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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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  • When to Construct Your Home in Stages

    Building a custom house requires careful planning. There are a variety of different ways to build a house and one of the most popular methods is phased construction. Phased construction is a process by which you strategically plan and schedule components of a project. Initially, a smaller project is constructed with plans for future additions as budgeting allows….

  • Unique Windows Bring Light and Garden Views For A Different Look At Your Property

    Not every home has magnificent views, but every home can have magnificent windows. If your home could use more natural light, you may be in the market for a unique window installation. Some of our favorite ideas for unique windows include: Ribbon windows Long, narrow windows let a bit of light shine in and can provide visual…

  • Know the Maintenance Involved Before Signing Off on Butcher Block Counters

    A butcher block countertop is an ideal surface for a traditional kitchen. The wood surface is durable and adds a rustic touch to your home decor. Before you install butcher block countertops it’s helpful to be fully aware of their required maintenance. Keep your butcher block looking great by: Keeping it Clean: Keeping the butcher block…

  • Why Radiant Heating is a Home Luxury You Shouldn’t Do Without

    Many Connecticut homeowners have discovered the benefits of installing radiant heating systems in their homes. Radiant heating systems integrate a series of pipes or wires beneath the floor that create a warm, comfortable home environment. Imagine stepping out of bed on a cold Connecticut morning and being greeted by a subtle warmth emanating from the floor….