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  • Tips for Financing a Fairfield County Home Remodeling Project: PART II

    As a follow-up to our recent post, ‘Tips for Financing a Fairfield County Home Remodeling Project: PART I’, Fairfield County custom home builder Country Club Homes, Inc. offers additional tips on project financing to educate area residents who may be considering embarking on a home remodeling project.

    Depending on the size of your project, a home remodeling project can be a large investment of time, energy and money. Today’s post concerns pre-project planning items, such as a project budget, contingency accounts, and extras cost items. These tips are from a recent helpful NAHB article entitled, “Financing Your Home Remodeling Project“.

    Here at Country Club Homes, Inc., we have found that having a project come in right “on budget”, or even under budget, is a very critical goal. There are a few ‘best practices’ to adopt to make sure your project is well organized, and on budget. These include:

    Contingency Account: Plan to allocate approximately 80% of what you can afford for the remodeling, to the main project budget. Create a contingency account of 20% in reserve to cover changes and unforeseen problems. This is standard procedure across the construction industry, acknowledging that there are often unforeseen issues that impact the project before it is finished. The home owner needs to be well prepared for these contingencies.

    Extra Costs/Revisions/Upgrades: It is important to remember that any costs such as changes or upgrades that are added after the construction contract is signed, will be considered extras. They will affect the overall budget and project timeline.

    Scope of Work: It is very important to define the total scope of work, or full extent of the project, up front; and to stay focused on completing that work. Refraining from expanding the scope of work will protect the budget, and the project time line, as well.

    If you are seeking home remodeling design and construction expertise for your Wilton, New Canaan or Fairfield County, Connecticut home, contact Country Club Homes at 203-762-0550. 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…