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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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  • An Innovative Ceiling Finish Can Add Style to Your Home

    While an ordinary ceiling will often go unnoticed, a stylish one will provide an aesthetic appeal, and complement the entire decor of a room.  Here are some innovative suggestions for adding some interest to your ceilings: Gable Vault – A gable vault is a ceiling that is left somewhat exposed, which produces some dramatic results. In…

  • Choosing the Right Roof Material for Your Home

    Have you ever thought much about the type of roof you want on your home? Many homeowners take their roof for granted, and don’t investigate different materials when building their homes. As you make decisions about the exterior of your home, you should not only consider style, but also the attributes of a variety of roofing materials, including but…

  • Tips for Closing Off an Open Kitchen

    The idea of an open kitchen is perfect, right? There’s a natural flow from other rooms, you have easy access to other parts of the house and it’s perfect for entertaining. However, you may wish your open kitchen was a bit more closed off. There are a variety of innovative ways to completely or partially…

  • Create a Welcoming and Stylish Entryway for Your Holiday Guests

    For some people, their foyer design may be the most important part of their home design.  The foyer represents the homeowner’s welcoming personality to their guests and visitors.  The foyer is the first place people see when entering the home, so the design should give a good impression. The features that you may want to focus on in your…