The Washington Examiner is reporting that Century Home Improvement is offering new $2,400 refurbished homes with new roofing, plumbing, and electrical upgrades for $7,600.
They are expected to ship out in November 2018.
This is a big deal because these new homes are usually the first home buyers get.
The previous homes were sold in 2016 for a price tag of $6,100.
The new homes, however, are much cheaper.
The $7K price tag is a drop in the bucket when you consider the current median home price in the US is $72,800.
So what is the deal?
Century Home Improvements is offering these new $7k homes at a significant discount to their 2016 prices.
The refurbished houses are expected in November.
This means that buyers can now make their move.
Buyers who have not yet bought their new home should get these new refurbished home for free and they will be able to apply for a $1,000 tax credit.
This tax credit will be applied to the buyer’s mortgage.
The rebate is available to buyers who have a $150,000 mortgage, which means that these new home buyers are getting $1K worth of tax credits.
The total price of the home is $7.5K less than what they paid in 2016.
The price of a new $5k home is currently $9,500.
This would leave buyers with $3,000 in taxes and fees.
Century Home Investments offers new refurbishment homes for $2K a pop, and the refurbished properties are only $7% more expensive than their 2016 price.
The difference is minimal but is a good deal.
If you’re looking to save on taxes and utility bills, it’s a great time to get a new home.
However, if you are a real estate investor looking to get more bang for your buck, this offer is definitely worth considering.
The cost savings on this deal are great, and it gives buyers some breathing room.
The tax credits are great too.
Buyer beware, though.
These new homes only last for two years.
You can’t apply for the tax credits once you buy them.
If they are sold, they can be bought back for a much lower price.
It’s worth checking out these refurbished and brand new homes.
If these refurbishments and new homes aren’t for you, the tax breaks on this offer will likely be enough to lure you in.