American Standard Building Systems, Inc. Launches Retail New Home Division
Martinsville, VA (ContentDesk via ContentDesk Direct) June 2, 2005 -- American Standard Building Systems Inc., one of the nation's oldest and largest manufacturers of framing components and new home building systems, announces the launch of its Owner Builder Solutions? consumer direct division.
Owner Builder Solutions turns homeowners into home builders by allowing the customer to assume the role of general contractor, thereby saving up to 25% of the cost of building a new house.Owner Builder Solutions' homes are constructed exclusively through a process known as Systems Building, or "conventional construction under factory controlled conditions."
The Owner Builder Solutions home is not a modular or mobile home; rather, it employs the process of automating traditional home building methods.
Utilizing advance AutoCAD technology, the home is "built" in a computer before the first piece of lumber is cut.
Once the various components are constructed, the entire structure is shipped to the building site where it is assembled on the customer's foundation."Owner Builder Solutions assists homeowners with the most critical stages of home building?the foundation and structural framing phases," explains American Standard Building CEO James A. Lester.
"These phases are often the most under-estimated aspect of the home building process, both in time and cost.
Because the computer generates a very accurate materials take-off, we can guarantee the price of the materials for the structural framing and dry-in, something very few suppliers are willing to do."The concept of the owner as builder has recently gained momentum with the advent of do-it-yourself television programs and the expansion of home improvement "super-stores" which tend to remove the mystery and apprehension of the home building process.
Illustrating this trend is the fact that in 2000, more then 40% of all building permits were "pulled" in the name of the homeowner rather then a general contractor.
Supported by the precision of computer design, "owner builder" service programs like Owner Builder Solutions provide a more affordable way for homeowners to build their own new home. Owner Builder Solutions excels in this growing market because of its systematic approach to the entire process, enabling the homeowner to confidently take charge of their home building project.
An Owner Builder Solutions account executive is available to work with the homeowner through the entire planning process and beyond, offering invaluable guidance and tools.
For instance, the Line Item Cost Break Down computer application allows the homeowner to keep track of the entire cost of the project on one single form.The client first works with the experienced architectural design staff to either select or custom design their house plans.
Once the blueprints are finalized, the planning process concludes with the selection of subcontractors and the gathering of bids for the other materials and labor required to complete the home.
Once all building costs are estimated, the customer is ready to make final submission for his construction loan.Through relationships with the nation's leading construction lending institutions, Owner Builder Solutions offers 100% construction financing for every aspect of the home building project.
In most situations, out of pocket expenses total only $800 to $1200.
Additionally, homeowners may not have to make construction loan payments while their new home is being built.
The Systems Building process is especially popular with financial institutions because its small margin of error significantly enhances the customer's chances of success. "Owner Builder Solutions provides the ideal 'move-up' opportunity for customers who are hesitant to purchase a pre-owned home," Mr. Lester explains.
"In many cases, the traditional three closing 'land-construction-permanent' financing process can be combined into a single closing 'construction-to-permanent' (CTP) mortgage.
The entire process makes new home building easier and more affordable than ever."About American Standard BuildingAmerican Standard Building Systems, Inc. was formed in 1968 to construct high quality homes under controlled conditions. Since then, the company has built and delivered more then 38,000 housing units to customers through out the United States and aboard.
Located in south-western Virginia, American Standard Building continues to flourish despite a struggling local economy, providing much needed jobs for Martinsville and the surrounding area.
For more information about Owner Builder Solutions' new home division, please visit www.ownerbuildersolutions.com.Media Contact:Eric HruzaDirector of Business Development276-638-3991 x1219e-mail protected from spam bots.
Business Finance Expert Series: "What Every Business Owner Needs to Know About Factoring"
HJ Ventures is proud to release its second Business Finance article in the "Factoring" expert series -What every business owner needs to know about factoring?http://www.hjventures.com/factoring/factoring-glossary.htmlFactoring is a promising way to stimulate the cash flow of a company. Its growing popularity can be gauged from the statistics that factor finance approximately amount to $70 billion in United States each year. In United Kingdom it represented a total volume of ?104.4 billion in 2002. However, before leaping on the factoring (http://www.hjventures.com/factoring/factoring.html) bandwagon it is important for the business owner to know what makes a business suitable for factoring?- Companies with sales up to and exceeding $250 million per year are and may be factored- Before making any decision the owner should...
Business Finance Expert Series: "What Every Business Owner Needs to Know About Factoring"
Financing > Business Finance Expert Series: "What Every Business Owner Needs to Know About Factoring"
To Successfully Obtain Business Capital Every Business Needs A Coach
If you are a business owner the task of obtaining business capital can be very daunting. Most businesses fail because they have never been taught how to obtain financing and therefore they have no clue where to begin. The Small Business Administration reports that 97% of business loan applications fail.
The importance of seeking expert assistance when setting up business credit has many business owners turning to a business finance coach to help them establish their business credit. One of the biggest mistakes made by business owners is that they attempt to obtain business financing using their personal credit.
You should never use your social security number to obtain business financing. Personal credit has to be separated from your business credit.
Until your business has three separate business credit scores, any financing that your business receives will be based solely on your personal credit scores and your personal assets...
Financing > To Successfully Obtain Business Capital Every Business Needs A Coach
4 Things You Shouldn't Do When You're Buying A Home
1. Don't Make a Major PurchaseYou've just found out your credit is A+. That's great news, because a new car would look fantastic in the driveway of your new home. But hang on--if you are depending on a mortgage to move in, you'd best wait until after closing to buy the car.An increase in your debt to income ratio reduces the amount of monthly income available for your mortgage payment. If you tack on a higher car payment, the bank might decide you cannot afford the home.
Using cash to purchase the car could also create a problem, since banks consider cash reserves when approving your mortgage. If you make a major purchase before closing, talk to your loan officer before you do it.2. Don't Change Jobs Unless It's NecessaryLenders like to see a consistent job history. They aren't usually as nervous if you change jobs within the same field, but it's better to stay put until the keys to the house are in your hand.3. Don't Give an Earnest Money Deposit Directly to a For Sale By Owner...
4 Things You Shouldn't Do When You're Buying A Home
Financing > 4 Things You Shouldn't Do When You're Buying A Home