Contemporary Modular Homes

Modular homes are rising in popularity due to advances in the prefab home manufacturing industry. They can build modular homes based on your needs while being cost efficient as well as time efficient, a great value with all the performance of a stick-built house. Here are a few features of contemporary modular homes: High Quality [...]

Housing Economic Stats

For the hardcore housing stat junkie.  The NAHB Housing Economics website gives up to date information on: • Housing Starts • Building Permits • New Sales • Existing Sales • Mortgage Rates • Home Prices • Annual Building Permits numbers by Metro Areas (1980-2005) • Annual Employment numbers by Metro Areas (1990-2006) • Annual Housing [...]

Remodel Return Calculator

Want to know what the return on your remodeled kitchen or new room addition will be?  Money magazine has assembled the 25 most common home improvements and the value they add with the “renovation wizard” calculator. Remodel Return Calculator Attic Bedroom Remodel Basement Remodel Bathroom Addition Bathroom Remodel Deck Addition Family Room Addition Home Office Remodel Major Kitchen Remodel Master Suite Addition Minor Kitchen [...]

Site Supervisors and Owner Builders

Those new to building and first time owner builders can benefit greatly from a site supervisor. Many owner builders rely on site supervisors for their knowledge of local building codes, help with contractors, work arounds for problems and selection of appropriate materials for your job. Who can be a site supervisor? Do they have to [...]

Estimating Construction Costs

Getting Started Before working on your construction costs you should have the following items completed: Pre-qualification for a construction loan Not because Home Construction Capital gives you access to the nation’s best construction loans, but because without this you don’t know what you can afford.  All your work could be for naught if you can’t [...]

Do it yourself home building and owner builders

Today thousands of new home owners are bypassing traditional general contractor agreements and choosing to be owner builders. With the advent of new building technologies and the acceptance of owner builder loans by lending institutions, owner builder projects are sprouting up all over the United States.  But what’s the difference between an owner builder project versus [...]

Credit and Construction Loans

Most traditional construction loans require a 680 credit score or better for qualification.  Some niche lenders offer loans on scores less than 680. These loans typically charge higher interest rates and require substantial equity, or money down.  Making a tough situation even worse, loans with less than 680 credit scores loans require 15% of total [...]

Construction Loans and How They Work

Construction to Perm (CTP) Mortgages, One-Time Close Construction to perm loans are essentially 3 loans in one, land loan, construction loan and permanent loan in one transaction. These loans have obvious advantages in that you don’t have to close three times saving you time and closing costs. At closing you purchase your land and extended [...]

Construction Loan Insurance Requirements

Discover Building recommends owner builders consult with insurance professionals in detail to make certain they are properly covered before construction begins. It is extremely important to check all local and state laws concerning insurance requirements and to ensure compliance. When searching for insurance the owner builder may find it difficult to locate insurers to cover [...]

Top Five Reasons Why Now Is the Best Time to Build a New Home

If you’ve been thinking of building a new home, today’s housing environment offers many reasons why now is the best time ever to do so.  Simple “supply and demand” market forces make today one of the best times to build. Land Availability – The land rush is over, with demand normalizing prices are dropping and [...]

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