The family-owned residential builder will match up to $8,000 for qualified first-time homebuyers and $6,500 for current homeowners who qualify for the extended tax credit. This extended program will make homeownership a reality instead of only a dream for many in the residential real estate market.
Rodrock Homes understands how to make a great deal even better for persons in the market for a new home in the greater Kansas City area. Not only will qualified buyers be able to take advantage of the tax credit being currently offered, but will also have that amount matched by the semi-custom builder in Johnson County, Kansas.
Brian Rodrock, president of Rodrock Homes, believes the extended home buyer tax credit will have significant positive impact on the real estate market. “We saw an increase in sales that we directly attribute to the first tax credit. Rodrock Homes is poised and ready to fully utilized this second one.”
There are exciting new options in this extended tax credit which were not a part of the highly successful first one earlier in the year. The income limits for a single person was raised to $125,000, while a married couple may now qualify with an income of $225,000. The amounts are $50,000 and $75,000 higher than the previous plan.
However, the benefit drawing the most attention is for those which currently own a home are now eligible for a tax credit. They are being included if they have lived in the home consecutively 5 of the past 8 years and used it as their principal residence.
With the match from Rodrock Homes, qualified first-time home buyers will have up to $16,000 and current homeowners $13,000 to use for their new home purchase. The new homebuyers will have the freedom to design how the matching funds are used; whether to add hardwood floors, upgrade the carpet or appliances, cover closing costs, buy down the interest rate, or just lower their monthly payment.