Construction Loans for Custom Residential Properties

       
         

  |4Contact Us |4About Us | 4Disclosures | 4Privacy | 4Media Kit | 4Site Map | 4Blog

       

  

Construction Loans Home Page

Construction Loans

Remodeling Loans

Lot Loans

Equity Based Construction Loans

Spec Construction Loans

Questions? Contact Us.

Application Page

Contact Us

Rates and Fees

Construction Loans Documentation

Mortgage Calculator

Frequently Asked Questions

How Much Are You Qualified For?

House Plans and Architects

Contractors

Suppliers


Home Equity Line of Credit


Newspaper Articles about Construction Loans


 

  Chicago Tribune Article on Pre-Construction

 

[1] [2] [3] [4] [5] [6]

<< continued from previous page

 

Builders Start to Rethink the Design of the American Home
Chicago Tribune
October, 2003
By Barbara Ballinger Buchholz, Chicago Tribune

   Some changes will take longer. The typical American home still has a choice of formal and informal living and dining spaces and three or four bedrooms, even though entertaining has become more casual and families are smaller.     Household size has declined 20 percent over the same 30 years, and the No. 1 buyer of new homes, a husband and wife, may no longer have children. Right up there are single men and women, whose homeownership has increased to between 12 percent and 14 percent from 3 percent and 4 percent 25 years ago.
  
So, why hasn’t the design of houses kept pace with the changing family composition and way of living? For multiple reasons:
  
Keeping up the trend of smaller families buying bigger homes reflects a lifestyle decision rather than one based on common sense or economics, Ahluwalia says. Builders say consumers drive this ecision.
   “
We’re the suppliers. Our consumers still want bigger since they’re in the mainstream of their earning power and raising children,” says Roger Mankedick, executive vice president of Concord Homes Inc. in Palatine.           Letting investment and resale dictate. For most of us, houses remain our biggest investment and if we opt for anything too idiosyncratic, we hurt our chances to sell, says Clifford Clark, professor of History and American Studies at Carleton College in Northfield, Minn.
  
If you are applying for a loan for your construction project, remember that both the lender and the appraiser are concerned with the functional utility of the project.-Webmaster’s Note.
  
This is intensified by a transient society. “Homeowners are fearful of building a house tailored to the way they live because they move so frequently. Instead, houses get built for a mythical client,” says Charles Miller, special issues editor of Fine Homebuilding magazine.
  
Builders agree. “Even if you don’t want a big house or traditional living room, the next buyer may. Buyers purchase with a fear of selling,” says Ed Fitch, executive vice president of community planning and marketing at Town &Country Homes in Lombard.

continued on next page >>
[1] [2] [3] [4] [5] [6]


  Questions?  Call us Toll Free or Send an Email, with any questions or concerns that you may have. Visit Our State Specific Contact Page, where you can find our phone numbers to call us, contact us by email or complete our short, secure application form.
 



   New FAQ Blog
  
An extensive blog of frequently asked questions dedicated to the entire process of building your own custom residential property, from the time you start looking for a lot to the time when you choose from the verity of construction loans available to obtaining the completion certificate.
Go to:
Construction Loans FAQ

 

 

More Information   ABOUT

  No Doc Construction Loans

  We offer a whole range of no income documentation construction loans. Programs include stated income, limited doc, no doc and no income. Our consultants will help you pick the right one for you.

  Mortgage Calculator
  Extensive mortgage calculator set offered in this site.


NEED
A CONTRACTOR?

Find a Pre Screened Contractor Here


 
Construction Loan Calculation.

How to do a construction loan budget.
The first critical steps that will help you determine the construction loan amount.

 


[ Home | Site Map | Construction | Remodeling |Lot Loans | Equity Based | Spec Loans | Application | Contact Us | Documentation ]
[ Mortgage Calculator |
Rates & Fees | Let 'em Know | Let Us Know | F.A.Q. | | Resources | Prime Construction Loan | About Us ]
[
Privacy Policy | Disclosures ] [ Contact Us | Home Plans | Media Kit | Home Equity Line | Lead Partners ]

© 1999-2006, Construction Loans Center a Xemor, Inc. Company. All Rights Reserved.