In life, we use the term night and day difference to refer to opposites, things that are completely different. We also use terms such as left or right, in or out, up or down, etc. All of these can also characterize the choices you make. …
The Impresa Blog
“’Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it.” -Albert Einstein Interest is simply the cost of borrowing money. If you finance your home, you are going to be paying it. It is going …
We hear terms such as energy-efficient, green, resilient, zero-energy ready (ZER), along with many others every day. When you are a builder, or if you are into building science, you know (or should know) what they all mean. However, as a home buyer that just wants a home that is safe, comfortable, and has the lowest monthly utility bills possible, these terms can sound foreign. The common denominator that plays a role in each of these areas is something called the “thermal envelope”. It’s most basic definition is the line that is drawn between the outside of the house and the inside of the house. It is a boundary. The goal is to make it a solid line (continuous boundary) that keeps water out, allows moisture to escape, and eliminates air movement in either direction.
When a home buyer first discovers modular construction as an option to build their new home, they get excited. They begin to Google more about the construction method and learn more about it and its advantages. However, as an industry, many contractors don’t know anything about it. It’s different. They have been building the same way for 10, 20, or 30 years or more doing it the exact same way. In fact, the construction industry overall lags every other industry in productivity growth. In a report by McKinsey & Company the construction industry has only see a 1% increase in the last 20 years. To overcome this lack of productivity they recommended action in several key areas. Here are a few: improve procurement and supply chain, rethink design, and infuse technology and innovation. That describes offsite modular construction. But for many todays builders a new way is a wrong way to build.
Most homebuyers that are building a home will need a construction loan. And the typical homebuyer will only have built 1 to 3 homes over their entire lifetime. That means getting a construction loan is an entirely new process. Even if they have done it …
Home sales today are off the charts. Interest rates are now at historic lows! Realtors and home builders are all busy. Homebuyers are doing their research and looking at homes on the internet. Four items seem to be at the top of the search list for those investigating building their new home.
In the last six months, lumber prices have drastically increased. By drastically, we are talking by more the double the price they were at in March. This has driven the price of a house up sharply as we approach the end of the year. But we have also seen, historically, the lowest interest rates for a home mortgage. We are talking near record lows for a home mortgage. Most home buyers take out a 30-year loan to finance their home. So now we have what is called a quandary
Residential off-site construction is the term used to describe the manufacturing, planning, design, fabrication, and assembly of a home’s elements at a location other than its final installed location.
Perhaps the most famous quote attributed to Henry Ford is this: “If I had asked people what they wanted, they would have said faster horses.” While most people agree that Ford never actually said this, it does illustrate a great point. People don’t know exactly what they want until they see it. But once they see it, they will flock to it in droves. And typically when they do, it will happen fast! The main picture in this article illustrates this exact point. The picture on the left was taken on 5th Ave in New York in 1900. You see just one car. However, in just 13 short years there was a complete change. In that same area of 5th Ave in 1913 try and spot the lone horse.
COVID has also changed the way many people think about the livability of floor plans. Over the past 20 years, the move has been towards open floor plans. The kitchen, dining room, and family room have blended into one large great room. Formal dining rooms and living rooms have been disappearing from today’s home plans. But at the same time, today homes have become more energy efficient. Some of this can be attributed to stricter local building codes and requirements, while in other cases, it is just because building products have gotten better.