Ryzen Homes Blog

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

First Time Homebuyer Tax Credit Not Just For First Timers Anymore

Friday, November 13, 2009
Great news for homebuyers - the first time homebuyer tax credit set to expire 11/30/09 has been extended and expanded. The new buyer tax credit, which will be valid through 6/30/10, is more inclusive of higher income ranges and existing home buyers. Here are the highlights:

•  Existing Homeowners Are Eligible if they have lived in their primary home for 5+ years and are looking to purchase a new primary home.
•  Date Extension to include homes closing on or before 6/30/10.
•  First Time Homebuyers Still Receive Largest Credit of up to $8,000 or 10% of the purchase price, whichever is less.
•  Find out more

What does this mean for Ryzen Homes customers? That there has never been a better time to buy a new home! This buyer credit, combined with our current special offers means that you could be in a new home for as little as $105,600! So start shopping today and set up an appointment with Ryzen Homes to start the process of building your new home now.

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...