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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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  • The Studs of Construction: Understanding the Lumber in Your Home

    You’ve encountered the studs of construction before: You measure and mark the walls to hang a piece of artwork. The first nail goes in easy-breezy, the second one nearly jars the teeth out of your head as you pound it in. That’s a stud. Homes in Fairfield County and around the country are usually framed…

  • Adding a Sauna to Your Home is Great for Your Health

    An in-home sauna may seem like an unnecessary luxury, but in reality it can provide significant benefits to your health. A sauna’s heat works to sooth your nerve endings, relieve tension, reduce joint pain, and relax your muscles.  Spending time in a sauna also works to calm your body and relieve it of stress which promotes…

  • Create Cleverly Concealed Work Spaces in Your Home

    Have you discovered that you could benefit from additional workspaces in your home? Using creative built-in storage is an excellent way to create unique spaces designed specifically to meet your family’s needs. Contemporary Family Room by New York Architects & Designers Murdock Solon Architects via Houzz   Considering adding a: Homework center: Does your kids’ homework spill out across…

  • How to Tell if a Wall or Column is Load-Bearing

    Many homeowners seek to open up space in their home during a home renovation project by removing a wall. This can connect spaces and completely transform a home’s layout. Before a wall can be removed it must first be determined whether the wall is load-bearing. This can be determined by: Traditional Staircase by Wilton Design-Build Firms Country Club…