Why Is It Better To Build Custom Homes Over Buying The Already Built Ones?

If you always have dreamt of living in homes made according to your ideas and planning, and not an inch has been made without your consent, custom homes is the best option for you when it comes to building a new home. If you build your own home no one would question your preference of having an extra large door or a too high ceiling. You could make your home the way you like. There are loads of benefits of building custom homes over the ready-built ones. Here is a list of those advantages that you have in building up custom homes over purchasing the existing ones:

1. If you have even the slightest ideas regarding real estate properties, you'd know that unless the builder is a reputed one, you'd get "builder's grade" materials for building up the homes. You should know that a not-so-reputed builder would provide sub-standard or below standard materials with the intentions of making profits by saving as much money as they can. So, it is advised that either you choose a reputed builder or else opt for custom homes.

2. If you are buying a fully furnished apartment with various appliances and cabinets installed, after a few days you might find your appliances giving problems and cabinets with tendencies of breaking off at the slightest thump. So, it is better to avoid such hassles and opt for custom homes where each and every appliance and furniture will be handpicked by you and would fit in the places you desire; not according to your builder's wish.

3. When it comes to custom homes - what you prefer is what you get! In terms of the sizes of the rooms to the space of your cabinets, every corner of your house - the entire layout - can be made exactly the way you want it to be. So, if you do not want to keep large drawing rooms and instead wants the bathroom to be larger, so it will be.

4. Right from the color of the interiors to the type of doors and windows you'd like your apartment to have - everything is just made according to your consent.

But, you must know that building a house all by yourself is hectic. While there is loads of paperwork to be done, you also need to be present at the sight to supervise and instruct the workers and the masons on what needs to be done and what not.

Custom Homes for Sale Mesquite NV - Ence Homes Realtors has been building quality homes with superior craftsmanship for over 50 years. Visit http://www.encehomes.com for more information!

Article Source: http://EzineArticles.com/?expert=Kathleen_Chester

Unlike site built homes, they are built in a factory with controlled climate. What makes it unique is the environment that it is built on. Since most accounted occurrences of molds in lumber are associated with storage facility, transportation, and climate, you are given an alternative in eliminating the possibility of lumber damage with the help of modular homes.

Eco-friendly, the latest and most recent techniques in construction are applied when making this type of home. It guarantees an economical way of owning a home, along with the assurance of living in a comfortable home despite the weather. Most often, it comes with a 2x6" framing for walls. Meaning, constructors are able to place more insulation which spares a great deal of energy.

The examination of modular homes is thorough. Even before it is built, the house plan is to be reviewed for approval in any state the manufacturer plans to sell it to. The houses will then be designed and built according to the standards of the state it will be shipped to. These homes will then undergo scrutiny from other third-party companies that the state will hire, including the housing areas. Once all the requirements have been completed, the said company will then certify the home as one of the approved homes that is compliant with the building code provisions.

Despite the features, the price you pay for it is economical. Most often, the delays experienced in making houses are due to weather-related reasons. This will also account for waste in expenses for idle workers, wasted time, and resources. Since these homes are made in a factory with regulated climate, there will never be construction delays, the resources will always be in good condition, and the workers do not have any reason to slack off.

Aside from preventing unwanted delays and preserving resources, there are also benefits for those with housing loans. As the construction time is decreased, the interest on your loan construction is also reduced. Meaning, you will pay less amount with modular homes. In addition to that, the bulk of modular homes are increasing in a year. So, the more customers wanting to have modular homes, the more materials will be needed to create one. This implies that manufacturers will receive bigger discounts from their suppliers. Therefore, customers will get the chance in acquiring great discounts from the manufacturers.

Modular homes are unique. Unlike site built homes, it gives you endless possibilities when it comes to creating your own design. It is possible for you to visualize the house you have always dreamt of since it uses a computer in creating a blueprint of your home. The house and floor plan is basically more interactive in creating a home whether it is for a family or a single individual.

In this world of recent innovations, even the issues faced in making houses has been taken care of. With all these benefits of modular homes and the number of people opting to have one, the accuracy of these facts are undeniable.

http://Modulars.com offers FREE consultations and modular home prices estimates for manufactured homes and custom modular homes from modular home builders across the United States!

Article Source: http://EzineArticles.com/?expert=Caster_Megoc

Seven Steps To A Foundation That A Concrete Contractor Would Build His Own Home On

Picking a foundation contractor is a critical issue that can cost or save you thousands of dollars when building your structure. There are very specific items you should have knowledge about to ensure that you are getting the best foundation for your structure. Some contractors may prefer that you did not know this information as it will reveal areas that their business is lacking. And let's face it, in construction, as in life, not all things are created equal.

1. Square and Flat
Every item used to build your home in one way or another will be affected by the accuracy of your foundation. The terms square and flat refer to the exactness of the outside dimension of the foundation and the flatness of the slab itself. If you foundation is not constructed square and flat every trade that follows will have more work to fix a foundation that was not constructed properly. And added work to the following trades can result in extra charges to you for the work required to correct a foundation that was constructed poorly. Framing, trusses, cabinets, flooring, etc. will all be affected greatly by the foundation. To protect yourself from added expenses make sure your foundation contractor is willing to guarantee the accuracy of his work and fix any problems he may create for the following trades.

2. Slab on grade foundations in 15 days or less
Slab on grade foundations are completely flat foundations with no steps and or walls. This type of foundation should be completed within 15 working days or less when weather is permitting. Anything longer than 15 working days and you are spending more money than you should on carrying costs. Have your foundation contractor guarantee a timeline and make them stick to it. You can even try implementing a $100 per day penalty if they don't finish during the specified time frame. Foundations with walls and steps will take more time depending on the complexity of the work.

3. One price for everything
The dirty little secret many contractors use is to quote a low price so their estimate is accepted. Then they will charge you for the equipment and material required to complete your foundation saying that it was not included in their original proposal. Every contractor quoting your foundation work should be including all of the items required to complete your foundation. Do not accept additional charges. You can use the checklist provided called "31 Items Your Foundation Contractor Should Include to Complete Your Foundation" as a guide to guarantee that you will not be billed for anything additional.

4. Suppliers are paid
Imagine that your foundation is complete and you have paid your foundation contractor for everything. Then within a month or two of your contractor getting paid you receive a letter or phone call from the concrete supplier stating that your contractor never paid for the concrete. This may sound unlikely but believe me, it happens, and more than you think. Especially today as more and more contractors are struggling to stay busy enough to pay their own bills. You must ensure that all material and labor is paid for before releasing your final payment to your contractor. You can use the enclosed Lien release forms to help protect yourself from this occurring. Another good idea is to check with your contractor's suppliers before you hire them to see if they have accounts in good standing.

