitor the progress of the work, and conduct a final inspection when the work is complete. All construction should be completed within six months.