THERE HAS NEVER BEEN A BETTER TIME TO OWN YOUR OWN HOME!

Are you still wondering if now is the time to own your home?

At Siracusa Homes, we understand that purchasing a new home is the most important purchase you will make. There has never been a better time than now to make that most important purchase...a new Siracusa home. Interest rates are at an all-time low, prices are low, and with the extension of the first time homebuyers tax credit up to $ 8,000 and the new current homeowners tax credit up to $6,500 you have quite an incentive to venture into the new home market. And that’s just one of many reasons to make a move to buy a new home now! Act NOW, as the new credits are only valid with new homes under contract by April 30, 2010!!!

Here is a list of more reasons to own your own home compiled by REALTOR.com:

7 Reasons to OWN Your Home

1. Tax breaks. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, as well as some of the costs involved in buying your home.

2. Appreciation. Real estate has long-term, stable growth in value. While year-to-year fluctuations are normal, median existing-home sale prices have increased on average 6.5 percent each year from 1972 through 2005, and increased 88.5 percent over the last 10 years, according to the NATIONAL ASSOCIATION OF REALTORS®. In addition, the number of U.S. households is expected to rise 15 percent over the next decade, creating continued high demand for housing.

3. Equity. Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity ownership interest in your home.

4. Savings. Building equity in your home is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax.

5. Predictability. Unlike rent, your fixed-mortgage payments don’t rise over the years so your housing costs may actually decline, as you own the home longer. However, keep in mind that property taxes and insurance costs will increase.

6. Freedom. The home is yours. You can decorate any way you want and benefit from your investment for as long as you own the home.

7. Stability. Remaining in one neighborhood for several years gives you a chance to participate in community activities, lets you and your family establish lasting friendships, and offers your children the benefit of educational continuity.

If you are currently renting, the Buy vs. Rent Calculator is a great tool to use to calculate the incredible savings you achieve by owning your own home instead of renting.

It’s a buyer’s market right now with some of the best financing programs and building incentives there has ever been. Siracusa Homes gives families the opportunity to build their dream home at an affordable price with homes starting at just $ 89,900! From starter homes to expansive custom homes, Siracusa Homes has a home for every family! Feel free to call one of our sales representatives at 609-645-0400 with any questions and start your new home purchase today!