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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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  • Small Details Can Make All the Difference in a Universal Design

    Universal design is the process of creating a home that works for all residents, regardless of ability or age. Many universal design homes are created specifically for homeowners that are in wheelchairs or have other physical needs, but universal design goes beyond adding ramps and making sure doorways are wide enough to accommodate a wheelchair….

  • A House Full of Secrets: Designing a Home With Hidden Passages for Convenience and Privacy

    If you love a good mystery you know that secret passageways are the epitome of suspense and intrigue. What is behind that door and through that hidden passage? Secret passageways can be built into your home to boost privacy and convenience. Our favorite passageway ideas include the: Bookshelf doorway. It may look like a wall full of…

  • Driftwood Architecture is a Gorgeous Way to Bring the Outdoors Into Your Home

    One of the most wonderful things about coastal living, aside from the stunning views, is the vast array of design ideas you can draw upon from the sea.  While common design features like ship motifs and seashells have to walk a fine line to avoid moving from tasteful to kitschy, one oceanic design element is…

  • Consider the Practical Beauty of Cedar Roofs

    Best known for their undeniable beauty, cedar roofs offer a host of other benefits to homeowners. They are incredibly durable, environmentally friendly, and stand up to even the worst weather conditions. If you’re considering installing a cedar roof as part of your construction project take the time to understand the material before you begin. Cedar roofs…