Category: real estate

real estate

Building the Future: Sip Homes and Financing Options

Introduction

In the realm of sustainable and energy-efficient construction,Structural Insulated Panel (SIP) homes have been gaining widespread attention. SIP homes are not only environmentally friendly but also offer numerous advantages,including superior insulation,reduced energy consumption,and enhanced durability. However,embarking on the journey of building a SIP home can be a significant financial undertaking. In this article,we will explore what SIP homes are,their benefits,and various financing options to help you realize your dream of owning an eco-friendly SIP home.

What Are SIP Homes?

SIP homes are a modern approach to residential construction that utilizes Structural Insulated Panels,which are prefabricated building materials. These panels consist of two layers of structural board,such as oriented strand board (OSB),sandwiching a core of rigid foam insulation,typically expanded polystyrene (EPS) or polyurethane foam. SIPs are manufactured in controlled factory conditions,ensuring high precision and quality.

Advantages of SIP Homes

1. Energy Efficiency: SIP homes are exceptionally energy-efficient due to their superior insulation properties. The airtight seal created by SIPs minimizes thermal bridging and reduces heat loss,resulting in lower heating and cooling costs.

2. Environmental Friendliness: SIPs are eco-friendly as they reduce energy consumption and carbon emissions. Additionally,using sustainable materials in SIP construction can further enhance their green credentials.

3. Quick Construction: SIP homes can be constructed faster than traditional homes because the panels arrive at the construction site pre-cut and ready for assembly. This not only saves time but also reduces labor costs.

4. Enhanced Durability: SIP homes are known for their strength and durability. They are resistant to pests,mold,and moisture,making them a long-lasting investment.

Financing SIP Homes

Building a SIP home can be a rewarding endeavor,but it’s essential to consider financing options to make your dream a reality. Here are some avenues to explore:

1. Traditional Mortgage Loans:
  Traditional mortgage lenders,such as banks and credit unions,offer home loans for SIP construction. To secure a mortgage,you’ll need a strong credit score,a substantial down payment,and a well-detailed construction plan. Ensure that your lender is familiar with SIP construction to streamline the process.

2. Energy-Efficient Mortgage (EEM):
  An EEM is a specialized loan designed for energy-efficient homes,making it a suitable choice for SIP construction. These loans allow borrowers to finance the cost of energy-efficient upgrades,including SIPs,as part of their mortgage. EEMs often offer favorable terms and lower interest rates,making them an attractive option for SIP home financing.

3. Federal and State Incentives:
  Explore federal and state incentives aimed at promoting energy-efficient construction. These incentives may include tax credits,rebates,or grants that can help offset the cost of SIPs and other energy-saving features.

4. Home Construction Loans:
  If you don’t have access to traditional mortgage financing,consider a construction loan. Construction loans provide funds during the building process and can be converted into a permanent mortgage once the home is completed. Be sure to find a lender familiar with SIP construction to simplify the loan process.

5. Green Building Programs:
  Some green building programs and organizations offer financial assistance to homeowners who choose eco-friendly construction methods like SIPs. These programs may offer grants,low-interest loans,or subsidies to help reduce the upfront cost of SIP home construction.

6. Energy-Efficient Home Builders:
  Collaborate with home builders experienced in SIP construction who may offer financing options or packages that include both construction and financing services. These builders often have established relationships with lenders who understand the value of SIP homes.

Conclusion

Structural Insulated Panel (SIP) homes represent a cutting-edge approach to sustainable and energy-efficient residential construction. The benefits of SIP homes,including energy efficiency,durability,and environmental friendliness,make them an attractive option for conscientious homeowners. However,financing the construction of a SIP home can be a significant undertaking.

To realize your dream of owning a SIP home,explore various financing options,including traditional mortgage loans,energy-efficient mortgages,government incentives,construction loans,green building programs,and builder partnerships. It’s essential to do your research,compare lenders,and ensure that your chosen financing method aligns with your financial goals and the unique requirements of SIP construction. Current construction loan interest rates can be found here. Also construction to permanent loan rates are updated here.

03 Oct 2023 admin 0 comments

How Much Money Can You Make on Social Security Disability?

Being disabled can be expensive. The great news is that Social Security Insurance (SSDI) benefits have risen by 8.7%. We at Marken Law will explore how much money you can make on SSDI benefits this 2023.

What is Substantial Gainful Activity,and How Does it Affect Your SSDI Benefits?

If you make more money than $1,470 (or $2,460 for the visually impaired) monthly,the SSA (Social Security Administration) will identify you as having Substantial Gainful Activity (SGA). This limit means SSA has marked you as independent enough to make a living without needing benefits. 

How Much Money Can You Earn on SSDI?

The SGA does not include income streams that are not directly from employment. These income streams include investments,your spouse’s income,and other assets. 

For example,you earn below $1,400 as a contractual freelancer with a disability. But you have added financial support from your monthly dividends. SSA will not count those dividends. They will only consider your wages as a contractual freelancer and qualify you for SSDI benefits. 

Can You Still Receive my SSDI Benefits if my Income Surpasses the SGA?

Yes,you can still receive your SSDI benefits within a Trial Work Period (TWP). This period is the first nine months you earn above the SGA amount. 

TWP only counts the months you earned above SGA. You can subtract expenses related to your disability from your earnings to determine your monthly income.

