Build Equity Faster and Pay Lower Taxes With A New Home

Buying a new home will help you build equity faster and pay lower taxes compared to buying a used home. New homes help you build equity faster because you don’t have to spend as much money on maintenance and repairs. Owners of newly built homes generally pay lower taxes over the first two years as well.

Build Equity Faster

Owners of newly built homes can save up to 15% on homeowner’s insurance and their homes have higher resale value and appreciate more than used homes.

The expensive systems in a new home such as HVAC, plumbing and electrical, as well as kitchen appliances, are new and under warranty so there’s no worries about spending large amounts of money on replacing them.

A 10-year-old home can cost as much as 580% more in annual maintenance and improvement than a newly built home. It’s hard to build equity in a home if you have to replace expensive systems and appliances.

Average cost to replace these common items:

  • Roofing: $15,000
  • HVAC System: $5,000
  • Kitchen Appliances: $2,500
  • Water Heater: $2,000

Lower Taxes

According to NewHomeSource.com, owners of newly built homes generally pay lower taxes over the first two years. In addition, home owners in general can deduct their mortgage interest from their taxes.

The Tax Benefits of Home Ownership in 2018 page at MortgageCalculator.org has quite a bit of information on deducting mortgage interest and states that “In the new tax bill for 2018 interest paid on HELOCs and home equity loans is no longer tax deductible, while interest on up to $750,000 of mortgage debt still is.”

Lower Closing Costs

Many home builders work with lenders to reduce or eliminate closing costs for their home buyers. McKee Homes will pay closing costs up to 1.5% of the sales price when using one of our preferred lenders.

Conclusion

Because you can build equity faster and pay lower taxes, and in many cases pay lower or no closing costs, it makes sense to buy a new home as one of the best investments in your family’s future

The post Build Equity Faster and Pay Lower Taxes With A New Home appeared first on McKee Homes Blog.


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The Triangle Walk to End Alzheimer's is THIS WEEKEND, and there is still time to register and donate to this amazing cause!

Join Team McKee this Saturday, October 9th to help the Alzheimer's Association achieve its vision of a world without Alzheimer's 💜

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Don’t forget to register and donate to the Fayetteville Walk on Saturday, October 30th! Visit the link in our bio for more info 💜
McKee Homes is excited to announce that we have TWO beautiful homes featured in this year's Triangle Parade of Homes! 

The Parade starts TOMORROW! Join us during the next three weekends from 12PM-5PM🏡

Jordan A Floorplan 
▪Johns Pointe Community - Raleigh, NC
▪3729 Putnam Road

Pullen Floorplan 
▪Townes at Gateway Commons Community - Wake Forest, NC
▪509 Gateway Townes Blvd. 

Check out the third image for more information! This event is free and open to the public, and we can't wait to see YOU there!
She said YES to the address! 🏠

Join us in welcoming Fairfield Farms newest homeowner! With another #LifeChangingMoment in the books, we hope your beautiful new home brings you years of memories. 

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THANK YOU to everyone who joined Team McKee and The Alzheimer’s Association yesterday at the Moore County Walk to End Alzheimer’s! 💜

Together, we are working towards a world without Alzheimer’s. 

If you missed out on this special event, there’s still time to donate and register for our other three regional walks! Visit the link in our bio for more information 💜
McKee Homes Triangle Walk to End Alzheimer’s Kick Off Party yesterday at our Summerwind Community was a SUCCESS! 

Sending a big thank you to the Cleveland Fire Dept, McKee Homeowners, trade partners, and the Summerwind Homeowners Association for making this amazing event happen! 

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Join us THIS WEEKEND for the grand opening of our newest coastal community, Colbert Place! 

Enjoy sweet treats and exclusive tours of this beautiful new community in Leland, where you can enjoy historic downtown shops, the popular Riverwalk, your favorite seafood restaurants as well as some of the best beaches in North Carolina.

This event is free and open to the public, we can't wait to see you there! For more event information, visit the link in our bio!
McKee Homes is excited to announce that we have TWO beautiful homes featured in this year's Triangle Parade of Homes! 

Jordan A Floorplan 
▪Johns Pointe Community - Raleigh, NC
▪3729 Putnam Road

Pullen Floorplan 
▪Townes at Gateway Commons Community - Wake Forest, NC
▪509 Gateway Townes Blvd. 

Swipe 👉 for more information! This event is free and open to the public, and we can't wait to see YOU there!