Thursday, July 29th, 2010
Whether you are a renter, a first time buyer or an empty nester searching for your retirement home, green real estate – an increasing trend in the real estate market – can save you money in the long run. While green real estate might cost you more upfront, you will certainly see a return on your investment with your reduced monthly bills. From community gardens to solar chimneys to geothermal heat and cooling systems, there are many ways in which your green real estate will help save the environment and your wallet.
For those who don’t know, under the Housing and Economic Recovery act signed by President Obama in 2009, many first-time borrowers were eligible for $8,000 homebuyer tax credits if they signed contracts by April 30 on a new property (the amount was $6,500 for home owners buying a new residence. ) It’s estimated that about 3 million people took advantage of the homebuyer tax credits nationwide, until last Friday, when the program expired. So now that these credits are no longer an option, does this mean the party is over for housing market recovery?
