Solving Residential Home Construction Problems

If you own a home, there is a good chance that you will eventually have problems and these problems will need to be repaired. Solving residential home construction problems can be extremely difficult, if you don’t have any idea what you’re looking at.

If you have water leaking from your ceiling, there’s a good chance that you have a home construction problem. If all of your doors and windows are closed and you can’t get your stove to lite or you feel cold air entering your home around the windows, there’s a good chance that you have a home construction problem.

These problems will need to be repaired eventually and the longer you wait, the bigger the problem could become. If you’re not interested in hiring contractors or you are in a financial pinch, but still need to get these repairs done, I think I can help.

There is plenty of information available on the Internet and at your local library. If you’re not hooked up to the Internet, some libraries have computers that you can use at no charge. These services are usually provided for free, to inspire more people to use these wonderful public institutions.

There are hundreds if not thousands of home repair books and quite a few of these can be found at your local library or bookstores. These books have plenty of information, along with wonderful illustrations that can shed some light on your home construction problems.

Don’t let these problems get you down, I just giving you some effective tools that can save you plenty of money and help you maintain your residence. There are no more excuses, now it’s time to take action and solve your home construction problems today.

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Obtaining New Home Construction Loans

The new home construction loan is one that allows you to receive the funding you need to build the home of your dreams. Even though you are in a sense still purchasing a home, through the building of it, the new home construction loans are different from an existing home loan.

An existing home loan will start charging you interest on the entire borrowed amount right away. This is because the home is already there and you have access to it right away. A new construction does not have those benefits, which means that the full amount will not be used in the charging of interest in the beginning.

Money is disbursed as needed and you have twelve months to complete the entire residential construction job. Interest is only charged on the money that is disbursed during that time. Depending on how much of your income you are able to prove through documentation, you may be able to finance up to ninety percent of the estimated future value of the property.

Once the construction of the house is completed, the permanent loan begins with interest being charged on the entire loan amount. Now that you understand a good bit of the outline of how it is different from a typical home loan, it is time to learn about how it all actually works.

How It Works

You only have to close one time for the construction of your new home. The financing during the construction and the permanent loan that will kick in a little later down the road is all done in one sitting. There is only one set of loan documents, which means that there is no need to worry about additional closing costs from additional signings.

You are also able to lock in your interest rate at that signing, all while having up to twelve months to complete the entire project. But how does one predict what the value of something will be before it is even built? The appraiser will ask to have information provided to him or her in regards to the following:

· The type of home that is going to be built

· The materials that are going to be used

· The cost of all of the materials

· The cost of the work, or labor

· What the land cost and what the current value of it is now

· The amount of money that will be spent on permits and planning

You also need to make sure that a lot of attention is paid to who your choice of general contractor is and what the text, or terms, of the contract for the construction states. When you get it all figured out, you would then be able to proceed with the plans. While it can be a little confusing at first, it really is not that difficult to make it through.

Newly constructed homes are worth every minute of time and effort put into them though. Just make sure that you are taking your time and getting all of the information straight and it will all be done with before you know it.

Home Construction Loan – Exactly What Does Your Bank Want?

One quick call should do it. You’ll just go to your banker and because of your great relationship, she’ll set you up with the construction loan you need to build your home. Now, where’s that “easy button”?

Okay, maybe you don’t think it will be that easy but surely it can’t be all that worrisome, right? The construction loan is a unique animal. Not many lenders are adept at it and many lenders won’t even touch it. It takes some real experience and good management for a lender to control it and make a profit.

Just What Is a Construction Loan?

The home construction loan funds your home building project. It’s viewed as a risky proposition by the lender. They are being asked to fund a promise. All loans are a promise to pay, yes, but a construction loan is a promise to pay without much collateral. There is no home there to repossess if it isn’t completed. Not something all banks are eager to participate in.

These loans can be profitable for lenders but they must reduce their risk as much as possible before they commit. It’s this risk reduction that makes them seem so picky about their qualification standards.

Here’s what you should be asking your lender before you plow ahead with your homebuilding plans. Their answers will enlighten you about their requirements.

Will they accept you as an Owner Builder or require a licensed contractor?

Be sure that your banker knows what your goal is. Are you a true owner builder? Will you be hiring a General Contractor? What is their policy on owner involvement?

Does your bank screen the contractors for approval?

Many banks and other lenders will have the last word on the builder or General Contractor you use. Others that allow Owner Builder programs will likely require a Home Building Coach. How do they approve them?

What kind of equity does the bank require you to have first?

Will your land need to be free and clear of any loans or encumbrances? Will you be required to put additional cash into the project?

Do they use a “builder’s control” system for paying bills?

How is the money disbursed throughout your home building project? Will you be in charge of the money paid out? What will the paperwork be like? How much will this cost to administer?

