Category Archives: House Plan Buying Tips

Your New Home With An “Out of the Box” Plan

A new home means a new start, and a new you! Plan your dream home the way you want and we will make it come true.

Welcome to www.archivaldesigns.com, a house planner that has a large collection of house designs, luxury home plans and blueprint packages for you. We offer customized house plans that are inspired by your own lifestyle and sense of elegance.

Any new home or modern architecture demands a smart home plan that perfectly blends with your lifestyle and ensures that you enjoy all the goodness of modern living. Any house plan that we offer and modify for you is a brilliant combination of several factors like your passion for old and modern architectural art, your lifestyle, your neighborhood, your vision and most importantly, your budget. Archivaldesigns.com offers blueprints and construction documents which can be modified to fit your lifestyle requirements and budget.

Why try to fit inside a house that’s just not for you? Your individuality defines you. It’s true that a visibly soothing drawing room, a study room that helps you concentrate without any distraction, a calm and cool bedroom, a modern kitchen, a beautifully designed lawn or garden and a refreshing swimming pool are all you need to live a good and healthy life but what about your individuality? Won’t it be great if we help you plan a house that is customized only for you and your family? Your home design will be a perfect reflection of what you visualize while we take care of all the technical aspects and prepare the blueprint and other construction documents that are compliant with national building codes. Archivaldesigns.com is your professional home planner that has a huge portfolio of old and modern architectural designs that not only leave you mesmerized but help you plan for a new customized home.

More than 1500 house designs and house plans are waiting for you with their individuality and uniqueness. Browse through our library, think, visualize the kind of home plan that suits your lifestyle and whenever you want we can modify a house plan for you. We create home styles that are modern and elegant and modify them to give you more freedom and comfort. We help you build a home that is unique in design, look and feel. You will love our individualistic home styles and modern house styles. All the new house plans are based on both classical and contemporary architectural designs. With www.archivaldesigns.com, you get the freedom of creating a customized home plan or home style that works for you and your family.

Every classical yet customized house design welcomes you with all their Colonial, Country and Neo-Classical charms and lets you live a calm and comfortable family life while our modern home plans showcase all the distinct goodness of simplicity and elegance. A blend of all the goodness of modern lifestyle and smart architectural design, every house plan created by Archivaldesigns.com is more about your individuality and sense of comfort.

We help you design your new home that is truly you.

Do you want to build a luxury home? Get the plan for it

Everyone dreams of a lavishly luxurious house that reflects his/her individuality, richness, elegance and luxurious lifestyle. Classical or contemporary, whatever your taste for modern architectural design is, we help you plan and design your own luxurious house that will truly become an abode of ultimate comfort, endless luxury and soothing elegance. Nothing symbolizes your glamour more than your own customized luxury house.

Archivaldesigns.com is a luxury house planner that offers classical and contemporary luxury house plans that inspire. All the luxury home plans are designed to facilitate your modern and healthy lifestyle. It’s always true that your luxurious mansion defines you as an individual, so, the plan for your luxurious home should be based on extensive research on architectural art and technology. Not only should a luxury home plan reflect your rich lifestyle, but should take care of all the national building codes as well. Archivaldesigns.com, your friendly luxury house planner, helps you see your dream on paper and other construction documents. Yes, we plan your luxurious house for you with care.

Adobe / South-western, Beach, Bungalow/Craftsman, Cape Cod, Classical, Colonial, European, Country/Farmhouse, Mediterranean, Modern, Prairie, Ranch, Southern, Traditional or Tudor, whichever architectural design you want, we can plan and design a fascinating luxury mansion for you. Your luxury house plan will have everything – bowling alleys, discos, recording studios, private golf courses, professional laundries, helicopter pads, indoor shooting ranges, landing strips, salons, luggage elevators for individual bedrooms, ballrooms, roof-top observatories, multiple kitchens, salt-water aquariums and salt-water pools – What else do you need to flaunt your luxurious attitude? You just need to describe your imagination and we make your dream come alive on blueprints.

Planning a luxury house is an art and luxury home planners are artists. Your luxury house plan not only ensures easy-to-use controls for all the operating elements in the home, but helps you free your mind and relax your body. Elegance, glamour and comfort should go side by side and we ensure that you get what you envision. Our luxury house planners work closely with clients seeking a luxury home with specified features or help clients to modify an existing luxury house with new and innovative luxury home plans. We blend the best of architectural art, modern building technology, extensive research and your vision to create a single design that fits perfectly with your rich attitude and taste for uniqueness.

