According to a recent report by Lending Tree, the average down payment on a home is 12.29%. However, buyers in some states are putting down even more money for their home purchases. In New Jersey, buyers made average down payments of 13.71%. Meanwhile, buyers in North Dakota put down an average 11.34%, the lowest in the country.
Demand for green-home construction and remodeling is growing fast, despite an uncertain economy, according to a recent survey by the National Association of Home Builders. Green homes comprised 17% of the overall residential construction marketing in 2011, and that rate is expected to reach 29% to 38% by 2016.
Here’s our team’s ad from the latest issue of the Ventana Monthly magazine ad!
Two IRS tax credits for home energy improvements:
The Non-business Energy Property Credit: Homeowners who improve the energy efficiency of their homes, including adding insulation, energy-efficient exterior windows and doors and certain roofs, can receive a tax credit of up to $500. The credit is based on 10% of the item’s cost. Quality improvements must have been made before January 1, 2012.