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Friday, September 26, 2008
Monday, September 22, 2008
Friday, September 19, 2008
OIL OR PROPANE HEAT?
Fuel oil can generate approximately 130,000 BTU's while propane is approximately 95,000 BTU's. However, most oil boilers average about 85% efficiency at best while the gas boilers can produce an efficiency of 95% or more.
Using this data come up with the cost per BTU for both types of fuel. Find out what the cost per gallon is for oil and propane in your area and based on the assumptions above you can better determine the best cost for your dollar.
FUEL OIL: 130,000 BTU * 85% / $2.69 = 41,078 BTU's per dollar (Example cost)
PROPANE: 95,000 BTU * 95% / $1.93 = 46,762 BTU's per dollar (Example cost)
(Thank you Todd Fratzel, P.E. for this information.)
Using this data come up with the cost per BTU for both types of fuel. Find out what the cost per gallon is for oil and propane in your area and based on the assumptions above you can better determine the best cost for your dollar.
FUEL OIL: 130,000 BTU * 85% / $2.69 = 41,078 BTU's per dollar (Example cost)
PROPANE: 95,000 BTU * 95% / $1.93 = 46,762 BTU's per dollar (Example cost)
(Thank you Todd Fratzel, P.E. for this information.)
Friday, September 12, 2008
SHOULD I FINISH MY BASEMENT, ATTIC OR BUILDING ADDTION?
Realtor Magazine’s December 2006 Remodeling Cost vs. Value Report reflects a family room addition costing $78,689, with 71.2% cost recouped at resale; an attic conversion costs $47,494, with 72.7% recouped; a basement conversion costs $60,879, with 73.6% recouped at resale. Depending on the footprint of your home, you usually gain the most useable space by finishing your basement, and at the highest percentage of recouping the money you’ve spent to finish it.
Wednesday, September 10, 2008
FANNIE MAE AND FREDDI MAC TAKEOVER.
What are your thoughts? Are you presently involved in a home loan? What will happen with your loan?
Wednesday, September 3, 2008
HOW DO YOU DEAL WITH PRICE INCREASE?
As a business owner I look at a price increase as part of a business decision to stay viable and competitive in today's market. As a consumer I make a decision to buy a product comparing quality and service.
Monday, August 25, 2008
TIP ON CONSTRUCTION LOAN FOR LOG HOMES
We used our local bank to finance our home. During our process we found out that the bank would not send a check to the log home manufacturer until it was delivered. Of course the log home manufacturer would not start shipment until they received the check. This was a problem. Make sure you ask the right questions about your log home construction loan. It will save you time, headaches and money.
Wednesday, August 20, 2008
YOU NEGOTIATE YOUR LOAN.
When getting ready to visit a lender regarding your loan, consider the terms and conditions of the construction loans available before you choose. After you present your case to a lender, talk through their terms using this checklist. If you are considered a good candidate, the lender will negotiate any or all of the terms.
1.Origination Fee -
2.Loan Rate -
3.Down Payment Required -
4.All-in-one Loan -
5.Interest Rate Locks -
6.Title Insurance and Other Fees -
7.Draw Procedures -
8.Uninstalled Item Draws -
9.Cost for Inspections -
10.Title Update Fees -
11.Category Shifting -
12.Insurance Cost -
13.Time Limit -
14.Cost of Extension -
15.Additional Amounts -
16.Disputes -
1.Origination Fee -
2.Loan Rate -
3.Down Payment Required -
4.All-in-one Loan -
5.Interest Rate Locks -
6.Title Insurance and Other Fees -
7.Draw Procedures -
8.Uninstalled Item Draws -
9.Cost for Inspections -
10.Title Update Fees -
11.Category Shifting -
12.Insurance Cost -
13.Time Limit -
14.Cost of Extension -
15.Additional Amounts -
16.Disputes -
Saturday, August 16, 2008
GETTING STARTED.
"I don't even know how to get started!"
Making that choice to get started begins with knowing what you can afford to build. Here are other points you should consider that will help you determine what you should build.
(1) Does the area where you would like to build have any restrictions as to the size and type of building permitted. (Work with a REALTOR who can answer this issue)
(2) Is the land conducive to the type of home you would like to build. Such as, do you want a walkout basement? ( Talk to a contractor in your area or give us a call)
(3) Will the Log Home you want to build appraise for the amount you are looking to borrow? (The best way is to seek out the advise of a REALTOR who could provide you a Cost Market Analysis (CMA)
PLEASE SHARE YOUR EXPERIENCE AND INFORMATION
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