Herrington Classic Homes Participates in the Cape Fear Habitat for Humanity Builder Blitz

During the week of June 1-8, 2012, Herrington Classic Homes teamed up with the Cape Fear Habitat for Humanity for the 2012 Habitat Home Builders Blitz. The Builders Blitz is a nationwide initiative to build or renovate more than 200 homes in one week. Locally, Cape Fear Habitat for Humanity partnered with six local homebuilders to build five houses in one week.

Herrington Classic Homes, along with Horizon Homes and Clark Carolina Construction, was responsible for the construction of 2 of the 5 homes being built at the Cottages in Cornerstone on Prices Lane in Wilmington, NC. Due to the importance of the Builder Blitz project, Craig Johnson and Herrington Classic Homes dedicated the entire workweek, plus over 9 months of preparation towards this initiative.

Herrington Homes wants to thank their trade partners that helped with this initiative by donating their time and talents. They include Steve Milligan Framing, Johnson Drywall, Hollingsworth Cabinetry, Bluewater Flooring, AC/DC Electric, Stroke of Color Painting, Carolina Building Products, and Risley Padula Construction. Even though the rain came down for much of the week and the working hours were long, Herrington Homes is grateful to have participated in this important project, building quality homes for families in need.

Homes Forecast

Homeownership comes with a wonderful host of benefits. But did you know that it can also save you money on your taxes?

According to the National Association of Realtors, numerous deductions and credits are available for homeowners. These include capital gains and mortgage interest deductions, as well as credits for energy-efficienct upgrades.

To get the latest information on energy credits for this year’s tax return, visit EnergyStar.gov. You may be able to deduct portions of improvements on everything from windows and doors to water heaters.

Why do homeowners get such special treatment? For starters, the NAR reports that “home owners pay 80-90 percent of all U.S. federal income taxes.”

And the credits and deductions don’t just benefit wealthy homeowners.

Ninety-one percent of home owners who claim the mortgage interest deduction earn less than $200,000 a year, and the ability to deduct the interest paid on a mortgage can mean significant savings at tax time. For example, a family who bought a home in 2010 with a $200,000, 30-year, fixed-rate mortgage, assuming an interest rate of 4.5 percent, could save nearly $3,500 in federal taxes when they file this year. (NAR)

NAR President Ron Phipps says that homeownership has many positive impacts. “Recent proposals to reduce or eliminate the mortgage interest deduction and remove government support of the housing finance market could have disastrous consequences for the economy, not to mention making it harder or nearly impossible for millions of families to own their own homes. We believe America must continue to invest in home ownership, for the future of our families and our nation.”

Wilmington New Homes

New homes are at record affordability with builders putting there best foot forward and keeping their margins to bear minimums. These are the reasons that a home shopper should buy now and buy new. You can custom tailor you home to your specifications when buying new and also get the best pricing for new homes that are out there.  As the market heats up (and there is only one way for pricing to go and that is up) is the reason to BUY NOW and BUY NEW.

Please visit our website to find out more about Herrington Homes. Please also take a moment to register on line. This way we will add you to our monthly newsletter so you can stay informed as to what is going on at Herringotn. I strongly encourage you to visit our new model home located in Wilmington, North Carolina’s beautiful Autumn Hall Community. We are 1 1/2 miles from Wrightsville Beach which is one of the best beach’s on the east coast.