Blog Updates from the CMBA

Tips to Stay on Budget When Building a New Home

July 2, 2018

Included features and custom options – It’s important to set your expectations in the beginning. A builder’s model home is often designed to highlight how a buyer can personalize the home, but most of the time, what you see in the model is either upgraded or perhaps even a designer option that may or may not be available. It’s important to know the difference between what features are included and what items have been upgraded to avoid being surprised when you go to contract or even during the building process. Read More.

Homeownership Can Bring Big Savings at Tax Time

June 11, 2018

Home owners who itemize their federal income tax deductions can deduct 100 percent of their mortgage interest payments on a first or second home, up to a maximum mortgage amount of $1 million. They can also deduct the interest paid on up to $100,000 of home equity loans. Read More.

Today’s Families Choosing Multigenerational Households

June 6, 2018

The growth of modern multigenerational households – which once began as a fall-out from millennials moving back home during the Great Recession – shows no signs of slowing down. Households are now choosing this option to address the needs of other generations as well, including health issues of aging parents and child care concerns of working parents. Read More.