More reasons to buy…

Among the many rewards of homeownership are potential tax benefits. If you are thinking about buying a home and the down payment assistance and tax credit are not enough you may want to consider the following additional ways you might benefit at tax time.

1. Mortgage Interest Payments – Monthly mortgage interest paid on primary and second homes that meet certain requirements may be deductible.
2. Real Estate Property Taxes – Property taxes for a primary residence or second home are generally deductible
3. Mortgage Insurance – Monthly mortgage insurance, also known as MI or PMI, is currently tax-deductible up to certain income limits.
4. Discount Points – If you pay points to lower your interest rate, they are generally tax deductible.
5. Home Improvements – You may be able to deduct or receive tax credits for certain improvements or materials used in your home. Be sure to keep your receipts. 

Brock Built has been making an impact on the Atlanta residential real estate community for more than 25 years. Steve Brock, founder, established Brock Built with a mission to build superior homes at an exceptional value for his customers, while improving on the surrounding community at large. With a focus on the Westside of Atlanta, Brock Built’s goal is not to change existing communities but to recreate them into more livable environments, where current residents and new homeowners can feel at home. By building new homes and bringing new neighbors in to underdeveloped parts of the city, economic development is promoted and these neighborhoods become vital parts of the city.