Common New Construction Appraisal Problems and How to Handle Them
Most lenders financing new construction require an appraisal to determine your project’s value....
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BFI Blog
Spec Homes and Pre-Sale Homes: Relative Benefits for a Spec Builder
In the world of new home construction, there are important differences between home types, and knowing those differences (and what they entail) is important when traversing new home building territory. Understanding the difference between spec homes and p...
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Construction Loan Terminology: What It Means and Why It's Important
If you’re thinking of applying for a construction loan, there is a lot to consider, and while doing your research, you may run into some unfamiliar terms. Below is an explanation of some construction loan terminology you’re likely to come across in the wo...
Common New Construction Appraisal Problems and How to Handle Them
Most lenders financing new construction require an appraisal to determine your project’s value. Unlike appraisals for existing structures, a new construction appraisal is essentially a third-party valuation of what will be built. Appraisals are a critical...
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Mold Prevention Tips & Best Practices
Mold is a fungus that produces spores which are spread by floating around in the air. It is present in indoor environments, thriving in areas that are moist and warm. When a spore lands on a damp spot, it begins to grow, and can grow on a variety of surfa...
Tenant Retention Best Practices
When you build a property that is designed for renters, whether it’s a multi-unit apartment or a single-family home, tenant retention is a big consideration. Especially if the tenants are good tenants who properly care for the property and pay their rent ...
How to Be Successful in Residential Building
Residential building can be a lucrative business if you know what you are doing. There are the different types of builds to consider with custom, semi-custom and production building as options. Do you want to build single homes or developments or apartmen...
Types of Insulation Used in Residential Building
Insulation is an important piece of every building and residential property constructed. It keeps buildings warm during cold months and cool during warm months and is a key part of how energy efficient a building or home is. There are a variety of types o...
Green Building Certifications to Seek
Construction is rapidly making adjustments to be more eco-friendly, leading to the development of green building certifications. These certifications give customers an idea of how their home reduces their carbon footprint and decreases environmental impac...
Design Elements to Keep on Hand
Often, when people think of construction, they think of the building process. But there’s also design elements in construction, especially with new builds and renovations. It’s not just about the structure, but how the home will look. In another article, ...
Structural Materials to Keep On Hand
As someone who runs a construction business, or someone who is looking to break into the construction business, you may decide to keep certain materials on hand on a regular basis. Structural materials are essential for any build. Keeping some on hand is ...
Smart Building Skills to Learn and Employ
Technology is integrated into everything we do today. In the construction industry, signs of having people employed who have technical acumen are emerging. From smart cities and smart buildings down to smart homes and green buildings, humans are learning ...
Pros and Cons of Using a Model Home as Office Space
Almost every new development that is build has a model home on-site. The purpose of the model home is simple, it allows the prospective buyer to visualize their home before purchasing a lot. It’s like a test drive for a car, they can check out the home an...
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