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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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  • Preparing Your Fairfield County Home for a Storm

    We’ve seen some wild weather in the Northeast this winter and now is the time to ensure that your home is prepared for the next storm. After all, they just seem to sneak up on us! And let’s not forget that hurricane season is on the horizon. Many of these preparations are simple but can…

  • Traditional Design Ideas for Your Fairfield County Home

    Traditional home design is what we love here at Country Club Homes. As a result, we like to share what that means with people who are also in love with the subtle flair of a traditional space. If you’ve never been a fan of traditional design for the home, keep reading! Although it is often…

  • Why Opt for a Green Home in Fairfield County?

    Over the past few years, you may have heard the phrase “green home” being used more and more. But this isn’t in reference to nature’s most well-known color. A green home is one that’s designed to be sustainable and environmental friendly. These home tend to have features that focus on saving water, energy and building materials…

  • Free Standing Tubs Make for a Elegant Spa Bathroom Design

    People have long associated the amazing look of a sleek, vintage-style claw foot bathtub with luxury. Freestanding tubs like these make for a classic, open bathroom design that feels much like a spa. A freestanding tub may cause some homeowners to balk. Most people are used to built-in tubs that are affixed to the wall….