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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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  • Create a Master Suite Retreat with Large Closets, Deep Tubs, and Fireplaces

    New home design trends indicate that your master suite is more than a place to sleep and store your clothes. The master suite should be a retreat, a place of solace to unwind from a hectic and stressful day. Consider the following when designing your master suite: Add a cozy sitting area with a fireplace as a place…

  • Artful Ways to Accessorize Your Fairfield County Home

    At Country Club Homes, Inc. we love homes that have built in details to help you accessorize and personalize your home. Here are some of our favorite ideas for home design that gives you a place for your home decor: Mudrooms – Mudrooms are the first place many people will see when entering your home,…

  • Surrounding Your Fairfield County Home with a Pretty Fence

    Beautiful, custom-built fences can add both beauty and value to your property.  Whether you are using fences to keep your pool safe, to keep deer out of your yard or garden, or simply to add a decorative element to your property, there are a few considerations you should keep in mind in the design process.  Here…

  • Relax in a Freestanding Soaking Tub

    Connecticut homeowners who are planning a bathroom remodel should consider installing a freestanding tub. Freestanding tubs are one of the bathroom design trends that can set the theme and focal point of the room. The style of the tub can create a vintage, contemporary or traditional look depending upon the style of tub chosen, and and can…