Will you be required to make construction loan payments?

If you do not make loan payments on your construction loan along the way, how much interest reserve will you need to include in the loan?

How many months is the construction loan term?

Home building construction loans are typically very short term loans. They range for six to 12 months on average. What is their policy if you end up needing more time?

Will the loan automatically roll over into a 30 year mortgage?

You can see from this that it’s important to start this conversation early. There are many hoops to jump through and it’s an ongoing process. You may not be able to proceed exactly the way you envisioned.

Finally, getting a loan to build your dream is just part of the reality of getting it done. My advise is to go with the flow and provide your banker with what she needs. She wants to get it done too! Just be sure to communicate well. Ask questions and understand the reasons for the requirements. It’ll make life easier for you. Even if you’re operating without that phantom “button.”

How Much Is The Cost Of Your Home Construction Project?

You don’t have to be a technical person to determine the cost of your home construction project. What you need is the knowledge to read the construction plans. And how will you do it? There are several ways to acquire the knowledge. One, browse the Web and do some research about home designs. Another, get some tutorials from construction engineers to teach you how to read them. They are easier to understand if you have the basic knowledge about measurements in inches or meters and the use of the tape measure. If you know the formulas for computing square meter, cubic meter and board feet, that would be a great help.

Similarly, you must know the kinds of direct materials and their cost that are to be used in the project. Study the kind of labor needed to accomplish every aspect of the work in terms of man-hour. Write down the manpower requirement for the project. Start from the Engineer, construction foreman, the skilled workers and helpers. Apply the prevailing cost of labor on the number of workers you need to accomplish the project. It is a must you should know the labor laws in this industry.

After identifying the two direct cost (materials and labor), try to figure out the supervision cost and indirect materials to be used to finish your home building project. After arriving at the total of the materials, labor and indirect cost, provide the contractor’s profit. It is normally between 10-25% of the direct cost depending on the duration of your home construction project. The tax is separately identified after the contractor’s profit. The final figure you will arrive at would now be your estimated construction cost.

When computing the construction cost, prepare a cost estimate sheet so that every item of work is accounted for. Each item on the cost estimate schedule is backed-up by a detailed cost estimate computation indicating the quantity or volume of the work to be accomplished, the unit cost, plus the contractor’s profit and taxes and its total value.. If you are not yet comfortable with your cost estimate covering your home designs, seek the services of a cost engineer to compare your costing.

This construction cost estimate would serve as your guide in conducting the bidding for the home construction project in selecting the contractor to do the work. This will also serve as the guiding figure in monitoring your budget for the project in the implementation of your home designs.

Why Are Low Levels of New Home Construction a Big Deal?

The Commerce Department just released reports that new home construction fell to an 8-month low in June. New construction has decreased by 5 percent and now stands at the lowest level since October of 2009. The sector contraction was caused by a decrease of.7 percent in the construction of single-family homes as well as a 20 percent drop in condominium and apartment construction. Industry insiders expect the industry to stay fairly level until foreclosure rates subside.

Per predictions, the economy is being dealt another blow as a new wave of foreclosure activity is occurring. At this point, the country is on point to experience over 1,000,000 foreclosures in 2010. As that occurs, the market will be negatively impacted by the surplus of inventory, all at bargain basement prices.

Foreclosed homes that are real estate owned (REO) are generally sold at substantial discounts, as financial institutions want to move them off their books. Short sales often offer a substantial discount to consumers as desperate homeowners trying to avoid foreclosure work with their bank and convince them to take less money than actually owed on the property. The influx of those types of properties will further discourage homebuilders from investing in and kicking off any new home construction process and can further drag down the economy.

According to the National Association of Home Builders, home construction is essential to the overall well-being of the economy. Their estimates conclude that each new home construction project generates three jobs (for a yea) and approximately $90,000 in local and federal taxes paid.

If you are in the financial position to buy a home, now is the time to do it. Not only could you benefit from securing the lowest mortgage rates ever, you will also be able to get great housing bargains. Plus, your move can help thin out the surplus of available housing and help the home construction get back on track.

One Clean Sweep Home Construction Dumpster Rental

The home construction process involves a large amount of materials and employees who are often working on a tight schedule. It is no surprise then that at the end of most projects the site is quite messy and full of debris with extra materials and dirt needing to be picked up. Home construction dumpster rental can do the job for you. Before the building can be considered complete the site must be cleared of all construction materials and the home and property must be cleaned from top to bottom of all construction mess. This work is typically performed by a construction cleaning crew. Large companies may have one of these teams on staff, or they may subcontract the work out to specialty cleaning companies, but construction dumpster rental can make any cleanup job easy.

