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  • Tips for Financing a Fairfield County Home Remodeling Project: PART I

    Country Club Homes, Inc. has been a leading Fairfield County custom home builder since 1955. We periodically share helpful tips and information with our online readers in an effort to educate people who may be considering remodeling their Fairfield County home.

    It has been our pleasure over the years to work with many clients who have remodeled their homes. For our readers who are considering embarking on this exciting process of home remodeling for the first time, we offer the following tips about financing the project, based on an NAHB article entitled, “Financing Your Home Remodeling Project“.

    The common options for acquiring the necessary funding to complete a home improvement project include a home improvement loan, a home equity line of credit, a home equity loan (second mortgage), a cash-out refinancing of your current mortgage, and cash.By far the simplest method of financing the home improvement project is cash, in the event you have cash in savings to pay for the project. In order to determine if this is the best option, compare the interest rate that you would be charged by financing the project to the interest you could earn by investing these funds. The NAHB article adds, “Interest payments on a home improvement loan may be tax-deductible, while the expenses of a remodeling project paid for in cash cannot be written off. Crunch the numbers and meet with a financial adviser to determine whether paying in cash is best for your financial situation in the long run.”

    Check out the article for more excellent pointers about the following four types of financing, and be sure to consult with your accountant and an attorney before making any contractual commitments.

    • Home Improvement Loan
    • Home Equity Line of Credit will vary from lender to lender.
    • Second Mortgage
    • Cash-Out Refinancing

    Have you enjoyed this article? Head on over to “Tips for Financing a Fairfield County Home Remodeling Project: PART II“ for more information about ‘best practices’ to make sure your project is well organized, and finishes on budget!

    If you are seeking home building design expertise for your Wilton, New Canaan or Fairfield County, Connecticut home; contact Country Club Homes, Inc. at 203-762-0550. Our company, Country Club Homes, Inc. offers custom new home and remodeling design and construction. Visit the Country Club Homes. Inc. website to see beautiful interior and exterior home images in our online portfolio.

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  • Steps to a Gorgeous Stairway

    A well-designed stairway takes the design of your home to new levels. Besides serving the very practical purpose of navigation, stairways are an architectural centerpiece and an opportunity to be creative on a grand scale.   Your stairway can set the tone for the aesthetic of your entire home so it’s important to determine at…

  • Set the Table for a Better Dining Room

    When the holidays arrive each year the dining room usually gets used more often as we welcome guests into our homes for seasonal celebrations. What makes the dining room inviting, comfortable and memorable?   Because it is typically one of the least used rooms in a home, the dining room can be a place to…

  • Design that Shines: Metallic Elements in Your Home

    The sheen of metallic elements is particularly evocative of warm and welcoming glamour in your home during the autumn months. Metallics present themselves in copper, gold, bronze, silver, brass and rose gold hues, each with its own unique characteristic to add to your decor. When decorating with metallics, it’s essential to choose your hues carefully…

  • The Path Followed: Interesting Walkways

    Trick or treaters will navigate many a walkway this weekend, which prompted us to review what makes an interesting path to a home. There are many options depending on a home’s style, climate, and neighborhood. Here are just a few ideas to consider:   Straight Lines or Curves and Angles: A straight walkway is the…