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Archive for January 2010

The B.O.L.D. Difference

Guaranteed Energy Star: The B.O.L.D. Company has made the commitment to construct 100% of our homes to Energy Star Standards, and have been building Energy Star homes since 2001. We also have the expertise to certify your home through the Green Build Kentucky verification program. Barrier Free Design: Whether your needs are immediate or you…

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Home Buyer Tax Credit Facts

The Federal home buying tax credits have expired but review the two Kentucky programs still available. Contact us for more information.   The New Home Tax Credit is a nonrefundable credit, up to $5000, against individual income tax allowable to a qualified buyer, provided a cap of $25,000,000 for all approved New Home Tax Credits…

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Houses Sizes Shrink, But Some 'Must Haves' Remain

Houses are getting smaller, according to data released last week by the National Association of Home Builders. The association said that the average size of a new home in 2009 was 2,480 square feet, down from 2,520 square feet in 2008. “The era of easy money is over. You really have to think before you…

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Your Home's Components Do Not Last Forever

Many aspects of a home last little more than a decade. Home buyers should be especially vigilant about inspecting these household components because they have a relatively short lifespan, says the National Association of Home Builders. Aluminum roof coating: 3-7 years Enameled steel sinks: 5-7 years Security systems: 5-10 years Carpet: 8-10 years Smoke detectors:…

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6 Surprising Facts About the Buyer Tax Credit

The homebuyer tax credit is not as simple or straightforward as you might think. Here are some nuances that will affect homebuyers who plan to use it. To qualify for the move-up tax credit, a home owner must have occupied the same principal residence for five of the last eight years consecutively. Buyers can elect…

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10 Cities Where it is Smarter to Buy Your Home

For people who want to own a home, the premium to buy—the spread between what they’d spend to rent and what they’d pay for a mortgage—is much lower than the 15-year average in many cities. To determine what cities are smart buys, Forbes magazine computed the premium and also identified locales where economists predict home…

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Tax Credit is Encouraging Buyers to Shop Early

The homebuying season is starting early this year, thanks to the expanded first-time and move-up homebuyer tax credit. Typically, the busiest time for home shopping starts in March and continues through May, but this year buyers who want to take advantage of the tax credits have to have a signed contract by April 30 and…

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Housing Economists: Sales Are on the Rise

The housing recovery should gain moment in 2010, but the improvement will still be slow, according to a panel of economists speaking at the International Builders Show in Las Vegas. “It won’t be a strong recovery, but it will be a recovery,” said David Crowe, chief economist for the National Association of Home Builders. Crowe…

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Home Buyers Face Tax Credit Delays

Home buyers who purchased a property after Nov. 6, 2009, when the extension and expansion of the first-time and move-up home buyer tax credit took effect, have reportedly been unable to get their rebates or even file for them because paperwork isn’t available. Robert Dietz, an economist with the National Association of Home Builders, says…

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