There has never been a better time to purchase a new home in Atlanta! If you are considering buying a new home soon, here are some great reasons to purchase a new home before the end of 2017!
- Winter is typically a non-traditional time to buy a home. What does this mean for you? It means that many homebuilders are offering fantastic incentives, such as contributing towards closing costs or even dropping home prices!
- You can accrue substantial tax benefits when you purchase a home. Homebuyers are eligible to reduce their taxable income by the amount of interest paid on the home loan. This can save you thousands of dollars a year!
- Mortgage rates remain low, but they are rising nonetheless. The rate on a 30-year loan dropped to 3.55% in August 2016 and has risen since. Today, the rate is hovering around 4%, and mortgage analysts predict it could rise to 6% by 2019 or 2020. While one or two percentage points, may not seem like a lot, the effect is substantial on your buying power. Depending on the purchase price, this may increase your monthly payments by hundreds of dollars!
- The Atlanta home market is growing and becoming more competitive. New jobs, excellent schools, and terrific weather continue to attract new residents from across the country. The Atlanta Regional Commission forecasts that the Atlanta region will add 2.5 million people and 1.5 million jobs by the year 2040! As the population grows, inventory will shrink and the demand for housing will increase.
If you are looking for a new home in Atlanta, Labb Homes invites you to visit our beautiful new communities in Gwinnett and Jackson Counties! Labb Homes has been building quality new homes in Atlanta for over 30 years. For more information on our communities and available homes, visit us online at MyLabbHome.com. To keep up-to-date on the latest news and offerings by Labb Homes, check us out on Facebook!
Source: Realtor.com, RisMedia.com