5. Licensed and Insured
State law requires that anyone who contracts to do construction work, must licensed by the Contractors State License Board in the license category in which the contractor is going to be working. In the case of your foundation this will require a C-8 License (Concrete). Go to http://www.cslb.ca.gov to check out every contractor you are considering. You can also verify the status of the contractor's Workers Compensation insurance on the CSLB website. Be careful with this one. For you to be completely protected a contractor must carry Worker's Comp. on every employee they hire to work at your home. Go to http://www.cslb.ca.gov to check out the extent of the Worker's Comp. carried by each contractor. Time and time again we have found that our competitors are severely lacking in Worker's Comp. compliance.

6. Highest quality materials
Your engineer will design your foundation to perform to a certain structural criteria for performance and for your safety. To achieve this result the engineer will specify the type, strength and design of the rebar and concrete that is used when building your structure. Generally this information is never verified by the building inspector when they are on site for an inspection. It is a good idea to check with your contractor to verify that the materials specified in the plan are the same as the materials being used to build your structure.

7. Experienced Staff
Do you really want a contractor to be experimenting when they construct your foundation? Custom foundation construction differs greatly from tract home construction and commercial construction. If you want the project done right you need to hire a foundation contractor that has many years of experience with the type of structure you are building. Check every contractor's references and verify their experience.

Thank you for taking the time to read this article. I hope you found it useful. If you would like to know more about choosing a concrete contractor and get a lot of free resources, please visit my Temecula Concrete services website at http://www.precisionsetup.com/.

Article Source: http://EzineArticles.com/?expert=Clinton_Halley

You have two main options when looking for a home builder. There a builders who work on multiple house developments and then there custom home builders who offer more individual attention and work with you to create the house you particularly want.

Regardless of what type of builder you elect to do the building there are certain things you need to be watchful of. Failure to check out the building company thoroughly before signing a contract can result in some pretty horrible consequences.

Here are three ways to find a reputable home builder:

1.Use the internet to find a building company which does quality work. See if they are members of a recognized body that endorses best practices. You should be able to find out if they have any display homes in your area.

2.There may be some one in your social circle who has knowledge of a good builder. Ask as many of your contacts as possible and you might get luckly and get a good lead.

3.Try print media such as the yellow pages, newspapers and local magazines to find ads from local builders.

Once you have the names of a few builders you can begin contacting them by phone. When you meet with a sales representative you need to have a fairly clear idea of what you want.

Be clear about what your budget is. Get an idea of what designs are available and how much flexibility there is in case you want modifications.

Check on warranties for any of work completed. Get information on how you can get the most energy efficient home to reduce heating and cooling costs. Get a detailed list of all the construction costs involved.

A highly professional builder will answer all your questions honestly.

Next, go to http://homebuilderscanberra.com to get more useful tips on how to get the very best homebuilder

Article Source: http://EzineArticles.com/?expert=Mark_Trevean

If you want to build your own home, you could use the help of architects in your area. If you know an architect or want to hire one for the job that you want done, they are trained to do their job right and will make sure that your home is safe and secure for you and your family to live in. They do not only design homes, but they design many buildings. Have you ever looked at those funky buildings that you see all over the place and think: how did they do that? It is the job of a building designer to make different buildings but make sure they are secure.

You cannot always find an already built home that you love; sometimes you need to build your own home to make sure that it is everything you have ever dreamed of. Whether you want a big, nice kitchen, a master bedroom with a nice big walk in closet, or a nice backyard for the kids, the nice part about it is that you can make it anything you want. As long as you provide the land, hire someone to design it, and someone to provide the materials and actually build it, you can have a save, sturdy, and beautiful, not to mention brand new, house to live in.

Unfortunately, not everyone can purchase and build a brand new home. It does not cost as much to buy a home because you do not have to buy the materials, hire someone to design, and someone to build. After all of that, the expenses add up and they add fast. If you are going to build a new home, you will need furniture as well and that can be very costly too. If you are going to go through with this, you need to set up a budget so that you do not run out of money before the project is completed. That would be the worst case scenario. Also, you are going to need somewhere to stay while your home is being built because it can take up to about a year or more to build a house.

As long as you have the finances that are needed to build a home, you can do whatever you want. You can decide anything from where you want each room to where you want all the outlets. If you already have certain furniture that you want to put in the home, you can build the home around the furniture. You will have the best looking house and it will be a nice space to have people over. If you have certain hobbies, you can have an extra room for your crafts or hobbies.

When you work directly with the people who are designing and building your home, you can let them know exactly what you want and they will make it exactly the way you want it while making sure that it is safe and secure. You will be the ones giving directions and they can give you their professional input.

Stewart Wrighter recently remodeled his vacation home using a couple of Cincinnati architects. He was very pleased with the house plans drawn by a local Cincinnati architect.

Article Source: http://EzineArticles.com/?expert=Stewart_Wrighter

Many buyers put the most value on one thing when looking for new home builders to bring their dream house to life: Budget. Your initial budget for your home is immensely important, no doubt, but there is one thing that is often overlooked, which you should consider to have equal if not greater value. In a word, this can be called 'service'.

Where budget is concerned, you would normally consider the funds that you're willing to spend on your dream home, and then compare this with the prices and financing options offered by the company that you finally choose to build your home. But a home builder with an excellent sense of service would also remind you that building the home from the ground up is not the end of all expenses. Before you know it, as a buyer-turned-homeowner, you'll be paying for utilities, maintenance and modifications for your new home.

When a service-oriented home builder representative gets to know you well, and takes the time to understand your financial situation, that representative is likely to suggest energy efficient designs and features, offer low maintenance building materials, and work in close contact with the home buyer in order to eliminate the need to make new modifications any time soon.

Certainly, in the long run, excellent service trumps your initial concern of budget. You may be able to save a small percentage of the initial cost with small-time new home builders, but a reputable builder with an excellent sense of service helps you create a home that lasts. And this is a mere example of what excellent service can do for you.

Resource Box:

David Weekley Homes offers incomparable design choices, excellent financial options, and, above all, high level customer service for those looking for new home builders. The company enhances people's lives by giving emphasis to the buying experience in order to ensure that buyers get exactly what they want from their new homes. To experience their excellent customer services, call 713-963-0500 or visit DavidWeekleyHomes.com.

Article Source: http://EzineArticles.com/?expert=Jack_M_Patterson

The Importance of Finding the Right Builders for New Homes
By Jack M Patterson When it comes to choosing from designs for new homes, you might be tempted to put appearance on the very top of your list of priorities. And home builders that are merely concerned with getting the job done quickly might let you go on believing that appearance is the most important thing. However, an experience home builder that knows better, and is concerned with your quality of life even after the house is built, will stop you from making a grave mistake.

