There are many variables in construction loans for a new home. In general there are two loans involved the actual construction loan, and the mortgage loan. These two loans are much more sensible and economical when they are combined into one loan package by the bank. Combining you loan means one closing and one set…
It will be necessary to create a house building checklist at several points during the planning, design, selection and construction processes. There are many different types of house building checklist, and most of those will be the responsibility of your home builder or the sub contractors. Some of the important house building checklist have a…
When choosing a lot to build a house, a builder must consider soil, underground water, and land features in order to make a wise choice. For this reason it is important to be well informed and to get an expert to assist you. Your home builder or contractor should assist in selecting the lot, but…
Custom Home Building FAQ: How much will my custom home cost? This is a very difficult question. Average cost per square foot varies from one area to another. The quality of construction is also a variable, as are different materials. If you just want a rule of thumb, an average home in the rural south…
There are many new home construction companies available to choose from. But narrowing the choices down and finding the right one to build your new home can be challenging. With so many new home builders, and contractors, how do you know which one would be perfect to build your new home? Analyzing New Home Construction…
Energy savings when building a new home is increasingly more important to people building a new home. With the price of electricity and fuels at all time highs and mortgage rates at all time lows, it is only sensible to weigh energy savings against just a little more on your mortgage payments. Even if some…
To build or buy a new home you need to look at getting yourself into the best possible financial shape for buying a home. Clean up your credit report Do you know what your credit history looks like? Whether you do or don’t, before starting the new home buying process you should get a copy…
You might be trying to decide between buying an existing home or building a new home. The eight benefits of buying a new home below might help you decide: 1. Get a new home your way. When you buy a new home, you get to call many of the shots. From choosing the lot, the…
It is important to understand that construction home loan rates and mortgage rates are being artificially controlled by the FED. The government believes that low interest rates at this time help with recovery, so they are keeping our rates lower than usual. However the recent debt ceiling crisis brought up an important point. It is…
There are many types of builders, and many types of discussions you will be drawn into as you collect estimates and start the new home construction process. Homebuilders and contractors are just like the members of any other profession, they are diverse, and have many different ways of selling their services. One thing is certain,…