The ENERGY START RATED Ponte Vedra from Executive Construction Homes. Featuring a grand master suite (which includes a walk-in shower with body sprays, rain head and hand held) beautiful kitchen with 8' island and custom cabinetry, open layout, expansive covered porch, Thermador Appliances, secondary bed/bath downstairs, large laundry with sink and built-in cabinetry throughout. Upstairs you will find a large loft and 2 additional bedrooms with a Jack and Jill bath and an unfinished secondary suite w/full bath. All on the serene park setting this community offers.
We have reported
many times that the American Dream of homeownership is alive and well. The personal
reasons to own differ for each buyer, with many basic similarities.
Eric Belsky, the Managing Director
Joint Center of Housing Studies at Harvard University
expanded on the top 5 financial benefits of homeownership in his paper - The Dream Lives On: the Future of Homeownership in America.
Here are the five reasons, each followed by an excerpt from the study:
1.) Housing is typically the one leveraged investment available.
“Few households are interested in borrowing money to buy stocks and bonds and few lenders are willing to lend them the money. As a result, homeownership allows households to amplify any appreciation on the value of their homes by a leverage factor. Even a hefty 20 percent down payment results in a leverage factor of five so that every percentage point rise in the value of the home is a 5 percent return on their equity. With many buyers putting 10 percent or less down, their leverage factor is 10 or more.”
2.) You're paying for housing whether you own or rent.
“Homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord.”
3.) Owning is usually a form of “forced savings”.
“Since many people have trouble saving and have to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings to another day.”
4.) There are substantial tax benefits to owning.
“Homeowners are able to deduct mortgage interest and property taxes from income...On top of all this, capital gains up to $250,000 are excluded from income for single filers and up to $500,000 for married couples if they sell their homes for a gain.”
5.) Owning is a hedge against inflation.
“Housing costs and rents have tended over most time periods to go up at or higher than the rate of inflation, making owning an attractive proposition.”
We realize that homeownership makes sense for many Americans for an assortment of social and family reasons. It also makes sense financially. If you are one of the many considering a purchase this year, let's get together to discuss your options!
Executive Construction Homes
As a new home builder serving the Columbia, Irmo, Elgin, Fort Jackson, Lexington and surrounding areas in SC, Executive Construction Homes has been building value and distinction since 1989. Specializing in custom homes for homeowner designed homes on their home-site from the 300’s to $3,000,000, Executive Construction Homes also builds in communities from the $120’s-$500,000’s. Bring your plan, ideas or use ours...our in house draftsman and designers are here to help.