Design-led product innovation

While construction materials such as
timber and steel have been around for
many years, the secret ingredient to
highly energy efficient buildings is the
performance and quality of the insulation.
As Local Homes’ Director of Project
Development pointed out:
“The innovation today lies in the
combination of the materials – that’s
what’s changed”.
Taking inspiration from high performing
timber panel systems used in Norway,
LoCaL Homes began by researching,
importing and testing houses from
overseas to see what design lessons
could be learned for of its own homes.
As the Head of Manufacturing pointed
out:
“we sought to maintain the same
superstructure, whilst adapting the
design to suit the British market”.
LoCal Homes’ two flagship wall
products, the Eco 200 and ECO 100
series, have been designed to precise
tolerances and are extremely thermally
efficient, with ultra-low u-values
1
.
The products can be produced with a
range of external cladding options,
which offer architectural flexibility
and enable customers to select their
own preferred exterior finish without
sacrificing high performance.
Additionally, by using the Autodesk Revit
programme, LoCaL Homes applies tight
controls to maximise thermal building
performance, deliver high quality
workmanship and ensure reduced
waste. Taking this to the next level,
LoCal Homes’ Head of Manufacturing
commented that
“we sought to maintain
the same superstructure, whilst adapting
the design to suit the British market”.
The foundations for future growth
As LoCal Homes’ capacity increases,
the manufacturer is expanding;
working increasingly with other
housing associations, local authorities,
developers and contractors with an
ambition to deliver low carbon housing
schemes across the UK and beyond.
To support its expansion plans, LoCal
Homes has drawn up a warranty-backed
franchise agreement, meaning that its
business model, brand and reputation
can be replicated more widely across
the UK.

Is the American Dream of Owning a Home DEAD?

With the housing crisis…and the startling amount of foreclosures (over 1,500,000 homes have been foreclosed on in the US….and that is not even half of the homes predicted to be repossessed in the next two years).

We find ourselves wondering…will the American dream of home and white picket fence ever be the same? Has it truly…died?

At first glance, it seems to be on its last breath.

Home sales have gone down by 25% since 2008. Housing markets have tanked. The average price of a home has fallen by 29%. Cities like Las Vegas and Phoenix have seen home values drop by 50% in three years.

As a result, the average American family is a lot poorer than it was back in 2008. Though there are still options to get a loan after short sale and buy a house after foreclosure, people just aren’t going after those loans because they don’t know all of their options.

So can you still buy a house after foreclosure?

Is the American dream dead? I believe that is is not.

The dream of owning a home, of being able to buy a house after foreclosure still exists.

In fact, buying right now can be a really smart thing to do. It’s a great investment.

First of all, you save money by not paying rent. On average, a mortgage payment is about 6 percent less than rental costs…and, eventually, you don’t even have to pay them (once the house is paid off).

And if you can hang on to the house through thick and thin…it will be an untouchable investment. That’s something you will never get with a stock or a bond. If your stock plummets, you never get that money back. If your local real estate market plummets, you can still own a home.

Secondly, if your house appreciates in value, you can sell it and make a tidy profit. Not only that, you don’t even have to pay taxes on that income as long as it is your primary home!

Interest rates are also tax deductible and lower than they have been in years! Especially if you get an FHA-insured loan at 3.5%. Home Loan Academy employs a few FHA experts, so we can help get that process started for you if you’re interested.

Thirdly…it’s cheaper than it will ever be in your life time! About 30-50 percent cheaper depending on where you live.

And because Obama is doing so much to help owners, you can utilize an eight thousand dollar first time buyer credit (which you can use even if you are not technically a first time buyer) and get down payment assistance.

read a good article about down payment assistance here:

 

Here is a NY Times sample of some of the math behind home ownership:

Four years ago, the monthly payment on a $300,000 house with 20 percent down and a mortgage rate of about 6.6 percent was $1,533. Today that $300,000 house would sell for $213,000 and a 30-year fixed-rate mortgage with 20 percent down would carry a rate of about 4.2 percent and a monthly payment of $833. In addition, the down payment would be $42,600 instead of $60,000.

Building Your Own Custom Home – Main Steps In a Nutshell

Building your own home is a very long process and asking even an experienced expert how long does it take to complete a custom home project, he will surely tell you that it depends on a lot of things. A time frame for building your own home can stretch from one year to four years. This doesn’t sound very optimistic, does it?

When considering building your own home, you surely know that this is one of the greatest decisions you could have ever taken in your life, perhaps the biggest project that requires a lot of your time, your patience, nerves, and especially a lot of financing. So building your own home, as enthusiastic you may be about the idea and eager to finalize the project as soon as possible, must be wisely done, professionally and so that, after a while, you will realize that time is one of the biggest investments you could have ever done, as your house is very well structured and safely build. A job well done spares you from other additional costs for repairs and renovation in a time shorter than expected.

Anyway, the very main steps to when building your own home are as follows:

– Land acquisition: it depends a lot on the availability of the land you wish to purchase; this process may take a lot more than expected, as it is hard to find availability of land in the area you desire; you should start searching for the piece of land with a few months before starting building the house
– Home design and approval process: this step depends a lot on your financing considerations and on the local government; attribute at least four months to this stage
– Construction: you can get a loan for this and need to respect the term given. For example, most lenders provide a 12-month construction loans; it also depends on the size of the house to be built
– Landscaping and moving in: after the house construction project is finalized, you can start landscaping; you may be required to start landscaping within a year of completion, depending on the neighborhood

When building your own custom home, the main thing is to be flexible and work efficiently so as to enjoy the home you dreamed about so much.