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BuyNewBuyNow™ wants you to know all the facts about new home ownership to help you make an educated decision when it comes time to make the biggest purchase of you life. We are here to help you make your home more than just a house. Buy new and buy now. It's the smart thing to do for people looking for equity, appreciation and money saving tax deductions. While some naysayers point to a softening of the new home market, the reality is that there has never been a better time to buy a new home. |
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Learn more about why a new home is right for you, and about the home buying process. |
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New Construction Homes Offers Equity, Appreciation and A Solid Return on Investment Today and at Resale You want to make your money work as hard as you do. So why are you letting it languish in a low interest CD or money market when you could be investing it in a new construction home that will hold its value and appreciate. Many people think of savings only in terms of how much cash they have in the bank. But your newly built home offers another source of untapped savings – the equity you began building the day you move into your new home. This equity – or current value of the property less its liabilities – will continue to increase the longer you own your new home and can give you the financial freedom to move up to a larger home, use the money for travel, a start-up business or any other purpose. And owning a new home has never been more affordable thanks to today’s low interest rates plus the creative mortgage programs and thousands of dollars of free upgrades that many builders are now offering. But interest rates will not remain this low forever. And the cost of building material and labor will also continue to increase. So what are you waiting for? A newly constructed home includes that intangible, but all-important extra: the peace of mind that comes from knowing that your new home meets the stringent requirements of the Uniform Building Code, the most widely used model building code in the U. S. This 1997 Code, which is the standard for all residential home builders, provides complete regulations covering all major aspects of building design and construction relating to fire, life safety and structural safety. As a result, new homes built according to these standards generally have lower insurance rates. New construction homes built according to these standards also have more open and free flowing floor plans thanks to the more structurally supportive building materials that have replaced pre-manufactured wall panels that divided the space in older homes into boxy little rooms. As a result of these new building products, new home builders are able to offer their customers contemporary floor plans with volume ceilings and interior space that is defined by arches and columns rather than interior walls. Finally, in addition to offering a solid return on your investment your newly built home will also provide you with money saving tax deductions. According to the National Association of Home Builders the average amount of mortgage interest homeowners deduct annually is $9,650 while the average deducted for real estate taxes is more than $3,000. These deductions, plus a low monthly mortgage payment made possible by the mortgage incentives currently offered by most builders is an unbeatable combination for people looking for a safe and steady return on their investment. Buy new and buy now. It’s the smart thing to do for people looking for equity, appreciation and money saving tax deductions. While some naysayers point to a softening of the new home market, the reality is that there has never been a better time to buy a new home. BuyNewBuyNow wants the consumer to know all the facts about new home ownership to help them make an educated decision when it comes time to make the biggest purchase of their life. We are here to help you make your home more than just a house. For more information on our mission please visit our website at www.buynewbuynow.org. Because of their common goals the Home Builders Association of Greater Chicago has endorsed BuyNewBuyNow.org "This is really an opportunity to make a difference in the marketplace," said Peter Schwartz, CEO of HBAGC. "Together we will be able to raise the awareness of our industry and ultimately increase new home sales. Our sum is truly greater than our parts." "We want consumers to know the key elements that make up the real advantages to buying new," said Chip Borkowski, president of BuyNewBuyNow.org. "We call it the New Home Advantage ™ and it is our objective to get homebuyers to recognize and appreciate all of the elements that make it beneficial to buy new and buy now." The mission of the Home Builders Association of Greater Chicago is to assist the Housing Industry in Chicagoland, the State of Illinois and the Midwest in serving the American Dream of home ownership. HBAGC currently has over 450 builder members including 80 of the top 100 Chicagoland builders and it is the third largest NAHB chapter in the nation. Find more details about the HBAGC at www.hbagc.com. BuyNewBuyNow.org is a group of like-minded builders committed to providing the best home for the fairest price. It is our goal to let consumers know what is really going on in the real estate market. We pride ourselves on the quality of our craftsmanship and the honesty of our word. BuyNewBuyNow wants the consumer to know all the facts about new home ownership to help them make an educated decision when it comes time to make the biggest purchase of their life. We are here to help you make your home more than just a house. For more information on our mission please visit our website at www.buynewbuynow.org. # # # Data based on independent research, sources available on request. For updated information please contact Buy New Buy Now at 630.782.8122 or nsmilgys@buynewbuynow.org. Submitted 9/8/2006 11:14:12 AMBack to Press Room |
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