A construction project entails countless challenges, and managing the associated budget is a crucial task. A well-planned and meticulously monitored budget ensures the project's success without financial hiccups. Here's a comprehensive guide on effectively managing a construction loan budget. Initial Planning: Before the ground-breaking ceremony, meticulous planning sets the stage for success: Detailed Cost Estimation:
Remodeling a kitchen is a substantial investment, often requiring a financial strategy that aligns with your vision for the space. One impactful avenue to consider is leveraging a construction loan. Beyond just updating the aesthetics, a well-designed kitchen remodel can significantly enhance the functionality and value of your home. A construction loan offers a unique
A great way to enhance your outdoor living space is by adding an outdoor kitchen. It's perfect for entertaining guests, hosting barbeques, or simply enjoying a family meal under the open sky. However, building an outdoor kitchen can be an expensive undertaking, especially if you plan to install high-end appliances, luxurious features, or custom finishes.
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
Ed Currie and his team understand the importance of getting you the loan you need to move into your new home, so we’ve expanded our guidelines to make the process even easier, and to help you qualify for the loan you need. Expanded Debt Ratios We’ve expanded our debt ratios up to 50 percent in
When building your dream home, there are many factors to consider when choosing your home builder. Who you entrust to build your home can make or break the designing and building process as well as the final product, which is why finding the right home builder for you is important. Here are the key points
Last week's economic releases included readings on construction spending, public and private sector jobs and national unemployment. Weekly reports on mortgage rates and first-time unemployment claims were also released.
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