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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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  • Illuminate Your Living Room with These Tips

    Short days in winter mean that natural sunlight is at a premium during the cold season. However, you can combat the darkness by finding creative and beautiful ways to illuminate your living room. Consider enhancing the lighting in your living room by adding: Ambient lighting. Chandeliers, overhead lighting, and wall fixtures can provide a soft ambient…

  • Consider Using Mechanical Ventilation for Cleaner Air in Your Home

    Mechanical ventilation offers homeowners technology that provides high quality indoor air, increases energy efficiency, decreases airborne pollutants, and reduces the likelihood of respiratory problems. A residential mechanical ventilation system will also extract stale air, recover heat using a heat exchange core, and transfer this recovered heat to the fresh incoming air. Homeowners often have a lot…

  • Things to Consider Before Removing a Wall in Your Home

    When you undertake a home renovation project you may discover that the home’s layout needs to be altered to meet your design goals. Removing a wall in your home may open up the layout and allow for more space but should be done carefully to avoid extensive damage. Removing a wall should involve careful consideration, including: Your…

  • Choose the Perfect Flooring for Your Custom Home

    The floor of any room in a house serves as the baseline for any décor, and choosing the right type of floor is essential for creating the look that you want. Here are a few tips to get you started on this important task: Wood Floors Add Charm – Wood floors run the gamut from rustic…