It makes perfect sense to prioritize looks because you probably already know what your dream house is supposed to look like. There's no arguing with the fact that a beautiful home will make you feel good about living in it. But a quality that is often overlooked that's just as important, if not more, is functionality. Concerned builders will not measure new homes in terms of square feet, which is often the basis for costs. Instead, they'll consider cubic feet, and the flow of light in every room.

One other major concern is budget. Some of the less experienced home builders are likely to offer lower costs on the same square footage of a house, but this won't necessarily save you money in the long run. These cheaper companies may resort to using poor quality materials and employing inexperienced or shoddy workers that will have you paying through the nose for maintenance down the road. A builder who cares, on the other hand, would work with you so that you know exactly what's being put into your home. Designers could suggest high-quality, low-maintenance materials, as well as energy saving that will cut down on utility costs.

Find home builders who care by looking into customer reviews, testimonials, industry awards, and referrals from your friends and co-workers who just got new homes.

Resource Box:

David Weekley Homes is the epitome of home builders who care. Apart from its incomparable design choices and great designs on offer, the company takes pride in its well-documented high-level customer services. Anyone interested in new homes should call 713-963-0500 or visit DavidWeekleyHomes.com.

Article Source: http://EzineArticles.com/?expert=Jack_M_Patterson

"Ah-ha moments", those times when something is triggered in one's mind that opens up a new understanding or way of seeing things. Day three of West Coast Green 2009 brought together some of the brightest minds in the "green building" movement and provided the platform for the cross-pollination of innovation and ingenuity that led many to "ah-ha moments".

One attendee, Jason Lear of Batt + Lear Designers and Builders who traveled from Seattle, Washington to attend the show shared some of the information that led to a complete rethinking for the way he conducts projects at his family-run business. During a previous show, Mr. Lear sat through a presentation given by Rick Chitwood, President of Chitwood Energy Management. The presentation by Mr. Chitwood was so simple yet so powerful, it changed Mr. Lear's business overnight. The subject of the inspiration; properly sealed attics.

You may wonder: "Properly sealed attics??? Who gives a crap and how is this relevant to me?" Think about it, you are sitting in a room right now and most likely somewhere in the structure you inhabit, there is an attic. If your structure is anything like the millions of structures built without proper air sealing (filling all the cracks and holes that allow air to escape from your home into your attic) and insulation, chances are your heat is rising up through your rooms, finding small holes and leaking into your attic and out of your roof. Mr. Chitwood explained that when this happens, the air you pay to heat or cool is replaced with unwanted air which increases electric bills, reduces air quality and make a home less comfortable. The average home leaks the equivalent of having a two foot by two foot window open every hour every day of the year.

According to Mr. Lear, "I walked away from his presentation and said, if he can do it, we can too." From that day forward Batt + Lear began to pay much more attention to all the little spaces that normal builders don't think twice about. He found that sealing all the holes, gaps and spaces made his clients' homes more comfortable, healthier and required much less energy.

During this year's West Coast Green, Mr. Chitwood provided another shocking presentation. This time around he described the results of his company's work in the build of a luxury show home. During this project, his team focused on making the home as airtight as possible throughout the building process. This is important because it means that the air someone has paid to heat or cool will stay inside the house. Proper air sealing also means that all seams, spaces, and holes which typically exist during the building of a home are filled with insulation, foam or caulk. Additionally, duct sealing means that the air ducts running from the HVAC to the vents throughout the home must be sealed completely rather than to code (code in California allows for 6% leakage in newly built homes). The average house is California has 30% duct leakage. The result of Mr. Chitwood's attention to detail? Without all that air leaking through the walls, the home was able to downsize its HVAC from a 4-ton unit to a 2-ton unit. That meant two less horsepower chugging away to provide cooling or heating and two less horsepower to pay for unnecessarily.

A less expensive HVAC unit? Less wasted energy? Lower utility bills? A more comfortable home? All from air sealing properly? Ah-ha.

Reprinted with permission from CleanTechies

There was a time that working at home meant your home had an office and you worked for an employer rather than yourself. Nowadays, it may mean you started your own business from the comfort of your home and it's taken off. Here's a thorough look at the two ways a person can work at home.

Two Ways A Person Can Work From The Comfort Of Their Home

Telecommute

Working at home is growing quicker day-by-day as people opt to do so. Sometimes working from home is done out of necessity; other times it's just for a bit of luxury and extra money. What kinds of folks tend to telecommute?

Actually, sales people can work at home. They'll use their computer and the connection to the Internet each morning to call customers. Then they'll use the phone to follow up. Any customer service representatives have the ability to work at home because they only need to answer the phone. Why bother driving in to do something like that?

Two other jobs that are frequently done from home include freelance writing and website design. However, there are many other employment opportunities a person can do and work at home to do it. Some websites where you can find a company offering telecommute services include: careerbuilder.com, journalismjobs.com and TJobs.com. These places are looking for not only telecommuters but also full and part-time personnel.

Businesses From Home

With the advent of the Internet, many people are turning to it to start a business. They know it's a wonderful way to stay home, be the boss and work when they want to. Sometimes the money a person make will depend on the field they choose to invest their time in and how much effort they put forth to see it succeed. At home business owners know that they have the power over their free and work times.

Many work at home persons who use the Internet are becoming millionaires or can pay every single bill each month with money to spare for extracurricular activities or savings. All it takes is something people will buy, a blog you can market on and several marketing/advertising skills, which will bring traffic/visitors to the blog.

Many people are using blogs to sell their product rather than building their own website. When people have a blog, there's no need to leave their home. Keep in mind that working at home doesn't mean you need a product to sell. In fact, you can market another person's product and still work at home. It's not uncommon to find a business looking for people to market their products. Folks who do this type of work are known as affiliate marketers. Companies who hire affiliate marketers will provide services such as shipping and money collecting.

While there are only two ways listed that can let you work at home, there are others. Either you're the boss or work as someone who can do a job without supervision. The only thing you need to do is narrow down what way works best for you and do it.

Dillon Loh is an internet entrepreneur. He is passionate in his work. His passion is to help others to achieve what they desire. He believes in learning from others by helping them to succeed. Get the free tips of the success in Make Real Money on the Internet Book now!

Article Source: http://EzineArticles.com/?expert=Dillon_Loh

People often associated work at home jobs as something stay at home moms and low paying persons would do. However, work at home jobs doesn't just need to be for mothers looking for some extra income or low income persons needing to boost their income. Work at home jobs can be for anyone who wants the opportunity to stay home and work.

