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Homeownership Benefits Extend Beyond Property Boundaries

Home Ownership Month

Most Americans consider homeownership to be the single best long-term investment and a primary source of financial security, especially as home values continue to strengthen. Despite the economic rollercoaster during the recession, homeownership has endured as the foundation of the American Dream. For that reason, the home building industry is celebrating National Homeownership Month in June.

Building your own home from pre-designed house plans  provides numerous benefits and huge savings compared to custom architectural fees. It not only helps build financial strength and emotional wellbeing for you and your family, but it also leads to increased stability for the surrounding community.

We would like to take this opportunity to reinforce some of the many advantages homeownership can bring.

Financial Benefits:

It’s nearly impossible to talk about homeownership without mentioning its most widely recognized benefit: financial fortitude. Beyond the appreciation factor (home values were up 6.3 percent nationally in the first quarter of 2016 compared to the first quarter of 2015), the monetary advantages of owning a home become most evident around tax time.

American home owners saw their tax bills trimmed by a total of more than $100 billion in 2014. Those 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. Other deductions include the interest paid on up to $100,000 of home equity loans, state and local real estate taxes, and any potential mortgage insurance premiums.

Sense of Community:

Homeowners’ commitment to their community is often expressed through a higher level of civic participation – via volunteer programs, church and school activities, and property maintenance – resulting in a positive impact on their “social capital.”

Recent studies also have consistently shown homeowners are significantly less likely to become the victims of a crime. Stable neighborhoods with a predominant structure of homeownership consistently display stronger social ties among the residents. This generates added motivation to maintain a safe environment for themselves, their families and their neighbors.

Quality-of-life Enhancements:

Above all else, having full control of one’s own home can be the most satisfying benefit. There’s an intangible sense of accomplishment that comes from being the owner of a new home. Archival Designs offers the freedom to personalize and make improvements to all home plan designs that will help build equity in the home and increase satisfaction for the entire family.

Take the next step towards building your new home by calling our home plan specialists.
Take the next step towards building your new home by calling our home plan specialists.

What are you waiting for?  Enjoy the benefits of homeownership and build the house you’ve always desired.  Archival Designs offers a wide variety of architectural styles such as craftsman, southern, rustic, and luxury.

To learn more about the benefits of homeownership, visit nahb.org/forconsumers.

3 Questions to Ask When Choosing the Right Builder

Archival Designs | Luxury Floor Plans | Ranch Floor Plans

Though builders might generally use similar tools and materials when building custom home plans, not all are alike when it comes to things like technique, training and customer service. Finding the right builder whose business approach aligns well with your personal preferences is essential to a pleasant home-building experience.

Keowee Lake Cottage | Rustic House Plans | Luxury Floor Plans
Keowee Lake Cottage | Under Construction

The builder will be asking you plenty of questions during your initial meeting to discuss the home you envision. But the questions you ask the builder are equally important to determine if it’s going to be a positive partnership. Consider asking the builder about the following:

  1. Work Experience – You will want to find a builder with extensive experience building small or large luxury homes from plans similar to the one you want. Ask to see examples of floor plans and designs they’ve done before to ensure their company can deliver what you need. You should also ask if they have or are working toward any professional designations, which show that the builder has advanced training in a particular area. A few examples of such designations include a Certified Aging-in-Place Specialist (CAPS), a Graduate Master Builder (CMB), and a Certified Green Professional (CGP).
  2. References – Any high-quality builder should be ready to provide you with several names and phone numbers of satisfied customers. If they can’t, consider that a red flag and walk away. When reaching out to those former clients, ask about how well the builder followed through on the initial plans, and if the builder met their expectations regarding budget and timing. Don’t forget the most telling question of them all: If they could do it all over, would they hire that builder again?
  3. Communication Style – Many builders will do their best to accommodate your communication preferences. But it’s always best to establish expectations as early as possible. The frequency (weekly, monthly, as-needed, etc.) and method (phone, text, email) of how you communicate early on with each other is something that will set the tone throughout the whole building process.

For more information about how to find the right builder to create your dream home contact the National Association of Home Builders.

Multigenerational House Plans: A Growing Need

After increasing dramatically during the Great Recession, the formation of multigenerational households shows no signs of slowing down. In fact, a record 60.6 million people lived in multigenerational homes in 2014, according to Pew Institute analysis of census data. The Pew research center is a nonpartisan fact tank that informs the public about issues and attitudes trends shaping American and the world.

