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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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  • July New England Home Style of the Month: Gothic Revival

    Gothic architecture rose to popularity from the 12th to the 16th centuries and was primarily used in European religious construction. 200 years later the rise of the gothic revival era signaled a shift in the design style to residential structures in both Europe and the United States. This architectural style was known for its asymmetry and…

  • How Bookworms Can Make Better Use of a Dining Room

    Many custom homes have well appointed dining rooms that feature a large table, plenty of seating, and an engaging design that stimulates conversation. But can the dining room be more? We challenge you to think outside of the box for your dining room design and consider transforming this space to reflect your personal style and your…

  • Keep the Space Under Your Stairs Performing for You

    If you’re searching for a bit more storage in your home you may want to consider putting the space under your stairs to work. This spot in the house may be the prime location to add shelving, cabinetry, or customized storage. Our favorite ways to use this space include: Adding open shelving- Open shelving can be added to…

  • Gorgeous Ideas for Adding Interior French Doors to Your Home

    One surefire way to add character to your home is to install interior French doors with custom glass treatments. These stately doors will open up a space by allowing plenty of light to flow between rooms. However, they can also pose a challenge when you’re wanting to ensure privacy in an office, bedroom, or bathroom. Our favorite ways to…