The trick to working at home is finding a niche that is enjoyable and gives the ability to make a little money. If you know you can work just as hard at home as you would at a "regular" outside job then you're an ideal candidate for work at home jobs.

It's important to understand that many "work at home" jobs include using your computer, Internet and telephone. There are six "work at home" jobs that can bring in a decent profit. What are they?

Six Profitable "Work At Home" Jobs

Option 1 - Selling Products

One way to make a little extra money is to sell products such as memberships. At one time network marketing was a difficult thing to sell. However, any person has the ability to make money by selling some type of Internet product to anywhere in the world.

Option 2 - Becoming An Affiliate Marketer

Instead of looking for your own product to sell, consider selling products that other people are marketing. This is a popular business since you don't need money to start off plus any business you choose to market for will provide you with the product. The business will collect the money; in turn, paying you for your time and effort.

Option 3 - Providing A Service

You can always make money by providing a service to another person. For instance, writing is huge. Consider writing blog content for someone who doesn't have time to do it. You can also build a website for a person who needs a website but doesn't know how to do it and bring in visitors.

Option 4 - Typing Or Data Entry Jobs

Many companies are more than eager to compensate a person for their data entry or typing skills. The only thing you need to do is locate them. One way to begin is to find a small business, perhaps in your hometown, who don't mind you working at home and still do the office work.

Option 5 - Completing Surveys

Do you need an additional method that will allow you the option of working at home? Why not complete surveys for reputable companies? You'll need to narrow down the companies who are scamming you from those who are legit. There have been many people who've made a living at completing surveys; all they did was run down the survey work and treat it as if it were a business.

Option 6 - Become An eBay Seller

EBay is a great place to sell things and make a little money. However, you need to learn a few things before you can make the money you expect to get from the website.

These are just six options to making you money as you work at home. The only thing to really remember is that you have to want to make that money and find a money-making tactic that works for you.

Dillon Loh is an internet entrepreneur. He is passionate in his work. His passion is to help others to achieve what they desire. He believes in learning from others by helping them to succeed. Get the free tips of the success in Make Real Money on the Internet Book now!

Article Source: http://EzineArticles.com/?expert=Dillon_Loh

When you have a home business, it generally means you run it from the comfort of your own home. If you're looking to increase your median income, the best way (and the most popular way) is using your Internet connection to make the money. How can you make money by using your Internet connection?

There's no reason to look at the past when it comes to the dot com era. Remember there was a time that the measure went belly up? Nowadays, people are turning to the Internet to create a home business and make their money without ever having to step foot outside the home. How can you make your residual income? Start by selling your products, which will pay you time and again, sale after sale.

What does this do for you in the long run? It means you can make the money without having to do any work. Has anyone been able to do this? Some have; insurance salesmen, for quite some time, have done this very thing. Network marketers are also a part of this money making ability group. However, other people often make the effort for the network marketer.

A great way to make some extra income is to sell membership products. The way you make money is to have paid members to make you that money. For starters, if you want a home business, any private label right courses will pay you a 50 percent commission to members who can recruit new members.

What does it cost to do a PLR program? It's roughly $100 a month, which means you'll get about $50 from the first sale, with this dollar amount continuing each month that the member stays active. If you want to earn $5,000 a month, you'll need to make 100 sales.

What does it take to make this home business get off the ground? For starters, you'll need two important things. You'll need a computer that has an Internet connection. You might also want a phone and/or a fax machine.

The best part is that you bring in new customers as you get paid for the established ones. Who wouldn't like to have money coming in many times over as they seek out new customers?

How can you begin selling these PLR programs? Start by using Google and inputting the keywords PLR or private label rights. It's always a great idea to be paying for any PLR program but you need to keep in mind that some places will make this a requirement before you can earn money from the sales.

Keep in mind that PLRs are just one way to have a successful home business that allows you to make money using the Internet. Don't forget that using this kind of program allows you to walk away when you need to.

If you like the idea of having an online home business, then doing something such as PLR program is the way to go.

Dillon Loh is an internet entrepreneur. He is passionate in his work. His passion is to help others to achieve what they desire. He believes in learning from others by helping them to succeed. Get the free tips of the success in Make Real Money on the Internet Book now!

Article Source: http://EzineArticles.com/?expert=Dillon_Loh

If you own a home-based business, having an appropriate work space is critical to your productivity. Depending on the nature of your business, your office could be anything from a small computer cart on a closet, to a full room complete with meeting area and library. But whatever you choose, it's important to do some planning prior to buying furniture or storage.

First, clarify your needs. Do you spend a lot of time at the computer, or do you spend more time meeting clients or producing product? If you're a consultant, you may need to bring clients in to your office regularly; this would necessitate having a seating area for two or three people. If you're a writer, you may only need a desk and a comfy chair in a quiet corner. The most important thing is to decide whether you need a full room or not, and where in the house it should go. Generally, a room away from the main flow of traffic is best, and one with good natural light all year is especially good. If you don't have the space to dedicate an entire room (I sure don't!), using a spare bedroom, dining room, or other similar light-use room can work fine.

Second, you need to figure out exactly what type of work will be done. If you write, you may spend most or all your working time at a computer, necessitating the need for a very good desk and chair, and proper storage for a myriad of computer equipment. If you produce hand crafts to sell, you'll likely spend time both on the computer and creating your product, so you'll need a computer workspace and an appropriate production space, complete with storage. If you're a consultant who meets with clients regularly, you'll need a good, clean computer area with a professional, comfortable seating area. These are just examples, but the important thing is to know exactly what will be going on in your office so you can properly furnish and arrange it.

Finally, you need to decide your furniture and storage needs. A large corner computer desk with plenty of shelving and drawers and a comfortable ergonomic chair may be perfect for someone who does a great deal of computer work, and needs to reference books, magazines, or other paperwork regularly. A small computer desk with just enough space for electronic devices, a large work table, and a good chair to use at both would work well for someone who produces their own goods. Storage products are quite varied, with everything from large drawer and shelving units, right down to small fabric boxes and bowls for small items. Make sure you consider what you frequently keep in your office and need to have at hand, and what you use less frequently and thus can be stored away from your workspace.

Setting up a home office can be easy or difficult, depending on how you approach it. It can also be made more difficult and stressful if you don't take the time to plan ahead of making purchases. If you spend some time considering your needs, you can prevent headaches and difficulties down the road when you realize your space just isn't working.

Christina Keightley is a stay-at-home mom, freelance photographer and writer, and owner of TiKi Photography. She also writes for several blogs, including http://christinakeightley.ca and http://bbb.christinakeightley.ca

Article Source: http://EzineArticles.com/?expert=Christina_Keightley

If you are new to home building as a first-time buyer, you may feel intimidated and overwhelmed about the all of the choices you will be making. Home building can be a very rewarding and very stressful experience. Home building in a development is very different from building a custom home on your own lot. Working with a contractor is different from building your own home. You have many choices for features and building materials for your home as well. It is important that you educate yourself as much as possible when you go through the home building process.

