12 October . 2018
Save on taxes – and 4 more great reasons to choose a quick move-in home in Elyson
This fall, Elyson offers a wide variety of new homes available for quick move-in, at prices from the low $200,000s to $700,000s and up.
One of the best financial reasons to buy a new home before the end of the year is to qualify for a homestead tax exemption starting in 2019. According to the Harris County Appraisal District, this provides a 20% optional homestead exemption to all homeowners. For example, if a home is valued at $300,000, the exemption will reduce its taxable value for Harris County taxes by $60,000, to $240,000.
Homeowners who qualify for a homestead exemption will also receive at least a $25,000 homestead exemption on the value of their home for school district taxes. Any other taxing entity may offer an exemption for up to 20% of the home’s value, according to HCAD.
In addition to saving on taxes starting in 2019, here are 4 more reasons to choose from Elyson’s wide selection of quick move-in homes.
A new home is better than a used one. By choosing a brand-new home ready for immediate move-in, you eliminate what many consider to be the number one reason for selecting a used home – that it already exists. See 7 more reasons why a new home is better.
It might cost more to wait. Now is a great time to buy because mortgage experts agree that a trend of rising interest rates has begun. For example, a one-point increase in the interest rate can cost as much as a car payment on a monthly basis. Over the life of a 30-year mortgage, it could add up to college tuition.
Enjoy our lifestyle right away. When you select a quick move-in home, you can start enjoying Elyson’s active, neighborly lifestyle right away, including festive holiday events.
Go green. Today’s new homes are much greener than homes built even a few years ago, and that’s great for both your budget and the planet. See our infographic for 6 reasons why choosing a new green home can save you money and provide a healthier living environment.
For more inspiration, enjoy photo and virtual tours of Elyson’s 15 fully furnished model homes. To explore available homes ready for immediate move-in or plans to build your dream home, visit our Homefinder.