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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.

    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…