Homes in a development will generally not have as many unique features and customized design options as other homes. But, if you have limited funds this may be the best way for you to get into a home of your own because you will not have to pay so many design costs. If you have more money to spend on your home building project, some luxury housing developments allow for more elaborate features and more customization.

On the other hand, you may want to have a custom built home. Custom home building requires a lot more decision making because not only will you be deciding on where your home is built, you will also decide on your own floor plan and features. If you are working with a contractor, you will also need to find a reputable one. You can check with the home building organization or contractor’s organization in your local area or state for recommendations. The Better Business Bureau also keeps tabs on local contractors. Your contractor should be licensed, bonded and insured.

Many people who are trying to save money on their custom home building do some of the work themselves. If you are working with a contractor, you will want to make sure that this is something they are willing to have you do. You can save a lot of money by doing work on the home yourself and you may even learn a few new skills in the process.

In a custom home and in some developments you can choose what types of materials are used in your future home. One choice that is getting more popular is “green” building materials such as steel framing or roofs, energy saving windows and recycled or salvage materials. This is a way that you can save money now and in the future.

The location of your custom home depends on what you can afford and your lifestyle and tastes. It will affect the value of your home in the future and should be chosen carefully. Think about access to utilities and amenities as well as how much land you want.

Eriani Doyel writes articles about building. If you would like more information about homebuilding visit reedbuilding.com

Article Source: http://EzineArticles.com/?expert=Eriani_Doyel

Atlanta Home Builders - Like the idea of living in the state of southern hospitality? Take a look at the Atlanta home builder communities to see if you can find something for you and your family. Available below are some links to notable home builders in the Atlanta area.

McConnel Homes - Have your own idea of a home? Have yours custom built with McConnel Homes. This home builder is respected in the Atlanta community and offers energy efficient and environmentally friendly homes.

Beazer Home Builder - Beazer Homes is an Atlanta home builder that offers townhomes and single-family homes between $100,000 and $600,000. Take a look at the floor plans to see if any of the designs catch your eye.

John Wieland Homes - Move to you new Atlanta home in one of John Wieland's communities. There are 37 communities in the Atlanta area, so finding something that fits your taste should be no problem. Take a look at the different locations and price ranges to see which you like.

Eco Custom Homes - Just as its name hints, Eco Custom Homes is a builder that offers eco friendly solutions to new and already existing homes. You can buy one of their semi-custom homes, which are older homes that were remodeled with eco-friendly features. There are also some current or recently completed projects you can look into, so make sure to take a peek.

Dr Horton America's Builder - This is a national home builder that creates over 41,000 houses annually. You can find some of their various homes in the Atlanta area. There are 36 communities available with various price ranges and designs.

Looking for your new home from an Atlanta home builder? Browse through the available links to see what you can find for your family. There are all types of home sizes to fit families of all sizes, so you are bound to find something.

Paul is a principal of NewHomesSection.com. Search home builders and Atlanta home builders today!

Article Source: http://EzineArticles.com/?expert=Paul_Escobedo

Building a house nowadays, is a decision which entails heavy costs, problems relating to finance and construction, delays in delivery and quality problems, titles, delays on building permits etc. Building a house is an investment decision, which should be studied carefully, as most families built a house once in their lifetime and the final decision in most cases can be irreversible. Below are some general guidelines, which could help the owner to assess the cost of building a house, since small items, which could build up the cost of the house, are usually ignored.

Cost of building plot

Prior to the commencement of construction of your own home, at least the plot should be, or nearly be paid. This will certainly give you an advantage with the financing of the building cost for the house and it is a prerequisite for all financiers. For the transfer of ownership of the plot a Governmental transfer fee of 7%-8% (on average) is required on the market value (not necessarily what you paid for) of the plot.

Cost of the Mortgage & Finance

To register a mortgage, a fee will be paid to the Land Registry Office of about 1% on the Mortgage amount. Normally the mortgage amount is the actual loan %2B 20% on top. You will have to pay the stamp duties and other Bank expenses, which could take the form of once and for all Bank charge (say, on average CYP1000). If you borrow from a bank there is an additional charge of approximately 1.5%-2.0% p.a. on top of the legal base rate of 4.5%. There are now many alternative housing schemes including Life Insurance finance, Co-Op financing etc which extend for 25-40 years and own contribution approximately 20% (usually through term life insurance).

Cost of Architectural Drawings

It is imperative to use a qualified Architectural Office which will have the responsibility for the work done. You should not compromise on this, since the Architect is the most important person in the whole process of building your house. Yes, go to different offices and do discuss fee levels and then make your decision, but always use a qualified architect. Rates are normally around 5% on the total cost of the building and includes the design and supervision. Some architects go up to around 6%-8%.

You will also need to employ a Civil Engineer to carry out the structural design. This cost, with supervision is approximately 1% on the cost of the building.

The cost of the building referred to, includes all items, but not the fees paid to the Authorities and decorative items. So please clear the matter with the Architect, Engineer, etc., what is included is the total building cost.

Cost of Building Licence

The Town Planning Department charges for the issue of the licence will cost you around £300 and for the building licence an added amount of £150-£200.

Cost of the Quantity Surveyor & M/E Engineer

If you wish to engage a Quantity Surveyor for the building, a fee of 1% of the total building cost is required. The cost for a mechanical engineer (for large buildings) is approximately 3%-5% on the cost of the Electrical and Mechanical Budget. Although the use of the above is optional, it is recommended for large and complicated buildings.

Cost of the building

Below you will find a guide of the building costs:

Normal quality house

* CYP500 per sq. meter for the covered area
* CYP150 per sq. meter for the uncovered veranda
* CYP250 per sq. meter for the basement

Good quality house

* CYP550-CYP650 per sq. meter for covered area (depending on quality/facilities)
* CYP180 per sq. meter for uncovered area

Plus the cost of a garage (£3000), water borehole (£1500), fencing and garden (£3500-£4500) for normal plots sizes.

Costs to other Authorities

Extra costs have to be paid for connection to the Water Board, Electricity, Telephone and Land registry Office (demarcation, issue of title etc) estimated at about £1000 in total.

-Total cost/sq.m. for a (250 sq.m.) house
-House 250 sq.m. @ £550/sq.m. £138.500
-Fees and Licences £9.000
-Interest on Loan (say) £6.000
-Other Authorities £1.500
-Garden etc. £3.000
-Sundry other expenses £4.000
-Total cost £162.000 or (£745/sq.m.)
-on top add 15% V.A.T.

