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.

  • Being Prepared: Are Your Home and Family Ready for a Super Storm?

    Summer brings with it long days, vacations, ice cream cones… and storms.  Summer thunderstorms are common this time of year, and most of them are nothing to worry about.  However, summer is also hurricane season and, as we learned last year, the northeastern coast is not immune to the damaging effects of these super storms….

  • Remodeling Ideas That’ll Make Your Home Feel Bigger

    Gaining more living space in your home is not always about increasing the actual square-footage. Often times, remodeling a room so that it can serve double duty can effectively make your home seem a lot bigger and more functional. Here are some suggestions for remodeling your home to appear larger without actually adding on to…

  • The Benefits of a New Custom Home vs an Existing Home

    When searching for a new home, one of the earliest questions you need to answer is whether you want to buy an existing home or build a custom home.  Both have their benefits, but in many cases the benefits of custom building outweigh those of buying an existing home. When you search for existing homes,…

  • Has Marble in the Home Lost Its Luster?

    The use of marble in the home is a centuries old tradition. It’s beauty in the kitchen, bathroom and as floors or walls cannot be denied. But times do change. Once a sign of affluence, the allure of this natural stone has decreased dramatically as it has found its way into a high percentage of…