Building a Balance: Construction Costs For Single-Family Home
Construction Costs for Single-Family Unit 2004 Final National Results September 15, 2005 Average: 2,800 square feet I.  Sale Price Breakdown Average % of Total 1. Finished Lot Cost (including financing cost) $97,029 26.0% 2. Total Construction Cost $192,846 51.7% 3. Financing Cost $6,773 1.8% 4. Overhead and General Expenses $21,469 5.8% 5. Marketing Cost $7,067 1.9% 6. Sales Commission $11,258 3.0% 7. Profit $36,629 9.8% 8. Total Sales Price $373,349 100.0% II.  Lot Cost Average % of Lot Cost A. Raw Lot Cost $48,769 50.3% B. Development ...
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Financing Your Remodeling Project
One of the most important considerations for your home improvement project is financing. After all, the project will go nowhere if you can't pay for it. Fortunately, there are several options that can provide the dollars you need. Four of the most common are a home improvement loan, a home equity ...
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Mortgage Basis
A mortgage is a long-term loan that uses real estate as collateral. A mortgage loan is commonly used for buying a home. Mortgage loans are usually fully amortizing, which means that the monthly principal and interest payment will pay off the loan in the number of payments stipulated on the ...
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Pre-Settlement Walk Through Check List
You're getting ready to close on your first new home purchase and all that stands in the way of your homeownership is the pre-settlement walk through. While your excitement is understandable, the home is yours once your close on your loan, so be sure your expectations and the sales contract ...
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Pre-Settlement Walk Through Tips
Before you go to settlement on a new home, you and your builder will "walk through" the house to conduct a final inspection. The walk-through provides an opportunity for you to learn how your new home works and to spot items that need to be corrected or adjusted. Often, a builder ...
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Home Buyer's Dictionary
ARM? GPM? PITI? You'd have to be a cryptologist to figure out some of the terms buyers encounter during the home buying process.  Doing research on how to buy a house before beginning the process can greatly improve your experience and prepare you for the exciting course ahead. And with ...
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Payback Time
Finding a Loan that's Right for You Down PaymentsMost mortgages require a cash down payment that gives you equity in the home and somewhat protects the lender if you are unable to repay the loan. Loans with down payments of less than 20% of the purchase price may carry a slightly ...
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Suddenly Single
Mortgages and Home Ownership Following Divorce Women have their own set of problems when it comes to buying a home and applying for a mortgage, especially when it relates to the financial issues associated with overcoming divorce. It can be tough getting a mortgage after divorcing...particularly since divorces can be messy. ...
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