Nationwide, home building companies are attempting to find new ways to provide more affordable homes to the multitudes of prospective buyers who are starting to form new households or are currently renting. They are providing smaller lots and smaller homes in less developed areas, and fewer bells and whistles, for sure, but also innovative financing programs and warranties ensuring there will be none of the surprise costs that so often come with existing homes. But builders are also looking to shoulder their share of the costs. Sixty-one percent of this year’s survey respondents said their biggest opportunity in 2018 lay in operational efficiencies. Companies that act to trim their expenses and implement more efficient methods of construction should be able to offer lower prices and, perhaps, see additional profit, as well. See the complete list here.
Should you buy or rent? This is a question most of us will likely face in our lives, whether buying a house makes more financial sense than renting a home. There is a way to understand the financial impact of buying vs. renting.
Tax Benefits of Home Ownership
Buying real estate means you get to take advantage of tax breaks, such as deducting the interest you pay on your mortgage loan. Homeowners receive a statement from their lenders by the end of January, Form 1098, with the amount of mortgage interest paid during the previous year, which is often deductible. Homeowners may also deduct annual real estate taxes paid based on the assessed value of their property, and certain energy-efficient home improvements (such as installing energy-efficient heating and cooling systems, certain roof replacements, windows and doors, and other improvements). These deductions may vary from year to year, so check the IRS.gov website for the most up-to-date information regarding tax breaks for homeowners.
Long-Term Homeownership Builds Equity
Homeowners pay monthly mortgage payments, gradually reducing the principal mortgage amount over time. In general, real estate increases in value over time, so homeowners build equity and increase their stake of ownership in the property with every payment. That means that when they sell the home, they will get enough money to pay off their loan, and earn a little extra that they can use to purchase their next home. In contrast, renters still make a monthly payment, but these funds do nothing to contribute to the renter’s long-term wealth.
Northwest Albuquerque Gated Community. Valle Vista is one of the last opportunities for a gated community in Northwest Albuquerque. This quaint neighborhood is adjacent to Tony Hillerman Middle School, Volcano Vista High School and the APS Soccer Complex. Easy access to Paseo del Norte and fantastic Sandia Mountain views from the neighborhood. Call Renee at (505) 385-9285 or see more by clicking here.
We just wanted to share our awesome experience while building our Twilight Home. Our sales associate, Pauline Hansen, was there for us every step of the way. From the initial contract signing to the final walk through and a million times in between she was always there to answer a question or to provide us with her expertise. Dominic Torres was our construction supervisor and also provided us with quality service. He is knowledgeable and also made himself available to answer any question we threw at him and there were many. Our home is everything we wanted and more. We could not be more happy with our decision to choose Twilight as our builder. They provide a quality product and are represented by quality people. We would choose Twilight again in a heartbeat.
Angie & Wes
Did you know that your new Twilight Home comes with a pest control system built into the walls? That’s right, we are fighting insects from the inside out. Just one more great benefit of a brand-new home by Twilight.
Joya Escondida is Albuquerque’s hidden jewel. Nestled near downtown, this gated community is just walking distance (.75 mile) from the Rio Grande Bosque Open Space. Joya Escondida provides quick access to the Zoo, Botanic Gardens, Old Town, and is across the street from the new Valle Vista elementary school. Enjoy living among large cottonwoods with easy access to everything you need in town. Click here to see all of the great home designs offered in Joya Escondida.
Come take a walk-through on four of our more popular floor plans. You can now take a self-guided tour through The Orion (1,818 s. ft.), The Laguna (1,332 s. ft.), The Peralta (1,691 sq. ft.) and The Trigo (2,181 sq. ft.). You can view the growing collection of virtual tours here.
Did you know we build in Santa Fe? The thriving community of Cielo Azul has been very popular and our newest neighborhood, La Potencia, is selling now. Call José at (505)450-2861 or see more at http://twilighthomesnm.com/cielo-azul-2/
The Orion is our 1,818 square foot floor plan featured in three Twilight Homes’ communities. It is one of our most popular floor plans to date. The open plan maximizes space making it feel and live like a larger home. You can take a virtual tour of the plan by clicking here .
Communities featuring the Orion include:
The public is invited Saturday, July 15 and Sunday, July 16th to Albuquerque’s newest gated community, Joya Escondida. Joya translates to “jewel” in Spanish and this neighborhood is a true jewel. Nestled among mature cottonwood trees and adjacent to the west bosque of the Rio Grande river, it offers new living in an established and historic part of the city. Prices start at $174,990 and floor plan designs range from 3 bedroom, 4 bedroom and 5 bedroom options.
The grand opening will feature a brand new, fully furnished model home, free food, kids entertainment and some great prizes. Everyone who attends can grab a free raffle ticket and is will be included in the drawings.
The event is from 10am to 3pm on both Saturday and Sunday. From Central Ave, follow the signs south on either Sunset Rd or Atrisco Rd. From there turn onto Sunset Gardens and follow the signs to the front gates of the neighborhood.