For many homeowners, the decision whether to build a high-performance home is a financial one. If you have to make the decision between installing solar panels or getting a few more of the amenities on your wish list, it can be a difficult choice to make. However, if you look at your home as the long-term investment that it is, building green just makes sense.
You have your team together, and now it’s time to go to bat. So it’s important to know the rules of the game. This boils down to one document: the appraisal. In evaluating a green home, the appraisal process aims to acknowledge the long-term value of your home. When the value is appropriately recognized by the appraiser, lenders will grant a higher sum to finance a green home’s construction, acknowledging that the long-term safety net of predictable (or no) monthly costs is far superior to that of the average home. Assigning value, though, is complicated by the fact that not all high-performance homes are equal and that few of them exist for setting the standards in this data-driven numbers game.
Today we complete our 3-part series on building costs – what to expect, and what to include, as you weigh what you want to build and what your budget should be – and whether those numbers from other vendors are truly apples-to-apples. If you’ve been following along with our last few blog posts (or newsletters), you’ve glimpsed some clues to what’s hidden in the costs behind door number 1 (site) and door number 2 (house) already. To close out the series, we will explore what hides behind door number 3: the costs of those seemingly elusive “extras”…
Today we launch a 3-part series on building costs* – what to expect, and what to include, as you weigh what you want to build and what your budget should be – and whether those numbers from other vendors are truly apples-to-apples. Without a doubt, one of the hardest questions to answer in the architecture and construction world is: “How much will it cost?” Invariably, and with good reason, the answer is: “It depends!”
Today we continue our 3-part series on building costs – what to expect, and what to include, as you weigh what you want to build and what your budget should be – and whether those numbers from other vendors are truly apples-to-apples. While we explored the mysteries of site costs in our last newsletter (and on our blog, read it here), this time we're diving into the good stuff: the house itself.
Homeowners looking to undertake home renovations [or built a new In-Law Flat and Guesthouse] can often use a home equity line of credit or HELOC to finance their projects. Here are six quick tips on how to shop for and manage a HELOC.
You may have cash in hand, or you may be going to your local lender, but in either case, it's wise to know some options for how one can come to own his or her own BrightBuilt Home In-Law Flat and Guesthouse. We’ve been talking to local banks, and have honed in on 3 of the most straightforward ways to add this tidy little living space to your property.
Many people depend on having predictable monthly expenses as part of a household budget. The more you can decrease those expenses, the more money you’ll have to save, invest, and enjoy. Many people also make the assumption that a green home costs more, but the truth is, building a new green home can actually help you reduce your monthly expenses.