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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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  • Be Prepared for Power Outages with an Emergency Home Generator

    Are you tired of power outages due to bad weather conditions? Loss of electricity for days can be very disruptive. You can avoid untimely power disruptions by installing a generator to your home. During a power outage, your generator can be set up to immediately respond and provide you with continuous electricity. Generators come in a variety of…

  • Factors to Consider Before Finishing Your Basement

    When it’s time to undertake a basement remodeling project in your Connecticut home, planning ahead is essential for a successful outcome. There are choices that must be made and factors you should consider before beginning work. Failure to think through important decisions may sabotage the project and leave you frustrated with the outcome. The professionals…

  • Choose the Right Drain for Your Shower

    It may seem that choosing the right drain for the shower in your bathroom remodel is a small detail, but the right drain can make all the difference in your satisfaction with your finished shower. Here are just a few of your options: Source: Bathroom via Houzz Linear Drains – The drains are typically installed…

  • Make Smart, Purposeful Renovations Before Selling Your Home

    When selling your home, trying to decide on which remodeling project to tackle so that you get an adequate return on your investment can be difficult. While some remodels are easy, others will never return enough to justify their cost. As a seller, here are three that you should consider: Renovate the Kitchen – Most buyers are looking…