Pepperwood Place | Multigenerational House | In-law Suite
Pepperwood Place | Multigenerational House | In-law Suite | Archival Designs

This means that nearly 20 percent of the U.S. population lives in households consisting of two or more adult generations. There are many reasons for this trend, reflecting both economic realities and cultural preferences.

The recession caused many adult children to return home after college, either because they weren’t able to get jobs that would cover rent, or they wanted to save up to buy homes of their own. Significantly, living with parents was the most popular housing option for adults ages 18 to 34 in 2014, according to the Pew Institute.  In-law Suite home plans offers separate living spaces for adults.  Archival Designs offers stock home plans, for example, the Pepperwood Place and the Tilly which accommodate adult privacy.

Tilly | In-Law Suite | Multigenerational House Plan
Tilly | In-Law Suite | Multigenerational House Plan | Archival Designs

For many ethnic and immigrant groups, multiple generations of a family living together is a common cultural custom. The country’s growing Asian and Hispanic populations helps contribute to the formation of multigenerational households, too.  However, Pew research shows that multigenerational households are increasing in popularity with nearly all racial groups, as well as all age groups and with both men and women.

Multigenerational households also form so that grandparents can help take care of their grandchildren, and as they age, their children can care for them. This type of arrangement can ease financial burdens as well, with several generations contributing to the mortgage payment and not having to incur the expenses of childcare, retirement housing or professional care-giving environments. The house plan designer at Archival Designs has implemented the need for American families by offering  an entire portfolio of multi-generational home plans.

Adeline House Plan | Multigenerational House | In-law Suite
Adeline House Plan | Multigenerational House | In-law Suite | Archival Designs

Home builders and remodelers are building and renovating homes to meet the needs of multigenerational households. These designs allow many generations of the same family to live together under one roof yet have private areas as well as combined living space.

Features of multigenerational home plans can include in-law suites within the main home with separate areas for independent living. These often have kitchenettes and en suite bathrooms, and sometimes private entrances from the street. They frequently include “universal design” features and products, which focus on maximum usability by people of all ages and abilities. Examples include wider hallways, walk-in showers, smooth flooring transitions, and cabinets with pull-out drawers.

To learn more about multigenerational home plans call our home plan specialists at 770-831-6363.

Spring Housing Market Demand for Affordable Homes is Overheating

The demand for low-priced and affordable homes is the strongest since the recession. The 2017 the  housing market demand for small homes for first time and empty-nesters home buyers is hot.  According to Ralph McLaughlin, chief economist for Trulia, “Housing affordability is the key to helping move inventory, but all signs are showing that homes this spring will be much less affordable than last year”.

old wesley empty nester small house plan
Old Wesley | Empty Nester House Plan | Archival Designs

The national sales of pre-designed home have grown to the highest level ever.  Entry-level homes are scarce and buyers are finding building a home comes with great benefits.  Small cottage home plans have proven to be popular among millennials.   Empty-nester house plans and craftsman house plans are some of the favorite styles among the remainder of the demographics.

Harthaven House Plan | Entry-level House | Archival Designs
Harthaven House Plan | Entry-level House | Archival Designs

Another change in pre-designed housing sales is the demand for one-story homes.  These ranch floor plans are one level for the 55+ age group that want to age in place.  These one-story home plans give the retired baby boomers the best of all worlds.

Cedar Crest House Plan - Archival Designs Luxury Home Plans
Narrow 41-foot wide home plan boasts a 14×20 family room.

As you prepare to build your new home, call your local branch of the National Association of Home Builders to find a builder in your area.  Potential buyers can negotiate the best building price from a quality group of professional builders.

Credit:  CNBC, Diane Olick

Entry-level Homes Making a Comeback.

In recent years, the tiny-home trend has taken that philosophy to the extreme. But it hasn’t quite caught on with mainstream America. The overwhelming majority of home buyers still prefer to own an abode with ample space in which to live, relax and entertain.

Cedar Crest House Plan - Archival Designs Luxury Home Plans
Cedar Crest House – Narrow 41-foot wide home plan boasts a 14×20 family room.

The median size of homes built in 2015 was bigger than ever, and the portion of those homes with four or more bedrooms grew to 47 percent. But so far in 2016, the median home size appears to have reached a plateau, leveling off after several years of gradual growth.

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