10 More Space
Kids, pets, hobbies, in-laws. No explanation necessary.
9 Energy Efficient
Today's new homes are increasingly energy-efficient and are constructed with resource conserving materials and techniques to save you money.
8 Cool Amenities
Gourmet kitchen, mini-spa bathroom, home theater. You want it, you got it! It's all about you.
7 Leverage Pays
Earn returns based on the total value of the property. Plus you get to live there! What's not to like?
6 Build Equity
College expenses, consumer goods, retirement. Your 401K should be so useful.
5 Low Financing
Interest rates currently near historic lows.
4 Great Selection
2 and 3 bedroom plans or we'll help you design your own. Daylight, view out, split, ranch, multi level, and varying price points. Remember IT'S ALL ABOUT YOU!!!
3 Tax Breaks
Your kindly Uncle Sam know homeownership benefits the nation and encourages it through deductions for mortgage interest and state and local property taxes.
2 More For Your Money
The Builder offers the most desirable floor styles and floor plans, the latest state of the art interior/exteriors components and quality of life features.
1 Time is Right
Wichita economy is stable, strong and growing. Investing in a new home now equals benefits now and in the future.
Find yourself sitting around thinking I'll never be able to purchase a New Home? Don't feel alone. With the 24/7 broadcasting of doom and gloom about the Credit Crunch is enough to make all of us want to crawl into bed and hide under the covers.
First thing you need to do is get a clear assessment of where you are. Knowledge is power and I want to help you gain that power back. Maybe you have a few late pays, collections, you’re buried in credit card debt, or you have never established credit. You CAN and WILL overcome all of these if you’re willing to do the work, but you need to work smart.
Make an appointment today 316.729.3736. Together with the help of a Loan Officer we will go over your concerns and layout a game plan to help make you successful.
Sometimes all it takes is a few short months. So let's get you started down the right path to SUCCESS.
Denise M Gray
Trinity Point New Home Community Representative
Coldwell Banker Stucky & Associates
After a long wait we have our Playground. This was installed a few weeks ago but I haven't been able to get a picture of it without all the neighborhood kids all over it. Some days there are so many kids playing they look like ants on a pile of sugar.
If you're looking for a New Home and a place for your kids to burn off some energy stop by Trinity Point.
There has been a lot of talk and speculation about the Homebuyer Tax Credit. Now that it has been signed into law the speculation might end. The table below should answer the majority of questions you may have.
If you have any other questions please contact me.
FIRST-TIME HOMEBUYER TAX CREDIT
As Modified in the American Recovery and Reinvestment Act
Copied From the Web Site of
National Association of REALTORS®
Major Modifications Italicized
February 2009 FEATURE | CREDIT AS CREATED JULY 2008 APPLIES TO ALL QUALIFIED PURCHASES ON OR AFTER APRIL 9, 2008 | REVISED CREDIT – EFFECTIVE FOR PURCHASES ON OR AFTER JANUARY 1, 2009 AND BEFORE DECEMBER 1, 2009 |
Amount of Credit | Lesser of 10 percent of cost of home or $7500 | Maximum credit amount increased to $8000 |
Eligible Property | Any single family residence (including condos, co-ops, townhouses) that will be used as a principal residence. | No change All principal residences eligible. |
Refundable | Yes. Reduces (or can eliminate) income tax liability for the year of purchase. Any unused amount of tax credit refunded to purchaser. | No change Purchasers will continue to receive refund for unused amount when tax return is filed. |
Income Limit | Yes. Full amount of credit available for individuals with adjusted gross income of no more than $75,000 ($150,000 on a joint return). Phases out above those caps ($95,000 and $170,000). | No change Same income limits continue to apply. |
First-time Homebuyer Only | Yes. Purchaser (and purchaser’s spouse) may not have owned a principal residence in 3 years previous to purchase. | No change Still available for first-time purchasers only. Three-year rule continues to apply. |
Revenue Bond Financing | No credit allowed if home financed with state/local bond funding. | Purchasers who utilize revenue bond financing can use credit. |
Repayment | Yes. Portion (6.67% of credit or $500) to be repaid each year for 15 years, starting with 2010 tax filing. | No repayment for purchases on or after January 1, 2009 and before December 1, 2009 |
Recapture | If home sold before 15-year repayment period ends, then outstanding balance of repayment amount recaptured on sale. | If home is sold within three years of purchase, entire amount of credit is recaptured on sale. Applies only to homes purchased in 2009. |
Termination | July 1, 2009 (But note program changes for 2009) | December 1, 2009 |
Effective Date | Purchases on or after April 9, 2008 and before January 1, 2009. Repayment to begin for 2010 tax year. | All revisions are effective as of January 1, 2009 |
There has been a lot of talk and speculation about the Homebuyer Tax Credit. Now that it has been signed into law the speculation might end. The table below should answer the majority of questions you may have.
