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A summer building project is providing a first home for a young Antigo couple and teaching a new mix of skills to local volunteers.
Steve Huff's 72,000-square-foot home isn't only impressive for its size -- it's being built to last thousands of years.
Hard-core building owners are testing materials and technology that could change home building for the rest of us.
Recent articles look at the issue some home builders of energy-efficicient, net-zero home's face. As an ICF manufacturer working directly with home builders we've seen this issue before. The good news is that more education is being done for lenders and accessors. If you're interested in building an ICF construction project and run into lenders turning down your financing, don't give up. First, call us and we'll be happy to educate your lender, second, if you get a "no" do like one of our customer's did and move on to another lender. (To hear more from that particular customer, listen to our podcast.)
If you're building a home that's so energy-efficient that your utility bills will be minimal or nonexistent, your lender should take that into consideration when deciding how much you can afford to borrow, right? Not so fast. Net zero homes, also known as zero energy homes, offer financial and environmental advantages to buyers, but not all lenders and appraisers recognize the impact of higher levels of energy efficiency on a homeowner's bottom line.
Link to original article: http://www.bankrate.com/finance/mortgages/few-financing-advantages-for-energy-efficient-homes.aspx
Larger mortgages should be allowed for more energy efficient homes, says a new project.
The group is called LENDERS and is comprised of green energy groups and sustainable bodies, building industry experts and mortgage lenders.
It is now trying to show that if mortgage lending decisions consider more accurate estimates of fuel costs, then this may lead to lower energy consuming homes being responsibly afforded larger mortgages.
The Nationwide Building Society chairs the group which is now examining ways of moving on from the way energy costs are currently estimated in the mortgage lending process, which the group believes will help more responsible borrowing.
LENDERS is in the process of gathering data in order to present more accurate energy cost affordability and information that will feed into the process of mortgage lending.
The group say that the scheme will help in supporting more responsible lending. In addition it means that because of their lower fuel bills, more energy efficient homes will also have lower costs in other areas.
As a result these home owners will therefore be able to repay an increased rate of mortgage repayment instalments without the fear of their overall outgoings increasing.
The group believes that this will in turn lead to the capacity to deliver high capital lending amounts.
It is hoped that by making larger mortgages available for more energy efficient homes, this will stimulate consumer awareness of the benefits of greener homes and in the long term it is hoped that this demand will contribute to driving the housing market.
This in turn will increase the value of more energy efficient homes.
The group also say it would encourage more home owners to put more money into improving energy efficient building solutions.
LENDERS also believe that this will be useful for re-mortgages to conduct projects relating to energy refurbishment.
Link to original article: http://www.bdcmagazine.com/civil-engineering/energy-utilities/new-group-calls-larger-mortgages-energy-efficient-homes-10308
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