8 Good Reasons to Build Now
Go for the Guarantee! Wouldn’t it be great to have the peace of mind in knowing what your annual heating/cooling costs would be? All Heritage Homes come standard with Energy Star certification through an independent Home Energy Rating firm and a 3 year heating and cooling guarantee. Some home builders may build an Energy Star home but how many will put it in writing and guarantee it?
Our building system not only guarantees your construction costs, but also gives you the true peace of mind in knowing that you will have low energy costs for the lifetime of your home.
Outstanding Mortgage Rates. Mortgage interest rates are at historic lows. From 1971 to 2001, there were only 13 months where interest rates were below 7%. Today, a fixed rate, 30-year mortgage is around 5%. At this rate your monthly payment on a $175,000 loan is only $940.00 (principal and interest). What will it be in one year? If interest rates rise just 1%, that means your monthly cost would increase to $1050.00 or an additional $110.00 per month.
Have it your way. Build your dream. Now is your time. Now is the time that you choose the features you want in the home YOU design to fit your lifestyle.
The truth about foreclosures. Although the national media has focused on foreclosures lately, the fact remains that the foreclosures in the Heartland of America remain relatively low. In fact in March 2011, according to realtytrac.com, Nebraska ranked 44th out of 50 states for the amount of homes in foreclosures. The website states that this helps sellers so they do not have to compete against as many homes that are “bargain priced”.
Other markets with low foreclosure rates include:
North Dakota – ranked 49th South Dakota – ranked 47th, Wyoming – ranked 45th, Montana – ranked 41st and Iowa 28th. Additionally the lion’s shares of foreclosures are occurring in states outside the heartland, including California, Florida, Arizona and Georgia.
Don’t miss the opportunities to buy low and SAVE. Prices are at their lowest right now. Heritage Homes continues to offer a variety of sales incentives to prospective homebuyers. Those who buy now will reap the long-term gains of home price appreciation instead of missing out. For example, those who purchased homes in the early 1990’s, during the last economic and housing downturn, came out big winners. The median price of a new home in 1991 was $120,000. In July 2007 it was $239,500, nearly double in price.
Tax advantages. Advantage #1: Deductible interest and taxes. Homeowners in the U.S. save nearly $100 billion annually on mortgage interest and property tax deductions alone. In most instances, the interest and property taxes you pay can be deducted from your gross income to reduce your taxable income. These deductions could result in thousands of dollars in tax savings.
The Central United States remains stable in housing markets. The central United States is fortunate to have experienced a slower, more stable growth in our housing markets. While the markets on both of the coasts have soared at unsustainable double digit growth during the early part of the millennium, they are now experiencing more drastic declines.
Home ownership is still a solid investment. In fact, for most American’s it
is the best investment they ever make.
Consider this:
- Home values have risen an average
of 6% annually in the United States.
- The median price of homes in the
United States has doubled every 10 years.
