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Homeownership has many important benefits for millions of Americans across the country — including creating a sense of community, building wealth and providing financial security. Home owners should be aware of recent changes to the tax code that went into effect in 2018 with The Tax Cuts and Jobs Act, which passed in December 2017. Despite the changes, it’s important to remember that home owners can still take advantage of many tax incentives. MORTGAGE INTEREST DEDUCTION Home owners who itemize their federal income tax deductions can deduct 100 percent of their mortgage interest payments on a first and second home…
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Did you know that for every $1,000 in cost to the construction of a new home, 221 families in Spokane are priced out of building their own home? At Spokane Home Builders Association our mission is to create attainable housing options for our community. That is why we fight to minimize fees and regulations, so that we can help people realize their dream of building their own home. Not only that, but new home construction alleviates pressure on existing inventory, which is at historic lows in our community. Without enough new residential construction, existing homes remain occupied and rental markets…
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Home buyers have the choice of two types of houses on the market: resale or new. Home buyers planning to buy a brand-new house or condominium often cite energy efficiency, open layout, a warranty, and being able to select appliances, flooring, paint colors and other design elements as factors driving their choice. But builders say that buyers can be drawn to a new house for reasons that aren’t so obvious. Here are a few more benefits of a brand-new home that you may not see in the sales brochure. Building a Community Together A brand-new community is one of the…
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Any good organization is consistently asking itself, “why do we do what we do?” That driving purpose keeps one focused and motivated to achieve its purpose. For the Spokane Home Builders Association, we are constantly reminding ourselves that the success of our members and their contribution to the economic flourishing of our region moves us forward. YOU are why we exist. To accomplish our mission, three key functions guide our path: protect, promote, and educate. Within that framework sits our Government Affairs efforts, which primarily work towards the goal of protecting the residential construction industry from government overreach, unnecessary…
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