Ryzen Homes Blog

Ryzen Homes blog. Providing tips and information on building a new modular home or panelized home in Maine and New Hampshire.

2009 First Time Home Buyer Tax Credit

Monday, February 23, 2009
As we've mentioned in some of the previous posts, now is a great time to buy a new modular home or panelized home in Maine or Southern New Hampshire. And it's an even better time for first time home buyers? Why? Because first time home buyers can now qualify for an additional $8,000 tax credit. There are certain restrictions (income limits, effective dates, property eligibility requirements), but if you qualify for the credit it does not need to be repaid. To find out more about the tax credit, please visit http://www.federalhousingtaxcredit.com or click here.

Is Buying a New Home in Today's Economy a Good Idea?

Monday, February 23, 2009
The NAHB has some much-needed good news for homebuyers in an otherwise unpromising economy:

As a long-term investment, homeownership is still one of the best investments for individual households.

“Why” you may ask? After all, the headlines say the housing market is down and out, with defaults rising at an alarming rate, and mortgage markets so frozen that buyers can’t get a home loan at any price.

What buyers need to realize is that housing markets, like all markets, inevitably have their ups and downs. And homeownership has a track record that is virtually unmatched by any other purchase in terms of its real benefits.

Despite the turmoil in mortgage lending, if you have good credit, a job and steady income, you will find there is still plenty of mortgage credit to be had at good rates. For well-qualified buyers, rates are running at near historical lows.

Continue Reading...

Is it Better to Invest in the Stock Market Or Buy My First Home?

Monday, February 23, 2009
As a Maine and Southern New Hampshire modular and panelized home builder, we at Ryzen Homes feel that it's important to keep up on local and national home building news. Here's what the National Association of Homebuilders has to say on your best investment in the current economy:

Thanks to the concept of “leveraging,” purchasing a home is by far the best long-term investment. Leveraging means putting down a small amount of money to earn a big return.

For example, say you use that $10,000 to purchase a $250,000 home, and the house appreciates a modest 3 percent during the first year. That means after one year, the house would be worth $257,500 – a gain of $7,500. Your annual return on your $10,000 investment would be 75 percent.

By contrast, putting the same $10,000 in the stock market and posting a similar 5 percent gain would only net a $500 return on investment.

And as a home owner, your savings continue to grow in two ways. Every year, a greater portion of your monthly mortgage payment goes to the principal, reducing the overall loan amount. Second, your home appreciates over time, making it one of the very best financial investments. Continue Reading...

Why Now is the Right Time to Build New

Saturday, February 21, 2009
Given the current economy, it makes sense that many consumers are saving instead of spending. But it turns out that current economic conditions present an unique opportunity for new home buyers. According to CNNMoney.com, it's the best time in years to take your blueprint off the drawing board and construct it for real. There are a few different factors at work here -
1. Materials costs are coming down
2. New-home starts are declining, making contractors more competitive with their pricing
3. Many overextended developers are looking to unload vacant land for dirt cheap
Continue Reading...

Top Five Reasons to Build Modular

Saturday, February 21, 2009
1. Planning Stages in the Shortest Amount of Time.
That means close collaboration with Ryzen Homes on the drawing board and on site. It's in your best interest to see that you get the home you want, where you want it, when you want it, and at a price that meets your budget.

2. Completed Homes in Less Time Than Stick-Built Construction.
Because the site work and home construction can be completed simultaneously, it translates into shorter time frames, fewer financing charges, and happier homeowners.

3. Your Plans or Ours. 
Our construction methods allow you a broad range of design flexibility. Our full time Engineering Department utilizes Computer Aided Design (CAD) to design each home we build and for the home of your dreams.

4. More Sturdy Than Stick-Built Construction.
Because the building components are shipped as modules, their construction must be more durable than that necessary for on site buildings. Additionally, this makes a Ryzen Home ideal for the demanding conditions of a harsh New England climate.

5. Modular Construction Reduces the Possibilities of Cost Overruns.
You and Ryzen Homes agree on the cost of your home before it is constructed.
"Surprise costs" are virtually eliminated in the modular home building process. This is real expectation management!

For the complete list from our modular partner, New England Homes, please continue reading...