The purchase of equipment and installation cost of central heating is an addition and costs approximately £20/sq.m. and for the airconditioning system, an additional amount of approximately £40/sq.m.

A large number of people act as their own contractors for the building and subcontract all the various jobs and supplies of the work. Where the owner is able and with sufficient knowledge and has the time to carry out the supply and coordinating function, there could be a possible saving of 8-10% on total cost. Going further, if "weekend housing" is put into effect (whereby all the family and friends offer themselves as labourers, skilled and unskilled) then the cost can be reduced by 12%-15%. Obviously, in both cases there is the strong danger that the quality will suffer and the time of completion extended.

In recent years, with the introduction of VAT and the increase in labour costs, we have experienced an increase of 7-10% per year, in building cost, a level which is higher than inflation. This has made the building of a house that much more difficult. A house can take approximately 18 months to be completed.

A last item that can cost between 5%-8% in addition, is the right of the Contractor to ask for increase in labour costs and materials prices during the period of construction. Therefore a certain amount for unforeseen costs should be included in the final costing.

Unfortunately in Cyprus we have not reached any stage of prefabrication, whereby sections of the house, windows, doors, kitchens, etc., are prefabricated so that there is a reduction in costs. Also the shortage of skilled labour has created a certain indifference to the quality produced and should always be watched.

The problems related to the building of a house and the related delays have caused the market to direct its interest towards ready houses (a circumstance which did not exist 7-9 years ago). We expect this trend to continue with a positive effect on the value of ready homes.

http://www.aloizou.com.cy

nicosia@aloizou.com.cy

Mr Antonis Loizou FRICS, is the Managing Partner of Antonis Loizou & Associates, a professional service provider based in Cyprus.

Mr Loizou has practiced in the UK and Cyprus for over 30 years, has a long track record of providing advice on complex real estate projects, writes regularly in the financial press, and is involved in the highest levels of the Cyprus government influencing policy.

Article Source: http://EzineArticles.com/?expert=Antonis_Loizou

In this modern era of convenience shopping, buying a house is probably the most longwinded purchase you'll ever make. One of the major time eaters of the whole house buying procedure is the conveyancing process, which is the transfer of ownership of real estate from one person to another. It may sound like a very simple process but it can easily take two or even three months to complete.

As it a legal process, a large majority of people employ the use of a solicitor or licensed conveyor to carry out all the legal work. The conveyancing process begins in earnest once an offer has been made and accepted on a property and both parties have exchanged details of their solicitors. However, even once you have accepted the offer, you must remember that it has been made subject to contract and survey. Your solicitor then liaises with the other solicitor at what appears to be a snails pace to complete the legal documentation that is required in transferring ownership. As the process can be very slow it can become very costly, so many people are now making the decision to do their own conveyancing. However conveyance is one of the areas of the property transaction that is the riskiest, most labour intensive, and filled with a vast amount of legalese (legal jargon). But you will find that doing it yourself will save you hundreds of pounds, as there will be no fees to pay, no mark ups or VAT on any disbursements that you may have to pay to a legal professional..

If you do some research before hand it can be beneficial because it can help you have better knowledge of the whole process of conveyance. The main benefit of doing your own conveyance is that you maybe able to do it much quicker if you devote the sole of your time to it.

However not everyone should rush out and do their own coveyancing, this is because it is very complicated and you need to be confident in your ability of not to make a mess of it, as you could face severe penalties for any mistakes. Also make sure that you do not miss any thing from the list of activities that a solicitor would normally do. If you do everything in a sequence and in plenty of time it should be fine.

The main problem that you are likely to face would be the lease and the contract. This is because it is the part where the solicitor would draw on their expertise on the process. So you need to careful and attentive and thorough in all your dealings with these documents. Also make sure you understand all the terms and conditions and the implications of all the clauses. Keep checking everything you have done and make sure everything is spelled correctly.

Even when you are sure you have done everything, it may still be worth getting a solicitor to give your work the once over and to ensure you haven't missed anything important or made a huge blazing error. You should be able to find a solicitor who will do this for you for around £100. Hopefully after getting every checked over by a professional it should bring you peace of mind.

The process of doing the conveyance may seem to be long a labour intensive, but if you are dedicated enough and organised enough to do as much research as you can, any thing is possible. But it is important to remember to keep checking what you have done.

Fazila is the author of several conveyancing related articles.

Article Source: http://EzineArticles.com/?expert=Fazila_Mir

Designing a home can actually be quite a difficult and technical thing, there are always certain things that people don't feel comfortable doing by themselves and so would always want to leave in the capable hands of a professional. Most people do not bother designing their home renovation project, instead they will get a professional to help them out.

Lots of people simply don't realize that they could do all of this planning by themselves and fairly easily too, you can do this using computer software. This doesn't only help with planning but will also help you understand certain aspects of the interior design process.

There are many different types of home design software which is available, you do not actually need to choose the most advanced piece of software. You should choose carefully depending on what you want and expect from interior design software.

Walls

The best lesson that you will learn from any home design software is about walls. This software should show you how you need to place walls so that things don't just fall down. It's very important to understand load bearing walls and the dimensions of the walls. These things may all seem very easy, however they are very important things to know. You not only use home design software to learn how to build a home, but also to see how it will look when it's completed down to the country curtains covering the windows.

It might not be possible to create a wall at a particular angle for a number of reasons. This design software will help you to understand the reasons behind this and why it's just not possible. You might also discover that some seemingly simple elements of design are extremely complex, home design software can make it much easier for you to know these things. This software can also give you a better understanding of how different elements of home design work together.

Studying Things

A house needs to have protection to make sure that the rain and elements do not damage your house. To understand this protection you need to know about water tables, and how they affect the building. You will be able to learn plenty of information about water tables using this home design software. Few people are able to understand how they should design the outside of their homes to prevent water getting inside. It's very important to thoroughly understand how to weatherproof your home

Building a home is quite complicated, there's a lot that you need to learn about. Using design software is a fantastic way to learn about this complicated project. You will no doubt be surprised just how much you can learn from this valuable piece of software.

Home design software can make a complicated task much simpler and more enjoyable. Spend time choosing the right piece of software and you won't go far wrong.

The essayist Ken Morris is particularly passionate about news associated to country ruffled curtains. His observations on country curtains are published on his webpage as well as various other online sites.

Article Source: http://EzineArticles.com/?expert=Ken_C._Morris

1. What is a good construction loan?
A typical construction loan nowadays is a construction to permanent loan that may or may not allow you to lock-in todays low interest rates until the home is completed. If you choose a loan that does not allow you to lock in upfront, the interest rate may end up higher along with your monthly payment.

