Single Family Developer Program
This program matches professional developers with run-down properties and helps finance affordable renovations
About the Program
For a number of reasons, many once-grand houses in Des Moines have become neglected, run-down and a blight on their neighborhood. But the high cost of restoring them to their prior glory is not economically viable.
This is where the Invest DSM Single Family Developer Program comes in.
It provides financing for qualified developers to restore these homes to their original charm; but with upgrades to modern technology and construction practices.
How the Program Works
The Invest DSM Single Family Developer Program is a way to help bring new life to older homes in historic Des Moines neighborhoods, known, in Invest DSM vernacular, as Special Investment Districts (SIDs). The program encourages developers to buy rundown houses, restore them to high standards, and sell them to new owners who enjoy living in these older, urban areas.
However, renovating these homes is expensive; and professional developers spend more renovating them than they can sell them for. The difference between what they spend and what they make is called the Appraisal Gap. To make it worth the developer's time and effort, Invest DSM offers a grant that covers this gap.
A Complete, Turnkey Solution
Successfully navigating the Single Family Developer program requires more than just a builder—it requires a team that understands the financials, the construction standards, and the real estate market. We are not only an approved vendor for the program, but we also offer a unique bundled service.
With the Des Moines Renovation Company managing the build and Eric Quiner Realtor handling the transaction, we provide a single point of contact for the entire lifecycle of the project.
From bridging the appraisal gap to managing all transactions and closings, we handle the details so you enjoy a seamless, hassle-free experience.
The program gives you guaranteed quality and 10 years of propterty tax savings
Guaranteed Quality
Invest DSM requires their developers to follow a strict set of Design and Construction Standards. This dictates how their developers handle critical elements like licensing, warranties, hazardous material remediation, code compliance, and a whole lot more.
As an approved Single Family Developer Program vendor, we are obligated to follow these rigorous standards; and frankly, we couldn't be happier! We don't view them as requirements; we view them as the blueprint for excellence.
Because of these strict standards, the new owner will enjoy a meticulously crafted home that retains the property's old-world charm while integrating contemporary construction practices and technology.
Your Property Tax Savings
Normally, when you improve your home, its value goes up, and so do your taxes. But with this program, you'll keep paying taxes based on what your home was worth before the renovation, i.e., your basis. This way, you get to pay less in taxes for 10 years, even though your house is worth more.
Here is the bottom line: You pay taxes for ten years on the pre-renovation basis, even through your post-renovation basis is much greater. This eliminates a large portion of your property tax liability while your equity grows. This saves thousands of dollars, significantly lowering your monthly payment and making a custom renovation surprisingly affordable.
Your Choice Matters
Selecting a renovation partner is a significant commitment—financial, emotional, and practical. It is a decision that shouldn't be taken lightly.
We believe the best way to evaluate a partner is by examining their track record. Check out our featured project to see our standards in action, or browse our full gallery to see the consistency of our work.
