The
decision to build a new home is one of the smartest decisions you will ever
make and it can make a difference in the way you entertain friends or spend
time with your family.
As
more and more existing homes are added to the real estate market, buyers may
begin to feel overwhelmed. Often times, a buyer will like some features in each
home he or she tours but unfortunately the homes cannot be combined. This is
where the attractiveness of a new home comes in. Existing homes often need updates
or repair, unlike that of a new home which is custom designed and built to fit
the buyers lifestyle and taste.
Today,
according to the National Association of Home Builders houses are 50 percent
more energy efficient than homes built 10 or 20 years ago. Also home builders,
including RHBA members, offer warranties on workmanship materials and equipment
so the quality of your home is guaranteed.
Among
the benefits of new home ownership is increased tax savings. You can deduct
your mortgage interest and property taxes from your income. These expenses are
also deductible on federal, state and local tax returns. A new home is also
considered a sound investment because you never have to pay taxes on the amount
that your home appreciates from year to year.