If you earned $1,500 a month and paid $35 for monthly adaptive equipment,your actual earning is $1,465. Therefore,you will not enter TWP.

However,what if you get a raise and earn $1,600 for one month? After you pay $35 for your monthly adaptive equipment,you will still have $1,565. That is more than the SGA limit. Your income then counts as one month of TWP. 

But if your income drops below $1,470,it will not be counted as another month of TWP.

During the nine months of earning above the SGA,you’ll continue receiving your SSDI. However,when TWP ends,and you still make above the SGA,the SSA will consider you no longer disabled,and your SSDI payments will stop. 

But depending on your case,TWP can be extended. 

What Other Reasons Your SSDI Benefits Might Stop?

There are other scenarios when your SSDI benefits discontinue. For example,some scenarios related to the age limit:

  • You reach retirement age at 66. You’re eligible for Social Security retirement benefits instead.
  • You’re a dependent who turned 18. Suppose you receive benefits as a dependent minor. Once you turn 18,the benefits may stop.

Another factor when your SSDI benefits may change is if you get incarcerated:

  • Charged with a misdemeanor. Your benefits may continue unless you are imprisoned for 30 days or more. The good news is that it will continue a month after your release. However,your case may differ if you participate in a rehabilitation program.
  • Charged with a felony but was not incarcerated. Your SSDI may be canceled. 

How Can You Maintain Your SSDI Benefits?

To maintain your SSDI benefits,always maintain contact with:

  • Your Doctor. Having as many regular checkups with your doctor as possible will help confirm that you still have a disability. 
  • The SSA. Notifying them of changes to your circumstances will allow them to instruct you on keeping your benefits.

For example,if you get a job without notifying the SSA first,they may consider you no longer disabled. They will then schedule a re-examination of your SSDI qualifications or cancel your benefits. 

Will the Income Limit for SSDI Affect my SSI? 

While SSDI is based on disability and work credits,Social Security Income (SSI) is based on age or disability with limited income and resources.

The answer will vary from person to person. Whether you qualify for SSD and/or SSI will depend on the nature of your disability and income. We advise you to qualify and find out rather than never trying at all. 

Do I Qualify for SSDI and SSI Benefits?

SSDI benefits have increased by 8.7% this 2023. This is excellent news for people with disabilities who need government support. However,an advocate can make a difference in qualifying for your needed benefits. 

Here at Marken Law,we present our clients’ cases and file the paperwork. To get the benefits you deserve,please check out social security disability
 

28 Aug 2023 admin 0 comments

LA’s Top Roofing Contractor: Head and Shoulders Above the Competition

Isn’t it incredible how our beloved city of Los Angeles,home to Hollywood stars,the iconic Griffith Observatory,and the sandy Venice Beach,is also host to some of the most reliable roofing contractors around? For more information about our services,https://qualityroofingspecialists.com/. Nestled in the midst of our 90001 to 93599 ZIP codes,there’s a quality roofing hero waiting for your call.

The LA Sunlight: A Double-Edged Sword

We Angelenos enjoy our warm weather condition,don’t we? Nevertheless,the very same sun that perfects our beach days can ruin our roofing systems. The constant exposure to sunlight,coupled with our distinct mix of ocean breeze and periodic rains,can result in unforeseen damage. Who’s got your back? Our first-class roofing contractors,that’s who!

Finding the Best Roofer: No Longer a Problem

For top-tier service,check out our https://qualityroofingspecialists.com/. Now,you might be thinking: finding a dependable roofer in Los Angeles is as difficult as discovering a parking area in Downtown LA during heavy traffic. But hear us out– it’s not all gloom and doom. With a little research study,a few clever questions,and some regional recommendations,you’ll discover a specialist as trustworthy as the Pacific Coast Highway.

Quality Over Quick Fixes

The very best roofing contractors are not the ones who patch things up in a hurry. They are the artisans who take their time,utilize the best materials,and ensure the job is done right. An excellent roofer can make your roofing system stand up to the whipping sun of our SoCal summertimes,endure the occasional rainstorms,and still look good enough to be on a Hollywood set.

Regional Proficiency Matters

Choosing a local contractor means picking somebody who comprehends LA’s special environment and building codes. Plus,nothing beats regional references and a contractor who knows the distinction in between roof in Santa Monica and North Hollywood. That’s an advantage just a local Los Angeles professional can provide.

LA’s Choice for Sustainability

Roofing is not almost covering leakages and changing tiles anymore. Lots of Angelenos are increasingly trying to find sustainable and energy-efficient roofing services,a trend our regional contractors are accepting. They’re here to help you make your home not just a comfortable living area however also a part of LA’s green future.

Your Roof Needs – Sorted!

So,whether you’re in Echo Park,Westwood,or anywhere else in the City of Angels,a local,quality-focused,sustainable roofing contractor is simply a telephone call away. Keep in mind,a great roofing system is not just an overhead expenditure,it’s an investment in your home and assurance. Make the best option for your LA house!

Quality Roofing Specialists  
Address: 1444 N Poinsettia Pl Unit 308,Los Angeles,CA 90046  
Phone: (310) 340-1643  
Website: QualityRoofingSpecialists.com

16 Jul 2023 admin 0 comments

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Need to Talk?

Joan S. Cook

Address: Philadelphia, PA 19108
Phone: 267-274-6934
Email: info@akrfc.org