Many people spend years envisioning and imagining the ideal house. Only a fraction of those actually pursue that vision and make it happen. Why? Much goes into this kind of project: money, time, emotion etc.
Buying a house can be stressful enough. Buying land on which to build a house has its own many challenges. Yet these should not inhibit anyone who has the means to pursue a dream…and a little piece of earth to make it all happen.
You have made the exciting – and brave – decision to build a new home. You have a solid design concept with all the financial ducks in a row. Yet this home purchase begins with a land purchase.
Those interested in building a home best follow a certain order to end up with the home purchase they envision and simultaneously avoid surprises. The concept must be clear, i.e. about the configuration, dimensions, aesthetics and offerings of the new dwelling.
Today we begin the first of our six part series on "Building Your Dream Home". Part 1 tackles the 'build vs. buy decision'. Over the next 12 days we'll share key steps in the process as well as share decisions to be made and tasks to be accomplished, from inception to completion.
Time was when a dead bolt represented the latest thing in home security; when automatic garage doors were futuristic luxuries. Yet each of those innovations grew familiar and home owners realized the many things such innovations could not do.
The word "alternative" can mean different things in the world of home loans. It may simply refer to a funding business that does not operate out of a brick-and-mortar facility; instead, lending is conducted entirely online.
A mortgage is either a tool to obtain financial security and prosperity…or it is a burdensome budgetary albatross that demands feeding month after month. The role of the home loan is really a matter of how a household manages debt and orders priorities.
A house is also exposed to damage or destruction due to weather, faulty wiring, personal carelessness and the like. For this reason, we have insurance. Is this coverage, though, the right kind…and is it enough?