Country Club Homes, Inc. Logo

Some Ideas to Consider …

  • 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.

    Image source: Country Club Homes Inc.

  • A Private Sauna Provides the Ultimate Home Getaway

    Whether you install a pre-made sauna or choose to have Country Club Homes create a custom sauna for you, this addition can help transform your home into a private retreat. When you add a sauna to your home there are several important factors to consider: Materials   Cedar is the classic choice for a sauna because…

  • Should You Move Out During Your Home Renovation?

    A home renovation project is a significant investment of both your time and money. It has the potential to upset your family’s daily life. Choosing whether to move out or stay during the renovation is a big decision. Make sure to consider: Source: Country Club Homes Purpose of the project   An addition to the back of your…

  • Preparing for Demolition: How to Handle Unexpected Issues

    As you would expect, the first stage of any remodel is to remove any unwanted materials so that the new ones can be installed. This demolition of a space can sometimes be aggravating, especially if an unexpected issue should arise. Still, with a little planning and preparation, the demolition stage can go smoothly. Here are…

  • Maintain a Healthy Relationship Throughout Your Remodel with These Tips

    Remodeling is a stressful process. The disruption of your regular habits, and the pressure to stay on-time and under budget can easily strain your relationships. However, there are things you can do to help make sure that your relationships remain healthy during your home’s remodeling project. Source:  Country Club Homes Work collaboratively. Differing design styles can be…