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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.

  • Tips When Hiring a Fairfield County Builder – Part II

    Country Club Homes, Inc., a leading Fairfield County custom home builder since 1955, offers the following tips for area residents who are considering building a custom new home, or renovating their current home. Reflecting our desire to educate residents who may be considering remodeling or building a custom new home, Carolyn Wheeler, of Country Club…

  • Tips When Hiring a Fairfield County Builder – Part I

    As one of Fairfield County’s leading custom home builders since 1955, our firm, Country Club Homes, Inc. has gained broad expertise in home design, building and remodeling. Out of a desire to educate people considering remodeling or building a custom new home, Carolyn Wheeler of Country Club Homes, has written the following article, providing tips…

  • Will a Builder’s Boom Lead to Higher New Custom Home Costs?

    In the past few years, the status of the nationwide housing market has reminded Fairfield County custom homebuilders like our company, Country Club Homes, Inc., of the simple rules of supply and demand. Too much supply coupled with too little demand equals lower prices, right?  While this is true, it also indicates a reduction in…

  • 2012 KBIS New Product Highlight: Kohler’s Apron Front Sink

    As a long-time Connecticut design and home building company, our company, Country Club Homes, Inc. is constantly on the lookout for new design trends and products for our custom new homes and home remodeling work. One of the new products of interest from the 2012 Kitchen and Bath Industry Show  is Kohler’s Top-Mount Self-Trimming Apron…