2. Should I use A Broker?
The most important thing when searching for a good construction loan is to find an experienced construction loan specialist that knows which banks are the best. A broker is a representative for hundreds of banks. Although the broker serves as middle-man, his or her services will not cost you anything extra. That's because brokers get loans at wholesale rates, and pass them along to their clients at retail prices, just like any other business.

* Wholesale and Retail - The difference between wholesale and retail is how brokers make money. Therefore, you get the same rate from a broker as if you went directly to the lender yourself.

* In Fact, because or their volume, many brokers are able to offer their clients better deals than you can get by talking to the banks on you own.

* With an experienced construction loan broker you can shop dozens of the most competitive banks nationwide, work with wholesale pricing and can negotiate on rates and pricing. Also by submitting multiple loans at the same time you will not lose extra points on your FICO score.

3. When Should you lock in your construction loan before you start building, or let the interest rate float?
If the rates are heading upward, lock. If the rates are stable, relax. If the rates are headed downward, float. Right now interest rates are at an all time low and can only go up. Lock into the best interest rate with the ability to float downward.

Inexperienced loan officers will offer their customers an enticing low adjustable rate during construction without an upfront lock-in and the customer may end up having to lock into higher interest rates when the home is completed. Or the customer is sold on a higher rate during construction with a float down option after the home is built. Again, the rate could be much higher when the home is completed. Meanwhile the loan officer has been paid and has moved on to the next loan. The only time you want this type of loan is if it's the only loan you qualify for.

Most loan officers do not explain this to their customers until it's too late (Closing). Always ask. Is the construction loan rate locked upfront or floating during the construction loan period? Then ask, is the rate during the construction loan the same rate when the loan converts into the mortgage period.

How do I qualify for a construction to perm loan, and what are the procedures?
The first thing your loan officer wants to see is your completed loan application. The loan application called the (1003) will tell a story of your financial picture.
The completed loan application will tell the loan officer many things including,
1. What type of loan you want.
2. How much money you need.
3. Your social security number.
4. Your current employers.
5. A list of all you assets (money) and liabilities (bills).
6. How much money you make.
7. How much real estate you own.

Once the loan officer has your loan application in hand they can determine whether you can qualify for a loan. One of the first items pulled is your credit report. The credit report is going to tell 3 main important things.

* Show your current credit score. The credit score can range from 500 to 800.

* Show a complete list of all your monthly liabilities (bills).

* Show all past credit problems including bankruptcies, foreclosures and late payments.

With this information the loan officer will do an analysis to determine if you can qualify for the loan amount that you're looking for. This analysis determines a ratio called the (income to debt ratio) and depending on the banks underwriting guidelines this ratio will usually range from 36% to 45%. The income to debt ratio is the percentage of monthly debt payments (including your new mortgage payment, taxes and insurance). This ratio should not exceed 36% to 45% of your monthly income. Some banks will allow you to exceed this ratio if you have an excellent credit history and excellent credit score. The current and the most popular method of qualifying for a loan today is the stated income loan. Banks are currently changing underwriting guidelines because of the amount of bad stated loans they are foreclosing on.

Stated income allows you to qualify without verifying your income on your tax returns, W 2's or pay stubs. The only thing the bank verifies when applying for a stated income loan is your credit score, liquid assets and that you're employed.

4. "Bait and Switch" Don't be taken by one of the oldest tricks in the book
The mortgage lending business is notorious for baiting and switching. Baiting and Switching is when a loan officer or advertisement offers you one thing and then tries to sells you something else.
Typical signs of baiting and switching are obvious, some basic examples are:

* Over the phone, you are offered a much lower rate than any other quote and once you've sent in your application the rate you were quoted has all of a sudden vanished.

* You are offered a construction loan with no points and no loan fee's. What you are not told is that you are paying for it with a higher interest rate and the costs are built into the loan.

* You are told that you will not have any payments while you're building. What you're not told is that all construction loans have this option and it's called "interest reserves" and the payments are added to the loan amount.

Remember three important facts and you will always be in good shape.
1. If it sounds too good to be true there's usually a reason.
2. Always get your quote in writing, (ask for a good faith estimate).
3. If you are satisfied with the rate and construction loan program that you are quoted, ask to lock it in upfront.
On the flipside, it is very important to realize that most loan products typically go hand in hand with banking guidelines. These guidelines are provided to loan officers to coincide with the customer's qualifications.

For example, if you have a very high (FICO) credit score with land free and clear, you have more loan options than the person with a very low (FICO) score and no land equity.

5. Banks really don't want you to know this!
All banks have access to the same rates and the only reason everyone ends up with a different rate is directly related to how much your loan officer and bank is going to profit from you.
You should probably read that one again.

Your loan officer gets paid like all sales people either by:

* Salary plus commission

* Commission only

It doesn't matter if you walk directly into a bank or work with a broker, basically everyone gets paid the same. If you walk directly into a bank the loan officer most likely gets a basic salary and a percentage of the loan origination fee (points and yield spread premiums). If you work with a broker the broker usually works on a straight commission (points and yield spread premiums). Becoming a broker allows the loan officer the ability to offer their customers the best loans with the most options.
It always amazes me when I see TV commercials or hear radio commercials advertising $395, zero closing costs. I always wonder if people understand how they can do that.
Ok, here is how it is done.

The inside secret is that in exchange for these low or zero closing costs the lenders will make their profits and cover the costs of the loan by charging you a higher interest rate.
This higher interest rate pays what they call in our industry a (YSP) yield spread premium.

By charging you a higher interest rate over the life of the loan the bank can easily afford the commercials, commissions, payroll, and cover the costs of the loan while still making a profit. Also the service is usually very poor and impersonal.

So the next time you see advertising with no closing costs you will know exactly how they are doing it.

So please remember that there is no such thing as a free lunch in any business. Business wouldn't be business if there were no profits. The most important thing is that you want the best loan available at a fair price with an experienced loan officer.

6. What are interest reserves and contingency funds doing in your closing costs?
The two things most customers do not factor into the cost of the building their new home are interest reserves and contingency funds.

Interest reserves are added to your loan amount to make the monthly payment on your loan. Yes, you read that correctly, you will not have to make a monthly construction loan payment while your home is being built. The payments are made from this interest reserve account and no, it's not free. This reserve is added to your construction loan amount. Interest reserves were designed for the benefit of the customer. Most people building a new home are either paying rent or have an existing mortgage payment while their home is being built.

The last thing a customer needs is another monthly payment while building. So, banks created the interest reserve account by adding up the estimated interest payments over a 12 month period and add this to the loan amount.

If you do not want interest reserves added to your construction loan amount you can ask to make your own monthly construction loan payment. Contingency funds are added to the loan amount just in case you need more money to build your new home.