Ever watch the television show Clean Sweep and wish that cleaning your home construction project could be so easy? Renting a dumpster for a remodeling projects and for removing construction materials is the answer. Removing debris is going to be much bigger than you thought. Renting a personal dumpster is the perfect way to haul away those discarded materials off your property. Even better the professionals have made the entire rental process incredibly convenient and they provide low rates that allow cleanup to be affordable and easy.

Steps include: 1. Determine what size dumpster you need. Do you need a full sized or a small dumpster. Consider the amount of trash that will need to be removed by the completion of the project. 2. Determine if you need a commercial or residential rental. A commercial rental may be needed if your contractor is doing a huge renovation and is removing bricks and wood etc. Online catalogs provide all the answers you’ll need for selecting the correct size and style. If you live in the Washington DC area you can call for a Maryland dumpster rental; you can also go online and place an order or call. A quick removal of the full dumpster is available. Your construction process can be made easier with a dumpster rental.

Tips For Green Home Construction

A well-designed green home construction requires consideration of several factors, which must be incorporated in the initial structuring stages. Using eco-friendly raw materials is an important management measure in the construction of green homes. This could include using high fly ash content cement instead of normal cement. Wood salvaged from old buildings and reengineered wood can be used in constructing a green home. It is best to incorporate the green features during the construction phase. Installation of a drip irrigation system instead of a sprinkler system is one such measure. Investing in a rainwater harvesting system is yet another step toward going Green. Pathways, drive ways should be made of permeable paving so that rainwater can seep through the soil.

Using Forest Stewardship Council (SFC) certified wood for all wooden fittings in the house is favorable to a green house construction. Even employing no/low formaldehyde based paints for the interiors of the house helps in creating healthier living conditions. Harnessing the power of the sun by fitting solar heaters and photovoltaic cells helps reduce electricity consumption and lower bills. Greater reflectivity of light colored roofs as against dark colored helps in reducing heat buildup in the house. Also, they last longer because since the heat absorbed is less, they do not expand thermally as much as dark colored roofs.

Green Home Construction holistically handles both fixed as well as movable items in a house. It is best to use recycled wood furniture for the house interiors. Various companies advertise recycled plastic furniture for the garden. A green initiative gaining popularity is using cork or bamboo flooring instead of the usual hardwood flooring. Avoid using vinyl linoleum, natural linoleum is a better choice. Make sure that the ducting in the house is leak proof. Ducting leaks cause over 10% of energy losses in a house. Fitting flow reducers to faucets and shower heads and low volume flushes helps reduce 40% consumption of water without anybody noticing the difference. Use on insulation which does not contain formaldehyde helps prevent sickness. Cellulose insulation made out of recycled paper is one such good material for wall insulation.

In a green home construction, effective use is made of low emissive double paned windows. Double paned windows not only provide more insulation but also help make the house quieter. The frames of windows should be made of wood as these provide more insulation. The piping of the house should have a jacket to reduce loss of heat. Use these tips to make your home truly green.

Precautionary Factors to Remember in Home Construction

Building or constructing a house calls on all your abilities and skills in planning, budgeting and executing the task in hand. Although you may not be physically involved in the actual building up, as the home owner you have the responsibility of building a safe, secure and healthy home with all the factors considered.

There are several areas in home construction that need attention from the roof to the flooring literally and everything in between. A building contractor or expert can provide advice on the basic necessities that include all matters concerning:

• Building engineering like rooftop, walls, ceilings, floors etc.
• Plumbing
• Electrical works
• Heating, cooling and ventilation
• Woodwork
• Masonry
• Water proofing
• Damage proofing or earthquake proofing

These form the basic concepts of home construction; it makes a world of difference getting them right the first time because constant corrections, repairs, renovations and alterations can weaken the structure of a house rendering it unsafe and unworthy.

Apart from the concept of a solid home construction, there are many precautions that are useful to consider that will ultimately provide healthy living. Some of the important factors that go into a ‘precaution list’ as far as a home is concerned are:

1. Building in a clean location – Choosing the right site for building a home is top priority. A home should be built in a clean area where the air is of good quality and the vicinity is free from pollution.

2. Doing soil testing for strength and presence of pests is very essential. Every home needs a prior anti-pest treatment to prevent insects and pests from invading living spaces.

3. Remembering basic elements of physics – The shape of a house matters a great deal in construction; unnecessary nooks, corners and angles are not only a hindrance but also negatives as far as energy efficiency is concerned.

4. Giving adequate attention to structural elements – Proper laying of foundations and concrete in roofing and flooring and giving it adequate time to harden and strengthen are very essential to prevent cracks, seepage and other harmful effects.

5. Installing proper plumbing and adequate drainage – Pipelines and sewer lines must be given a lot of planning to prevent backflows and flooding. Access to pipelines must be easy to get hold of to carry out repairs and maintenance if necessary.

