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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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  • Plan Out a Laundry Room You’ll Want to Use

    Even if you hate doing the laundry you deserve a luxurious laundry room! Gone are the days that the laundry room was an overlooked space or relegated to a small closet. Today’s laundry rooms feature beautiful design elements and creative interpretations of a functional space. When designing your custom laundry room you’ll want to pay particular attention to:…

  • Different Permit Considerations for Green Building

    As you are planning which green home building amenities to include in your new custom home it’s important to note that there may be different permitting requirements. Understanding these permit considerations before you begin keeps construction on track and helps avoid delays caused by improper permitting. Permitting requirements will vary based on the locality in…

  • Add the Luxury of a Bedroom Balcony to Your Home

    There’s an exciting new trend in bedroom design, and it’s one that will help connect you with the outdoors — balconies. Yes, bedroom balconies are becoming increasingly popular, and we love the luxurious, getaway-style element that they add to homes. Keep these examples in mind while exploring ways to add a balcony to your bedroom:…

  • Should You Find the Space for an Accessory Dwelling Unit?

    An accessory dwelling unit (ADU) is a self-contained additional structure on a property, located either within or adjacent to a traditional house. These structures serve many purposes, including home offices, in-law quarters, or studio spaces. An ADU may be the perfect solution to meet a need of additional space at your home. Before you begin planning…