With all good intentions construction loans tend to have cost over runs. The bank adds 5% to 10% of the cost breakdown and adds this amount to the loan amount just in case you have cost over runs or need better appliances. If you don't need or use this extra contingency fund then it will not be added to your mortgage upon completion of your new home.

So when you apply for a construction loan ask your loan officer to provide you a copy of the estimated construction loan budget. The budget is created from your costs and includes every cost within the loan including land balances, closing costs, interest reserves, contingency and bank fees.

http://orlandoreunionresorthomes.com - http://orlandoreunionresorthomes.com/blog F. Lanni is a Top Producing Realtor In The Million Dollar Club

Article Source: http://EzineArticles.com/?expert=F._Lanni

"Rogue builders" although in the minority definitely give the construction industry a bad name and hardly a week goes by without there being yet another TV program about the so called "Builders from Hell". With the help of hidden cameras these "Rogue Builders" are exposed in front of millions of viewers when they blatantly try to cheat customers out of their hard earned cash.

So how can you protect yourself from these unsavory characters who unscrupulously rip off unsuspecting members of the public? The following are some helpful suggestions to consider before hiring a builder.

1. Always ask for references and details of previous jobs. Go to see these jobs wherever possible. A good builder will be only too pleased to show you evidence of his expertise.
2. Be wary if they offer 'cheap deals' for "cash-in hand" jobs or suggest you can avoid paying VAT for cash.
3. If they do not want to commit themselves to a written contract they should be avoided like the plague.
4. If they say they can start immediately be wary, as a good builder is usually busy.
5. If they give you a surprisingly low quote you should treat this with suspicion.
6. If they seem reluctant to look at plans or to discuss the details this should also set off alarm bells.
7. If they can only be reached by mobile phone and are reluctant to divulge where they live then this should be seen as a red flag.
8. If they try to baffle you with complicated explanations when asked seemingly simple questions they may be graduates of the "If you can't convince em confuse em" school of builders and you know that it may not be in your best interests to employ them.
9. If they say they are a member of a trade association, make sure to check it out as anybody can say they are a member when in fact they are not.
10. Get at least three written quotations from various builders and be very specific about what you want done.Leave very little room for misunderstanding and this will pay dividends further down the line.
11. Now is the time to clarify everything and make sure that no gray areas exist especially regarding payments and when they should be made.
12. If any problems arise during the building work sort it out with your builder straight away and make sure he fully understands your instructions.

If the above guidelines are adhered to then there is no reason why the build should not be painless and trouble free. If you need to hire a reliable builder go to http://www.thelondonbuilder.co.uk

Article Source: http://EzineArticles.com/?expert=Peter_O_Loughlin

For people who are looking for an investment where it is also possible to enjoy a bit of travel and take in some culture from a different country, Turkey is renowned as the most popular tourist destination in Europe and for this reason buying property is also becoming popular in Turkey. So, for those who are hunting for the perfect investment and holiday destination in Europe, get busy and buy some property in Turkey that will bring you profitable returns in the future. Turkey is still an unknown gem for property investors, prices for beautiful housing is still low, therefore when the housing and property boom which has overtaken the world hits Turkey, ensure you are in “ the driving seat” where you can benefit from buying an affordable investment and sell it for a great profit.

If you think this may be a good option for you, where you find yourself in a position to have an overseas investment in property, consider the benefits of investing in Turkey and seek the advice of Turkey property investment professionals. Getting professional help and assistance in acquiring your dream holiday property/ investment property can be beneficial in that you will be able to get expert advice on property investment opportunities, assistance with the paperwork, assistance in translation and more. Professional property experts can, in the end, save you time and money when you are making decisions and purchasing your Turkish Villa.

The property land value in Turkey is increasing by over 30% year on year for the last five years, therefore, using a Turkey investment property expert may help you find your investment property faster and help you finalise the buying of your chosen property quicker. We recommend that you buy now, and watch your property value climb. For many holidaymakers who are interested in having a permanent holiday house in Turkey, the option to rent out your Turkish villa is also available. Professional Turkey property investment companies will not let your Turkish Villa stand empty while you are away, you will benefit from a growing rental market in Turkey that will allow you to pay off and contribute towards your repayments.

Using a Turkish property expert company means that you will get individual and personal attention, this means that these professionals are aware that each person has different needs. Property investment professionals will help you find the perfect investment property to suit your individual needs, tastes, desires and dreams. So, save yourself time and unnecessary stress and use a investment professional when searching for the perfect investment opportunity in Turkey.

New House Construction loans are different from those loans that are used to purchase already existing homes or what is called a refinance. Mortgages used to purchase homes which are already constructed, use the home as collateral for payment of the loan. If in case you fail to make scheduled mortgage payments, then the bank takes ownership of the home and it will sell to get the amount of the loan.

With a new home construction loan, there will be no home to use as collateral because the home is still to be built. In that case, the bank will have your word as guarantee for payment of the loan. It would be good if banks could simply consider your word for it, but when hundreds of thousands of dollars and sometimes millions are at stake, John Smith’s signature is not enough for the bank to simply hand over a check for you to begin construction.

Because of the nature of the home building process, the financing process concerning a new home construction loan is more stringent. Once the lender has accepted you to borrow a new home construction loan, a schedule will be outlined again. In this draw schedule, the lender tells how the loan will be disbursed.

Typically, new home construction loans are disbursed in 25% increments. 25% of the loan amount will be given to you by lender,when you complete 25% of your construction. The lender requires an appraisal of the progress to ensure himself that said work has been completed.

You need not make any payments on your new home construction loan until or unless the original disbursement has been made. At that moment, only interest payments will be due on the loan and a good news is that you need to pay only for the portion of the loan that has been disbursed.

The more you construct the more loan of your's is disbursed, your monthly payments will be increased and this will happen because each time you are paying interest on a huge amount of money when a disbursement is made. Your entire balance of the new home construction loan will be due,when you complete your construction completely.

Don’t panic. You will have a way to pay this balance well in advance. “How”, you ask? Before you make a approval for a new home construction loan, the lender will ask you first to approve for a mortgage. To ensure mortgage approve, the new home construction lender will request a assurance letter from the lender of your mortgage.

Once construction is complete, the amount of the mortgage is used to pay you back the balance of the new home construction loan. You have a chance to choose between a one- or two-time to close new home construction loan. The primary difference between the two types of loans is the time at which the interest rate is locked in. When you choose one-time closing, both the construction loan and the mortgage closes at the same time,and locking the interest rate for both loans. On the other hand, when you choose two-time closing the construction loan closes first, and then the mortgage closes when you complete your construction.