We are in a housing crises. Many hard working single and two income families can not afford a home. They are faithfully paying rent that could service a mortgage for a modest starter home or condo. A down-payment and affordable starter home are the roadblocks to ownership. Home ownership is often the most important financial investment a family can make. Ownership gives a family financial and physical security. A home grounds and grows a family acting as backdrop and center of family activity. America needs stable and prosperous families. What is good for families is good for our neighborhoods, cities, states and county.
Hopefully the $7,500 tax credit helps these first time home buyers live the American dream. The incentive even includes people who have had a home before but, not for the last three years. To find out more go to Housing tax credit.
Land prices and zoning can be an obstacle to ownership. A city lot zoned for two or more dwellings can cut the land cost to a fraction of the cost of a single family home. As easy as that sounds it does require a little extra planning. Developers normally take the risk of selling on spec. Do you have to be a developer to build a cottage community or a duplex? No.
Where do you find partners for a micro development?
A group of friends, clubs, church, school, work, networking, craigslist or add in the newspaper.
How do you handle the relationship of these partners?
An attached condo or a detached condo. Here are some legal forms for condos.
I am doing my part as well to help home buyers. I am offering a 20% discount on all stock plans through Plansandprints.com to first time home buyers, military and disaster victim's. Contact me prior to ordering to receive discount.
Hopefully the $7,500 tax credit helps these first time home buyers live the American dream. The incentive even includes people who have had a home before but, not for the last three years. To find out more go to Housing tax credit.
Land prices and zoning can be an obstacle to ownership. A city lot zoned for two or more dwellings can cut the land cost to a fraction of the cost of a single family home. As easy as that sounds it does require a little extra planning. Developers normally take the risk of selling on spec. Do you have to be a developer to build a cottage community or a duplex? No.
Where do you find partners for a micro development?
A group of friends, clubs, church, school, work, networking, craigslist or add in the newspaper.
How do you handle the relationship of these partners?
An attached condo or a detached condo. Here are some legal forms for condos.
I am doing my part as well to help home buyers. I am offering a 20% discount on all stock plans through Plansandprints.com to first time home buyers, military and disaster victim's. Contact me prior to ordering to receive discount.
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