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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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  • Home Style of the Month: Second Empire

    The Second Empire style was most popular in the United States in the 1860s and 1870s, particularly in the Northeast and Midwest. In its time, the style was considered modern and fashionable, simultaneously favored in France and the United States by affluent homeowners.   The style originated in France, where some French architects used the…

  • New Canaan Residence Receives Home Makeover

    Long known as a premier address in New Canaan, CT, this home on Oenoke Ridge Road combines classic shingle-style, detailed workmanship and modern amenities. Modest in size from the exterior, yet 10,000 square feet, the home is characterized by high ceilings, substantial moldings and columned entry ways.   The wide front porch and custom distressed…

  • Cool Neutral: Charcoal Gray Interiors

    Gray has become an interesting and sophisticated alternative to beige as a reliable neutral in recent years. Gray is a chameleon-like color that can look modern or traditional depending on the layout, lighting and overall design of a space. Darker grays in particular convey a cool elegance that is the perfect backdrop for experimenting with…

  • Unique Opportunity for Business Collaboration

    Are you looking for office space? Country Club Homes, Inc. has a unique business collaboration opportunity for a local architect, interior designer or trade contractor. We would like to rent space at our office, 462 Danbury Road, Wilton, CT, to a company in the residential home building industry. The space available is approximately 685 sf to 1,200 sf….