Many find construction loan financing confusing. This is because there are two loans required in order to build a home. Both a construction loan and a mortgage loan will be necessary. We will compare the two loans in order to understand how they are different, and interdependent on each other. Construction Loan Financing: Construction Loan…
Using a do it yourself home building checklist to build your own home, can save you a lot of money. It also requires a lot of knowledge and understanding of construction. It is possible for almost any family of able bodied people to learn to build a home, and the skills you develop will be…
When researching the average square foot price of building a home, you may find a lot of confusing and conflicting information. Clarifying the confusion over materials costs, shell cost, and overall cost of a finished home can make home construction cost estimation very mysterious. In fact costs are not that hard to calculate, and professional…
There are several ways to compile a custom home building budget, but the purpose is the same, to develop a unified way of estimating how much your dream home should cost to build. One formula is for estimating cost is cost per square foot. However cost per square foot varies according to the quality, and…
Many contractors specialize in custom homes built on your lot. There is a great deal more freedom in architectural choices when building on your own lot, especially if that lot is not part of a subdivision, or in the city. Building a custom home, with few if any restrictions, is one of the most thrilling…
Some of the best tips for custom home building involve allowing design to be left to a true architect or licensed home designer. You will need to hire an architect, utilize a builder who has a licensed designer or select an existing home plan to actually build your home. You should know that the elements…
Learning how to select a general contractor when building a home is one of the most important steps in building a dream home. The final decision is often a matter of personal taste, but weeding out the contractors and home builders less suited to your construction job is a more refined process. Selecting a contractor…
There are many factors to be considered when home building. One important thing you should do is check the cost of this construction against the average cost of building a home in your region. This cost can vary from region to region. Other factors also must be taken into consideration, such as the cost of…
Understanding mortgage and construction loan interest rates can be confusing. In order to build a house you will need both a construction loan and a mortgage loan. The term of your construction loan is either one year or when your home is complete. After completion of the home, a mortgage loan will take effect and…
The steps in building a dream home should be undertaken with much thought and consideration for the various aspects of daily life. It is important to plan every detail with your lifestyle in mind. Don’t just follow a plan someone else designed if it does not fit your way of life, your desires or your…