Best House Floor Plans

Financing the cost to build a new house floor plan requires special financing, referred to as a construction loan. Far more stringent than the conventional home mortgage, the construction loan finances the labor, equipment and building materials to architect a house floor plan.  The proceeding shortlist includes rudimentary facts and requirements pertaining to the construction loan:

When it comes to building a new house floor plan, or customizing a building project, landowners and homeowners have two financing alternatives: the one-time closing loan and a construction-only loan.  The one time closing loan finances both the build and the home loan–whereas the construction loan is for architecting the house plan.

With the one-time closing loan or the “all-in-one construction loan,” it  eliminates the extra step  process of shopping around for a mortgage or home loan. Most borrowers opt for the one time construction loan to have one closing, ultimately reducing closing costs. Prior to opting for the one-time closing loan, make sure that the lender will not require interest payments while the home is under construction.

To calculate the cost of building a new house floor plan, House Plans and More.com has an easy to use House Design Estimating software, click on house plan estimation to calculate the cost of a construction loan and review the download details. 

Upon the house floor plan’s completion, the construction loan transitions into a long-term home loan.

In general, construction loans range in duration from six months to a year, requiring a “draw schedule.” The draw schedule acts as an outline of when specific tasks are to be completed, and the corroborating terms of releasing funds to the builder.

A construction-only loan is a two part financing process. The first closing begins with the construction. A second closing is necessary to refinance the construction loan, transitioning the mortgage into a permanent home loan.

Review other home buying tips.

Although the one-time closing loan saves on closing fees, it inhibits the borrower from shopping around for a home mortgage with a lower interest rate.

On the contrary, the construction loan tends to incur upfront costs, offering more flexibility and an opportunity to recuperate the savings over the mortgage loan.

Read more about obtaining a construction loan to build a new house plan.

Review what a floor plan is and what do know before you select your house floor plans…

In this installment of Best House Floor Plans, we’re talking basics. So, we are backtracking to the fundamentals of what defines a floor plan. Below are ten concepts to understand about floor plans:

A floor plan includes…
the interior and exterior designs schematics of a home.

Floor plans are developed by…
architects and home designers. Draftsmen can render modifications; however because copyright laws are applicable to floor plans, owners are required to purchase house plans.

Stock floor plans…
are less expensive than hiring a home designer or architect to customize a brand new floor plan.

Selecting the floor plan is…
the first part of building a new home.

Various companies offer home floor plan…
customization services. For a fixed price, they can take a stock floor plan and tweak it to the homeowner’s specifications.

Before deciding on a customized or stock floor plan…
be sure to check with your area’s local building codes, copyright laws as well as any other requirements. For instance, prior to homebuilding approval, certain municipalities mandate the review and approval of any house floor plan.

Redlining is a…
house floor plan term that means to amend the blueprints. To illustrate any modifications, homebuilders used to take a red pen to the floor plan. Today, red-lining is considered an affordable means of making changes to the house plans. But, again make sure the changes are within your town’s building codes.

Most designers recommend…
floor plans that merge comfort, contrast and texture.

When it comes to hiring a specialist to modify your house plans, select a local draftsman. The reason is that a professional from your area will know the building codes, hence incorporating municipal guidelines with your design specifications.

Here are some great articles on floor plans and finding the right one for you from House Plans and More:

• Floor Plans For Your Families Needs
• Open Floor Plans
• What’s the Right Plan for You?
• Why Buy Stock Plans?

Check out what everyone should consider before planning a green house.

Greenhouses are the latest trend in going green and maintaining the eco consciousness.
While many of us may have a green thumb itch to start a green house, there’s a bevy of questions to consider. So, before you spring into greenhouse floor planning mode, here are a few matters to weigh:

• Purpose/objective of the green house
• Green house Zoning/Permit Issues
• Greenhouse Budget
• Climate appropriateness
• The Magnitude/Size
• Green house style

Purpose/objective of the green house
How do you plant to use your greenhouse? Are you planning to use it to prepare for spring (i.e. extending the growing season or start seedlings)? Then a cold frame greenhouse or collapsible one is suitable. Will the green house be used to grow vegetables during the winter month? For obvious reasons, like budget and size, how you plan to use your green house influences the floor plan.

Green House Zoning/Permit Issues
Before you invest a moment into your green house floor planning, check with your local municipality’s by-laws to determine if there are any restrictions. Also, find out if you will need a building permit and how much it may cost you.

Budget
Given any permit fees and your budget, your greenhouse floor planning begins. Since most financial situations are subjective, there are a number of considerations: 1) Is your climate conducive for cultivation in the winter? 2) Do you plan to use the greenhouse for self- sufficiency, as in a vegetable garden? 4) For the next several years, can you afford the time, cost and maintenance of a greenhouse investment?

Based on your budget and utilization, the green house could be quite cost effective.

Climate appropriateness
To save a lot of time and heartache, conduct a little research about your climate’s capacity to harvest vegetation during the winter months in your region. Also, be sure to investigate the best place to position your green house. This depends on what types of botanicals you are growing and where the sun is during the winter months.

Magnitude
If you plan to grow flowers, herbs and vegetables, you’ll need a sizable space to accommodate all that cultivation. To map out the green house floor plan, measure one of your rooms, and sketch out a blueprint of the greenhouse floor plan. Remember certain fruits, in example tomatoes, need more headroom or height for growth.

Style
The style of your green house has a wealth of components. Here are a few concepts to explore:

• The exterior design
• Material for the structure green house
• Windows
• Insulation

Well, that’s it for this week’s installment of Best House Floor Plans. Although, we touched upon a few ideas about green house floor planning, we barely covered the surface.

In the meantime, for more in depth greenhouse information, check out Greenhouses.com.