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 [...]

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 [...]

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 [...]

Calculating Land Equity

If you are considering a construction loan and have purchased your land already, you may benefit from the equity accumulated over time. Most lenders will use the sales price if the transaction took place in two years or less to calculate equity. If the lender uses the purchase price your equity is calculated only by [...]

Credit Requirements

It goes without saying that knowing your credit standing is important. Credit plays a major role in the construction process; obtaining loans, qualifying for a good rates on insurance and being extended credit by local suppliers are all are impacted by credit rating.  Since most construction lenders require a 620 credit score or better for [...]