Housing Tax Credits

The Time is NOW!

The recent economic stimulus package has created important financial incentives for purchasing or improving the efficiency of a home.  The first part of the package is an $8,000 Housing Tax Credit that is available to those folks who are single or married and haven’t owned a house in the past three years.   If you fit those criteria (or if you know someone who does) then this is the year to get in the market and purchase a primary home.

The tax credit does not need to be repaid as was required with previous tax credits.  If your tax liability is less than this incentive, then you will be issued a check.

This financial incentive will be a great tool for the new homeowner to make improvements to their property.  This is the year to make the move.  We would be pleased to help you find the right property to call home.  There are some excellent opportunities in this market.  With the abundance of available property, you will be able to choose the property that fits your own criteria. 

The second part of the package is the Energy Efficient Housing Tax Credits which will provide 30% tax credit (up from 10%) for the purchase of new furnaces, windows, and insulation.  There are also credits for weatherization, wind and solar.

If you have additional questions, or are ready to get started, please give us a call or drop us an email.  If you would like to research this further, you will find lots of helpful information at:  http://www.federalhousingtaxcredit.com/2009/faq.php

Great first homes: 

            Chester                           Cavendish                       Cavendish                        Cavendish

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