Every homebuyer has to make the choice between a newly-built home and an older home. In this situation, many would expect that only the richest among us would be able to buy a new home. However, they would be quite wrong. There are many reasons that a person might choose a new home over an…
Let’s begin with a little story, which takes place in Fairfax, Virginia. In the early 2000s’, this county was a hot spot for home builders, mostly because the city government was looking to expand the town. As such, they weren’t particularly diligent about enforcing the various building codes. Years later, when they actually did begin to…
Building a house is perhaps one of the most important milestones of your life. Whether this is your first time dealing with this process or not, this is an event that will affect your life for quite a few years to come. As such, it is not a process that should be rushed. Of course,…
There are many reasons that a person might need a mortgage loan (commonly called a mortgage for short). We could literally spend all day listing these reasons, but most of them come down to one basic theme: You use your property as collateral to secure a loan so that you can buy things that would otherwise be…
For you to be considering a question like this, one of two things must have happened. Either you have accumulated a number of possessions that exceed a manageable level, or your family has outgrown your home. It is always a joy to hear the sound of little feet running and echoing through the halls of…
Building a home is certainly not a matter to be taken lightly. There’s a lot of money tied up in this project, not to mention your expectations and desires. Before you even think about having a home built, you need to understand these three simple terms: Custom home, speculative home, and tract home. Why do…
What Is A Construction Loan And How Does It Work? A construction loan is pretty self-explanatory. As the name implies, it is a loan that is taken for the purpose of building a home. These loans are most often obtained from banks and other financial institutions. There are relatively few of us that can actually…
An in-law suite is just a term that some people use when referring to a guest area. Anyone who has frequent houseguests may wish to maintain a spare bedroom, but an in-law suite is a little bit more dedicated. This kind of space is also sometimes called an accessory dwelling unit, or ADU for short.…
Unless you just happen to have piles and piles of cash, the construction of your new home will most likely require a home construction loan. When you start the process of actually getting that home loan, it can be pretty overwhelming. This is especially true of first-time home buyers who may not be familiar with the…
What Is Construction Insurance? Construction insurance is a form of insurance that is specifically intended to cover buildings that are under construction. It might seem strange to buy insurance on a home that is not yet constructed, but there is a lot that can go wrong during the building process. Theft, vandalism, and arson are…