Buying, selling, financing, and furnishing your new home is a fun and exciting challenge. Look at the articles, columns, blog posts, radio shows and videos for advice on new construction home building. With these helpful home construction tips, building a new home is a whole lot easier.
Poor Seller Disclosure May Result In Breach Of Contract
What happens if you buy a home and the contract states one thing but the house does not match that requirement? Under seller disclosure is the seller liable for fixing the discrepancy? In this case, a home buyer believes that his new home lacks insulation which was described in the contract. Before suing the seller, a developer, the home buyer should make sure that his suspicions of lack of insulation are correct by hiring a contractor.
Renovate Or Tear Down: When Shouldn’t A House be Saved?
In neighborhoods all across America we are seeing old homes being torn down and replaced with new construction. Lane Epstein, an architect and vice president of Baker Construction Group, shares how to decide if an older home is appropriate for renovation or tear down.
Mold Problem In New Home
Home buyers purchased a new construction home that had extensive mold problems. They've decided to sell the home "as is" and want to know if they can take a capital loss on the home because of the mold problems. Unless the home was a real estate investment, the loss due to the mold is not deductible.
Today’s Show On Newstalk 750 WSB
On today's show, we'll take a look at some of the new scams that popped up this week, and follow up on some issues relating to Identity Theft. I'm con...
Loans Financing New Construction
There are several loans you can get to finance new construction. The loans you can get to finance your new construction include a construction loan and equity from an existing home. However, you must make sure you can make the payments on the loans financing your new construction, especially if you are planning to keep the current home you're living in. Without the sale of that home, you may not be able to afford loans that finance the new construction home you are building.
Hire Home Inspector For Newly Built Home
A home buyer is about to close on a new construction home and a self-inspection brought up a few issues of concern. Hiring a professional home inspector will ensure any major problems are identified before the close. A home inspector should be able to make sure everything is working correctly in the house, so the buyer's new home doesn't have a lot of new problems.
Zoning Revisions May Change Builder’s Interest In Property
It's important to know how your land is zoned when you want to sell it. A land's zoning affects what can be built on the property as well as the price that the seller can get. To find out your zoning, you need to contact your municipality.
Tax Implications Of Flipping Real Estate Before Construction
This reader is hoping to flip a property before it is constructed but is concerned about the tax implications. Ilyce explains if you make a profit by selling something that you own, even if it's real estate that gets flipped before construction is complete, you have a taxable gain. Just what kind of tax gain you would get flipping pre-construction real estate, hinges on the question of what it is that you bought and when you are considered to have made the purchase under tax law.