Did you know that there is a energy efficient tax credit available to owners of their primary residence?
For Sellers In this competitive market both Realtors and sellers need to make some decisions to make a property more appealing to today’s discerning buyer. In the end with all things being equal a buyer would want to buy a house with upgrades. This will give you the opportunity to get your next house faster than would be otherwise be possible. Estimates vary on the recapture of improvements from 50% to 90%. With the energy efficient Tax credit can recoup most if not all of the shortfall and you can sell your home faster.
For existing owners if you bought a foreclosure that’s just a few years behind on the upgrades you can an make those improvements and enjoy savings now . With energy prices increasing at a rate more than inflation this is a worthwhile investment in your home.
In addition to the Energy Efficient Tax credit you can in some areas of Texas take advantage of deregulated electricity market and the power to choose your provider can result in additional savings. Many providers are not only giving you lower rates but are offering free electricity and in some cases companies like Ambit are giving away free vacations. In the end you have to evaluate each providers offerings and if it makes sense for you to switch.
If neither of these options fit your situation many lenders such as ourselves offer Programs from FHA, VA and Conventional sources that allow you to finance 100% the the energy improvements into your loan. Feel free to call about more details on this option.
In the end using the energy efficient tax credit can make your utility bills take a smaller bite out of your budget or make your more more appealing to a prospective buyer and if you are buying you can make the improvements in AND get a tax credit for them.
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