Are you looking for more space in your home? Room additions can be a great way to add extra square footage and functionality without moving. But when it comes to adding a room, there are two main approaches: build-up or build-out. In this article, we'll look at the pros and cons of each approach as
It can take years of thoughtful budgeting to be in a position where you’re ready to commit to building a custom home or undertaking a serious home renovation project. You’ve worked hard to be in this position, and you need a team that understands your goals – and can execute them. Believe me, I know.
The loan process for a construction loan is not much different than a regular home loan. There are a few additional items that are needed that relate to the construction project and appraisal, but the process and qualifications are very similar. If you qualify for a non-construction loan, you should qualify for a construction loan
The construction phase begins after you close on your construction loan. It’s at this point your construction loan is in place, and you can start drawing on it to complete your project. You will generally have 12-18 months to complete the project. The most important thing to remember during the construction phase is that the
Whether you’re building a new home from plans or making renovations on an existing structure, the construction loan process can be complex. At Ed Currie, our goal is to make it as easy as possible, so we’ve created this guide of the most frequently asked questions. You can also feel free to call us at
Whether you’re looking to build your dream home or make significant repairs to a home with great bones, securing a home construction loan is key. But because these loans typically come with a requirement of 20 to 30 percent down, it’s not always an option. However, when you work with certified mortgage planner and construction
Did you know winter is actually one of the best times of the year to plan an upgrade for your home with a room addition? Unlike muddy, humid spring and summer months, the dry air and frozen ground are ideal conditions for laying foundations and pouring concrete. And because many builders aren’t booked up during
Privacy is a premium in most households, particularly if you are sharing living space with a big family or an extended family member. One popular way to create a residence within a residence is to add on a mother-in-law suite. A mother-in-law suite is a separate living space within or near your home that is
Mortgage calculators are great tools for helping you stay within your budget when finding a new home, helping you determine the loan principal, compound interest and a regular payment schedule to pay back the loan. While they might be perfect for home buyers, couples looking for a construction loan to upgrade their existing home might
If you’re looking to increase the value of your home through improvements and upgrades, financing your project can be expensive and the best way to cover your costs is often through a construction loan. Construction loans vary depending on the nature of your project but making sure you get the right loan plays an important
The construction program is generally paid out based on work completed. However, deposits can be obtained for custom items where its’ typical for the provider to require a deposit. Items such as cabinets, windows, and counter tops can generally get a deposit with the final balance provided when they are on site and installed. For
Being prepared to apply for a mortgage can be very helpful in making the process smoother. Mortgage companies are required to “fully document” a file. Below are a few items that can ensure your loan application is not derailed, and will also limit the amount of documentation needed. Income Don’t Change Jobs: Changing jobs just