A state-of-the-art luxury house is a symbol of your richness and dignity. www.archivaldesigns.com makes luxury home plans with care and with utmost respect to your vision. We, as your house planner, create designs that always maintain a balance between lavish lifestyle, the best of architectural art and your richness to create something that makes you feel really special.

If it’s your time to unleash the elegance of your richness and show the world your aristocratic attitude, remember that www.archivaldesigns.com is your luxurious house planner.

www.archivaldesigns.com deals with luxury house designs, luxury house plans and luxury home plans and offers full blueprint packages that include applicable building codes and the most current updates for individual jurisdictions.

Home Ownership: Don’t Miss Out!

Homeownership is an important part of the American way of life, and there may never be a better time to buy than today.

  • Outstanding Opportunities

With the country still emerging from the recent recession, many people are wondering if this is a good time to buy a home.   The answer is easy: Yes. It’s a very good time to purchase a home. Even though the housing market is beginning to recover, it is still a buyer’s market.   There are many opportunities in today’s market including affordable prices, low mortgage rates and great new homes. But market conditions can change, and these opportunities may not be around for long, so home buyers shouldn’t wait.

  • Great Selection

An excellent selection of homes on the market makes today a very good time to buy. A plentiful inventory provides a great choice of homes, and there are builders that have brand new homes that are “move-in ready.”   Additionally, many owners of existing homes who postponed trading up or downsizing due to market conditions are now ready to sell. And as employment improves, the number of relocations will increase, bringing more homes into the market.

  • Attractive Pricing

If there’s a silver lining to the recession and the housing downturn, it’s that homes in many markets are more affordable. Prices in some areas have moderated significantly, especially in major markets where they increased the most during the housing boom that occurred in most of the country.

  • Low Interest Rates

Like inventory and pricing, mortgage interest rates are still at very favorable levels, but rates are sensitive to market forces and can change quickly. There’s no indication that rates will suddenly surge upward, but even a slight rate increase can push monthly payments to the point that a buyer might miss out on their first choice for a new home.  Prospective home buyers also should be aware that lenders are looking more closely at borrowers today than in recent years. To ensure that the process goes smoothly, buyers should consider pre-qualifying for a mortgage and having financing in place before shopping for a new home. Buyers also may find that some home builders have arranged favorable financing for their customers or offer financial incentives.

  • Greener and Better

WiTh energy costs near the top of consumer concerns, it’s good to know that new homes can be more energy efficient than ever. Innovative materials and construction techniques mean that today’s new homes are built to be much more energy efficient than homes constructed a generation ago. Not only can they be more affordable to operate, new homes also are significantly more resource efficient and environmentally friendly.

  • Designed With Buyers in Mind

Designed to accommodate today’s busy lifestyles, new homes feature open floorplans, flexible spaces, improved safety features, low-maintenance materials and other amenities that make them more appealing than ever before.   And in many areas, prospective home buyers who wish to live in age-qualified communities for those 55 and older will find a large selection of homes tailored to the evolving lifestyles of the baby boom generation.

  • Benefits for Home Owners

Homeownership also provides important benefits to owners.

  • Tax Benefits: For Home Owners Only

Unique tax benefits that apply only to housing help lower the cost of homeownership. Both mortgage interest and property taxes are deductible. Moreover, for married couples, profits of up to $500,000 on the sale of a principal residence ($250,000 for single taxpayers) are excluded from tax on capital gains.

The Advantage of Leveraging
Leveraging is another advantage of homeownership. A buyer can purchase a home and receive the full benefit of homeownership with a cash downpayment that is only a fraction of the total purchase price. This is called leveraging, and it makes the rate of return on a home purchase greater than on other purchases with the same value, such as stocks, where the buyer must put up the entire price.

  • Building Personal Resources

For most Americans, homeownership is a primary source of net worth and an important step in accumulating personal financial assets over the long term. Although property values have declined in many markets, Americans currently have a total of more than $6 trillion in equity in their homes, and for most families, home equity represents the largest share of net worth.

  • There Really is No Place Like Home

Although there are many positive financial aspects to homeownership, a home cannot be valued in monetary terms alone. Not only can homeownership be a steppingstone to greater financial well-being, it provides a permanent place to call home and great personal satisfaction.

Academic research also shows that homeownership provides a wide range of social benefits and strengthens the nation’s people and its communities.

Homeownership is truly a cornerstone of the American way of life.

