The New Year of 2011 is upon us, and I couldn’t be happier! Even the media is spreading positive news about the housing industry. Here’s one example:
The time is now to buy a new home. Not just because fixed interest rates are historically low and rising, Not just because costs are going up and not yet being passed on to the consumer. Not just because of great incentives and selections of brand new homes at www.OleSouth.com.
Buying a new home offers many tax advantages for those that can itemize expenses. Your closing costs are deductible. Your property taxes are deductible..and the list goes on. Here is a list of 2011 tax tips. Pay special attention to #4!
If you weren’t able to purchase a new home in time for Christmas, inking a contract before the New Year could be the next best thing!