Building a Home

More in Building a Home

Cost of Building a House Vs. Buying

Building your next home to your own specifications is an ambitious undertaking. Building a home often costs more than buying one, which might mean a larger mortgage bill. It will also take months or years to complete. However, building a house gives you the freedom to design a ...

How to Use Land Equity as a Down Payment to Build a House

If you own your land and would like to build a home on it, you may be able to use the land’s equity to get a construction loan. Residential construction loans that transition to mortgage loans are a popular way to do this. You'll still need to qualify for the loan the same way ...

Tips on Prequalifying for a Home Construction Loan

If you think buying or rehabilitating a tract home is hard work, consider having to start from scratch and build from the ground up. But before you mull bathroom tile and exterior trim, a home construction loan is probably on your radar. Unlike regular home loans, these are more ...

How Much Will Property Taxes Go Up for Adding a Bedroom?

Property taxes are determined by two factors: the assessed value of your home, and the amount of tax levied by your local government. Generally speaking, anything that increases your property's market value, such as adding a bedroom, will increase your property's assessed value ...

Difference Between a Performance Bond and Indemnity

Construction projects such as home building and extensive remodeling are complicated endeavors, particularly if you don't have any previous building experience. You run the risk of causing property damage or failing to complete the project, among other possible complications. ...

How to Build a Home With a Silent Investor

Buying or building a home requires real estate financing that can be difficult to obtain from traditional lenders. One solution involves finding a silent investor who will provide all or a portion of needed funding. This individual is frequently referred to as a sleeping or ...

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