Choose From More Than 400 House Designs and House Plans We offer house designs in a wide range of styles and sizes. Some of our more popular house designs include European-inspired Georgian and Palladian homes, English Manor house plans, Tuscan-style Italian villas, French chateaux, and Colonial house plans. Our Tuscan-style villas range from 1800 sf to 13,600 sf. Our Newport Classics house designs are gentrified New England-style cottages that range from 1500 to 5000 square feet. Our starter castles, mansions and estate homes are designed in the grand tradition of some of the most impressive homes in the world. Please feel free to search our house designs or browse our photo gallery to get a sense of the many styles and types of house designs we offer. Our plans have been built around the globe, from Canada to Dubai, and one plan could be just for you!

Today’s photos are of Archival Design’s Champlatreaux House Plan

What the Mortgage Settlement Means to You

American homeowners can breathe (a small) sigh of relief. The U.S. announced a $25 billion deal Thursday with the nation’s largest banks – after more than a year of bickering and about-faces – that would provide some help for people struggling to pay their mortgages.

The settlement comes after evidence emerged late in 2010 that banks robo-signed thousands of foreclosure documents without properly reviewing paperwork. The Obama administration hopes the pact will open a new avenue for housing relief because it will force the banks to write down mortgages at a time when roughly one in four borrowers owe more on their mortgage than their home is worth.

“Turn the page” on “recklessness” and abusive practices by banks that led to the housing crisis, President Barack Obama told reporters in remarks at the White House after the deal was announced. The settlement has been billed as complementing other government programs designed to boost the housing market that has been a drag on the economic recovery, a key issue for Obama as he fights for re-election in November.

“We have reached a landmark settlement with the nation’s largest banks that will speed relief to the hardest hit homeowners,” Obama said. He also urged Congress to take action on some other proposals aimed at aiding homeowners, including one to help underwater borrowers who are current on their payments refinance their mortgages.

The Obama administration has estimated that up to 1 million homeowners could benefit from the deal through mortgage writedowns and other forms of relief. The New York Times said another 750,000 people who lost their homes through foreclosures between January 2008 through the end of last year will get a $2,000 check. The aid will be doled out over three years, the Times said.

The core group of banks involved in settlement talks are Bank of America Corp, Wells Fargo & Co, JPMorgan Chase & Co, Citigroup Inc and Ally Financial Inc.

Forty-nine states joined the settlement in advance of a Feb. 6 deadline, but several states continued negotiations to address concerns specific to their state. The deal was clinched after California and New York joined at the last minute. Oklahoma was the lone holdout and will get no funds.

Although the deal with 49 states is the largest joint federal-state settlement ever obtained, the amount is minuscule compared to the declines in home values and the banks still face a host of other mortgage-related lawsuits.

“The bottom line about this settlement, is it’s okay, it’s a step forward, it’s a step in the right direction. But let’s not kid ourselves, there’s a hell of a lot more that needs to be done,” said Ira Rheingold, executive director of the National Association of Consumer Advocates.

The deal does little to ease bank investor fears, industry analysts said.

“We believe any initial euphoria over the deal will quickly fade as investors realize the flood of additional mortgage-related litigation that the major banks face,” said Guggenheim Partners analyst Jaret Seiberg in a note on Thursday.

The deal, so far, only applies to the five banks who signed it. It does not apply to government-owned mortgage giants Fannie Mae and Freddie Mac, which hold more than half of all the mortgages in the U.S.

The proposed settlement distributed last month to state officials included rough estimates on the benefits each state’s homeowners might receive, but did not include guaranteed numbers.

California received a guarantee its struggling homeowners would receive around $8 billion in relief, two people familiar with the negotiations said. The state itself would receive around $430 million for foreclosure prevention and other housing efforts.

Money breakdown
Under the terms of the agreement, the servicers are required to collectively dedicate $20 billion toward various forms of financial relief to borrowers. At least $10 billion will go toward reducing the principal on loans for borrowers who, as of the date of the settlement, are either delinquent or at imminent risk of default and owe more on their mortgages than their homes are worth.

At least $3 billion will go toward refinancing loans for borrowers who are current on their mortgages but who owe more on their mortgage than their homes are worth. Borrowers who meet basic criteria will be eligible for the refinancing, which will reduce interest rates for borrowers who are currently paying much higher rates or whose adjustable rate mortgages are due to soon rise to much higher rates.

Up to $7 billion will go towards other forms of relief, including forbearance of principal for unemployed borrowers, anti-blight programs, short sales and transitional assistance, benefits for service members who are forced to sell their home at a loss as a result of a Permanent Change in Station order, and other programs.