6. Controlling infiltration – A proper mechanical ventilation system minimizes the extent of uncontrolled infiltration serving to improve the quality of indoor air and prevent exposure to outdoor chemicals and toxins. Using multiple approaches like heat recovery ventilation, central exhaust and other fresh air circulatory approaches have advantages.

7. Use of solid wood or metal for fittings – Readymade bathroom and kitchen cabinets are made of wood and wood products and coated with glues and substances that have high formaldehyde content. Wooden or metal cabinets and fixtures that are custom made provide better and safer alternatives.

8. Using water based adhesives and paints – Water based paints and products tend to have much lower levels of VOCs (volatile organic chemicals). Besides VOCs there are other contents and ingredients used in paints that can cause health problems. Adequate ventilation is very essential for painting jobs for a completely dry effect and for coats to last long without peeling and caking.

9. Testing sensitivity tolerance to materials and chemicals – Upholstery, carpeting and drapes can sometimes cause allergies and reactions in people with very sensitive dispositions; wall, floor and wood coverings should be chosen suitably keeping these factors in mind.

10. Avoiding floor carpeting unless absolutely necessary – Carpeting is one of the ways in which allergens and pollutants flood a home; the microbes, mites, dander and dust that accumulate under heavy carpeting is almost impossible to clean. Shampooing and washing off with strong chemicals add to the problem.

11. Ensuring that the house remains dry in all weather conditions to prevent mold, fungi and other moisture carrying content from damaging interiors and exterior of the home.

The Process of New Home Construction

Simply put, new home construction is the process of building multi- and single family residential homes, large-scale residential developments, or townhouses. This process is often undertaken by developers or investors who build these homes and then will sell them for a profit. When the process starts new home construction starts with designing and planning. Engineers and architects will draw up the building plans for the project based on the specifications of the investor. If an individual has bought a lot in the subdivision then they will draw up a building plan for the homeowners home too. Before they will build one or two houses to be used for open house and to give a prospective home buyer an idea of what the homes will look like, the contractor working on the project will use this time to develop estimates. These estimates will held the investors to finalize the budget of the project. Once the designs are complete the plays will usually be submitted to the local government. This is done to obtain building permits for the project.

Once they have the building permits the contractor can start the earthwork on the site. This will including any grading that needs to be done to create an even level foundation for the new home construction. During this part of the process the earth is removed or added as needed. All underground piping is also installed. If there is going to be a crawl space or basement it will also be added at this time. Once all the earthwork has been done the next step is to start framing the houses using steel or wood studs. The builders will create walls, roof framing, and floors at this stage. They may also install windows and exterior doors. Once the building of the house has been completed it is time to put the roof on to create a structure that is watertight. To give the house a finished look they may install brick or exterior siding.

Once the framing work and exterior work is done it is time to start on the interior work. Electrical and mechanical contractors will run the plumbing pipes and wiring throughout the ceiling and walls. The heating and cooling systems are installed and tested, molding and interior doors are put in place and then the drywall is hung. Next the fixtures and hardware are added and the walls are painted. The new home construction is finished and ready for an inspection by the local authority to make sure that the home meets safety and local building codes. An occupancy permit is issued so the family can move in.

Home Construction Easy Cleanup – Avoid Injuries

Every construction project involves a heap of trash and rubble. Waste and materials lying around during your project doesn’t have to be a concern; this safety issue can be handled efficiently. You can enjoy order and cleanliness during a home construction project through the use of a home construction dumpster rental cleanup. No longer do you need to struggle with the thought of what to do next to keep everything neat and tidy during the home construction process. Avoid injuries by picking up the waste and placing it in a dumpster. Excellence and beautification does not have to look like demolition and destruction during the process. Excellence in every construction process is achievable only through the use of proper trash removal from the home and premises. Home construction easy cleanup is here for you through the assistance of a dumpster rental.

With a construction dumpster you can expect the best possible service in a courteous, efficient and cost effective manner. A home construction easy cleanup dumpster rental is available to service your home dumping needs. There is no need to separate trash or break it down for city pickup; on dumpster will take it all. The next day dumpster delivery option provides service the next day after the order is placed; the dumpster will be delivered to your location and a dumpster will be placed there to take care of the unwanted materials, rubbish, and junk while you are working on your home construction project. Bathroom renovations, kitchen makeovers, total house renovations can all receive the trash removal services needed with a dumpster rental.

Call on a local easy cleanup dumpster rental that you can trust. Keep your home as neat and clean as possible with the use of a home construction easy cleanup dumpster rental. Your home can look its best during the process not just after. Safety is best handled by placing all waste in a dumpster. Avoid unnecessary situations that require medical care by removing nails, wood, cabinets, bathroom fixtures from the home with a dumpster.