If you have any other questions please contact me.
FIRST-TIME HOMEBUYER TAX CREDIT
As Modified in the American Recovery and Reinvestment Act
Copied From the Web Site of
National Association of REALTORS®
Major Modifications Italicized
February 2009 FEATURE | CREDIT AS CREATED JULY 2008 APPLIES TO ALL QUALIFIED PURCHASES ON OR AFTER APRIL 9, 2008 | REVISED CREDIT – EFFECTIVE FOR PURCHASES ON OR AFTER JANUARY 1, 2009 AND BEFORE DECEMBER 1, 2009 |
Amount of Credit | Lesser of 10 percent of cost of home or $7500 | Maximum credit amount increased to $8000 |
Eligible Property | Any single family residence (including condos, co-ops, townhouses) that will be used as a principal residence. | No change All principal residences eligible. |
Refundable | Yes. Reduces (or can eliminate) income tax liability for the year of purchase. Any unused amount of tax credit refunded to purchaser. | No change Purchasers will continue to receive refund for unused amount when tax return is filed. |
Income Limit | Yes. Full amount of credit available for individuals with adjusted gross income of no more than $75,000 ($150,000 on a joint return). Phases out above those caps ($95,000 and $170,000). | No change Same income limits continue to apply. |
First-time Homebuyer Only | Yes. Purchaser (and purchaser’s spouse) may not have owned a principal residence in 3 years previous to purchase. | No change Still available for first-time purchasers only. Three-year rule continues to apply. |
Revenue Bond Financing | No credit allowed if home financed with state/local bond funding. | Purchasers who utilize revenue bond financing can use credit. |
Repayment | Yes. Portion (6.67% of credit or $500) to be repaid each year for 15 years, starting with 2010 tax filing. | No repayment for purchases on or after January 1, 2009 and before December 1, 2009 |
Recapture | If home sold before 15-year repayment period ends, then outstanding balance of repayment amount recaptured on sale. | If home is sold within three years of purchase, entire amount of credit is recaptured on sale. Applies only to homes purchased in 2009. |
Termination | July 1, 2009 (But note program changes for 2009) | December 1, 2009 |
Effective Date | Purchases on or after April 9, 2008 and before January 1, 2009. Repayment to begin for 2010 tax year. | All revisions are effective as of January 1, 2009 |
Three important aspects you need to look at when purchasing new construction are Specials, HOA, and Restrictive Covenants. These will vary in each New Home Community you look at.
These will have a direct impact on your monthly payment and life style.
Special Assessments pay for the improvements (streets, water, sewer, retention ponds, drainage sloughs, ect.) to a New Home Community. There are many variables that can cause Specials in some Communities to be higher than others and this will directly impact your monthly payments. Lower Specials will allow you to purchase more home or achieve a lower monthly payment. In regards to No Specials you should check if they have been added to the cost of the home site. Specials generally last for 15 or 20 years depending on the overall cost for improvements.
HOA (Home Owners Association) are normally in place to provide a source of income for the up keep of common areas (swimming pools, tennis courts, play ground areas, entry signs, retention ponds, ect). Not all Communities have HOA’s.
Restrictive Covenants are common in New Communities. Some areas are more restrictive than others so ask for a copy before purchasing to make sure they fit your lifestyle.