I have just put up some fans in my home. I would like to put a fan speed control switch and a lite switch. When I put up the front room fan there are a white,black,ground, and a red wire there. What is the red for? Is the red wire for the lites fan?

It can be. How many wall switches do you have, and what do they currently control?

See: Ceiling fan wiring - Ceiling Fans N More