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Posts Tagged ‘NAHB News’

If you are looking to sell your home and downsize or simplify your life by moving to a lifestyle community, but are worried that your house may have lost some of it’s value over the past few years, the NAHB has some tips for you:

What are the Best Ways to Add Value to Your Home?

Which home remodeling projects are the best ones for those looking for a solid return on their investment — and higher profits come selling day?

Americans spent over $114 billion on home remodeling in 2009, according to the National Association of Home Builders (NAHB). Remodeling is expected to outpace new home building in about 10 years.

But all home remodeling projects are not equal. Here are some top ways to add value to your home…   Read the full story>>

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News from the NAHB:

No longer considered just a second-choice option for home buyers who can’t afford a house, condominiums are giving the single-family home a run for its money as the primary preference for many new home buyers.

Shifting Lifestyles

Changing lifestyles of Americans are often cited as the reason there are many more home buyers than ever before choosing condominium units over houses. The U.S. Census Bureau saw a decline in the proportion of married-couple households with their own children from 40 percent of all households in 1970 to 23 percent in 2003.

Demographics that are on the increase include single professionals, divorcees, partners without children and active retirees. Buyers who no longer need to factor in a yard or school district when they choose a home are not restricting themselves to traditional housing options.  Read the full story>>

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Some tips from the NAHB on the top 8 reasons to purchase a home…  Read the whole list>>

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There are incredible opportunities to buy a home in today’s market. Interest rates are near historic lows, prices are more competitive than they’ve been in years, and there is a large selection of homes available for sale to choose from. Whether you would like more space to accommodate a growing family or less to better suit an empty-nester lifestyle, the current buyer’s market makes it an ideal time to make a change. Read the full story>>

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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.  Read the full story>>

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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

Now that the tax credits for first-time and repeat home buyers have expired,* many people are wondering if this is a good time to buy a home.

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