Because servicers will receive only partial credit for every dollar spent on some of the required activities, the settlement will provide direct benefits to borrowers in excess of $20 billion.

The Office of the Comptroller of the Currency also said on Thursday that Bank of America, Citigroup, JPMorgan and Wells Fargo have agreed to pay a penalty of $394 million as part of a settlement they reached in April 2011 with regulators over foreclosure abuses.

The banks can meet the terms of the penalty through payments they make as part of the larger settlement with state attorneys general and the Justice Department, the OCC said.

What does it mean to me?

If you are underwater on your home or struggling to pay your mortgage, you are probably wondering whether you can expect relief under a $25 billion settlement reached by state and federal officials with the nation’s biggest banks.

The short answer is, you probably won’t know right away.

According to details laid out on a new “National Mortgage Settlement” website, the payments and other relief will be made over a three-year period and “borrowers will not immediately know” whether they are eligible.

There are three main categories of people who will be aided under the settlement, according to the site:

  • Homeowners who need loan modifications to stay in their homes. Loan servicers have agreed to write off some principal in these cases, which would help homeowners refinance at lower monthly payments.
  • Borrowers who are current on payments but underwater, meaning they owe more than their home is worth. Servicers will help some of these owners refinance at current rates, which are at or near record lows.
  • Borrowers who have lost their homes to foreclosure. Some of these former owners will be eligible for payments. $1.5 billion will be distributed to 750,000 borrowers, which works out to $2,000 per person.

Within the next 30-60 days, an administrator will be chosen to oversee the settlement. Eligible homeowners will be identified over the next six to nine months, and will be notified by mail.

The settlement largely affects borrowers whose loans are serviced by five big banks: Bank of America, Citi, JPMorgan Chase, Wells Fargo, and Ally/GMAC. Loans owned by government-owned mortgage giants Fannie Mae and Freddie Mac are not affected. Borrowers from Oklahoma also will not be eligible because officials from that state did not join the settlement.

For more information. including telephone numbers of the loan servicers, check out the settlement website. The site also includes links to check whether your home loan is owned by Fannie or Freddie.

Choose From More Than 400 House Designs and House Plans We offer house designs in a wide range of styles and sizes. Some of our more popular house designs include European-inspired Georgian and Palladian homes, English Manor house plans, Tuscan-style Italian villas, French chateaux, and Colonial house plans. Our Tuscan-style villas range from 1800 sf to 13,600 sf. Our Newport Classics house designs are gentrified New England-style cottages that range from 1500 to 5000 square feet. Our starter castles, mansions and estate homes are designed in the grand tradition of some of the most impressive homes in the world. Please feel free to search our house designs or browse our photo gallery to get a sense of the many styles and types of house designs we offer.

Changes to the Home Affordable Refinance Program

WASHINGTON, Oct. 24– Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev., issued the following statement regarding today’s announcement by the Federal Housing Finance Agency (FHFA) to enact a series of changes to the Home Affordable Refinance Program (HARP):

“It is encouraging that the Obama Administration is beginning to turn its attention to restoring the nation’s housing market, which is crucial for the health of our economy.

“Making more borrowers eligible for refinancing their mortgages by enhancing the Home Affordable Refinance Program (HARP) will give a badly needed boost to consumer confidence. Enabling additional home owners to take advantage of today’s low mortgage interest rates in cases where their loans are greater than the value of their homes will give some households more money to spend on other things and enable others to at least pay their mortgages off at a faster rate.

“However, for the many families who have fallen behind in their payments because of the weak job market, the changes to HARP will have no benefit. HARP is only open to mortgage borrowers who have remained current with their payments. Clearly, additional policy initiatives are urgently needed to prevent foreclosures and deal with the inventory of foreclosed homes.

“In addition, it is essential to address overly restrictive mortgage lending standards, inappropriate credit limitations on home builders and a broken appraisal system that is contributing to housing price instability. All of these factors are detrimental to the full-scale housing recovery we need to rally consumers and get a disappointing economic recovery moving forward.

“We still have an enormous amount of work to do to repair housing. The HARP changes are a good step, but our leaders in Washington need to quickly focus on a broader range of actions for improving the housing marketplace. It has taken a painfully long time for them to recognize that housing is indispensable to the job creation and growth that have been sorely lacking since the end of the recession. The American people are losing patience and they expect far better economic prospects than those they are finding today, which stem in large part from neglecting housing.”

Monday is Halloween.