Builder Spotlight Vol 11

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Once upon a time, a company was created with the vision to provide a family the foundation for all they do — The Home. A place where family grows together, laughs together, and works through all life’s challenges together. From reading storybooks to your children to sharing holidays with your family and friends; the home is the foundation of it all. This is why Storybook Homes was created.

No detail is left to chance. We have selected new home communities in the most desirable neighborhoods, design homes the way families live in them, and offer each home at the best value possible. This year Storybook has multiple new locations opening with brand new floor plans including our newest location, Enchanted. This community is located in the heart of Green Valley and features 3 brand new floor plans that cater to all buyer profiles.

The principals of Storybook Homes, Wayne Laska and his wife Catherine have spent the last 23 years raising four children of their own. For almost 18 years, Wayne was a member of a very successful homebuilding team that was able to provide over 21,000 quality homes and has built over 1,000 homes for families all over the Las Vegas Valley. In 2015 Storybook was awarded the homebuilder of the year award by the Southern Nevada Home Builders Association.

In an effort to diversify, Storybook Homes is branching out into the multifamily-model with their new project, “The Mercer”. The Mercer will be a four-story apartment community that is strategically located in the desirable southwest Las Vegas Valley. It offers resort-style amenities, a secure and enclosed parking structure, elevators to each level, and future integration with onsite retail and services.

Storybook Homes knows very well how important the home is to your family and stands firm on the leading principle that the family is the number one priority. Here at Storybook Homes our philosophy is simple: to build a home of the highest quality and provide each one of our buyers with outstanding customer service.

View From the Top Vol 11

SIX REASONS TO PURCHASE A HOME IN 2016

Is it really 2016 already? For those of you who happen to be planning on buying a home in the new year — or even just trying to — there’s a whole lot to celebrate. Why? A variety of financial vectors have dovetailed to make this the perfect storm for home buyers to get out there and make an (winning) offer. Here are six home-buying reasons to be thankful while ringing in the new year:

Reason No. 1: Interest rates are still at record lows

Even though they may creep up at any moment, it’s nonetheless a fact that interest rates on home loans are at historic lows, with a 30-year fixed-rate home loan still hovering around 4%.

“Remember 18.5% in the ’80s?” asks Tom Postilio, a real estate broker with Douglas Elliman Real Estate and a star of HGTV’s “Selling New York.””It is likely that we’ll never see interest rates this low again. So while prices are high in some markets, the savings in interest payments could easily amount to hundreds of thousands of dollars over the life of the mortgage.”

Reason No. 2: Rents have skyrocketed

Another reason home buyers are lucky is that rents are going up, up, up! (This, on the other hand, is a reason not to be thankful if you’re a renter.) In fact, rents outpaced home values in 20 of the 35 biggest housing markets in 2015. What’s more, according to the 2015 Rent.com Rental Market Report, 88% of property managers raised their rent in the past 12 months, and an 8% hike is predicted for 2016.

“In most metropolitan cities, monthly rent is comparable to that of a monthly mortgage payment, sometimes more,” says Heather Garriock, mortgage agent for The Mortgage Group. “Doesn’t it make more sense to put those monthly chunks of money into your own appreciating asset rather than handing it over to your landlord and saying goodbye to it forever?”

Reason No. 3: Home prices are stabilizing

For the first time in years, prices that have been climbing steadily upward are stabilizing, restoring a level playing field that helps buyers drive a harder bargain with sellers, even in heated markets.

“Local markets vary, but generally we are experiencing a cooling period,” says Postilio. “At this moment, buyers have the opportunity to capitalize on this.”

Reason No. 4: Down payments don’t need to break the bank

Probably the biggest obstacle that prevents renters from becoming homeowners is pulling together a down payment. But today, that chunk of change can be smaller, thanks to a variety of programs to help home buyers. For instance, the new Fannie Mae and Freddie Mac Home Possible Advantage Program allows for a 3% down payment for credit scores as low as 620.

Reason No. 5: Mortgage insurance is a deal, too

If you do decide to put less than 20% down on a home, you are then required to have mortgage insurance (basically in case you default). A workaround to handle this, however, is to take out a loan from the Federal Housing Administration — a government mortgage insurer that backs loans with down payments as low as 3.5% and credit scores as low as 580. The fees are way down from 1.35% to 0.85% of the mortgage balance, meaning your monthly mortgage total will be significantly lower if you fund it this way. In fact, the FHA predicts this 37% annual premium cut will bring 250,000 first-time buyers into the market. Why not be one of them?

Reason No. 6: You’ll reap major tax breaks

Tax laws continue to favor homeowners, so you’re not just buying a place to live — you’re getting a tax break! The biggest one is that unless your home loan is more than $1 million, you can deduct all the monthly interest you are paying on that loan. Homeowners may also deduct certain home-related expenses and home property taxes.

http://www.probuilder.com/six-reasons-purchase-home-2016?eid=253018236&bid=1265543