- How did you get the name Cordelle?
- I have heard that it is a big hassle to build a new home, is that true?
- Will Cordelle build on my home site?
- What if I have my own plan?
- What about these build your own home programs I see advertised?
- Why should I even consider buying a new home?
- What are the tax advantages of home ownership?
- What kind of warranty do I get with my new home?
- Why is buying a new home a better decision than buying an old house?
- What if I have a house to sell?
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How did you get the name Cordelle?
A Cordelle was a late 18th century term of French origin describing ropes and rigging of immense strength used on a Mississippi River Boat. The term was adopted for the name of the company in 1964 by Robert DeForest.
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I have heard that it is a big hassle to build a new home, is that true?
We realize that a new home is typically the largest investment a family will make and building that home can be very stressful. We try to make the process as simple and painless as possible. There will be selections that have to be made and dates that have to be met but we make it so easy that we are confident that you will find it to be an exciting and rewarding experience.
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Will Cordelle build on my home site?
Of course, we build on numerous sites throughout Central New York. Bear in mind that when you have your own rural site, you in effect become the developer. “Country living” usually brings extra costs such as a septic system, well, culvert if required, longer driveway and length of electrical service which may impact your budget. Before you buy a home site contact us, we will be glad to give you an unbiased opinion of its value.
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What if I have my own plan?
We are a full-service custom homebuilder. We specialize in working with our clients in the early stages of the homebuilding process. We will be glad to give you an estimate on the price of your plan. All of our plans can be modified or we can design a home to suite your specific needs.
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What about these build your own home programs I see advertised?
Build your own home programs can work well for some people and can be a disaster for others. We are professional builders and not consultants. We will design and build your new home better, faster and within your budget. When you consider the costs associated with the financing of construction, insurances required, tax issues such as 1099s required for sub-contractors and the sweat equity you provide as the builder, we think you will find that we are very competitive when it comes to the price of your new home. In addition, all of our new homes come with the security of a written Limited Warranty to protect your investment. Check to see if the build your own program will provide you with a written warranty or if that will be an extra cost.
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Why should I even consider buying a new home?
It is probably the biggest decision you will ever make. You and your family's lives will be impacted by the choice of a new home, in ways you haven't begun to predict. But it's also the biggest step you will ever make towards financial freedom. Here’s why:
- Interest paid to mortgage is tax deductible.
- Real estate taxes paid are tax deductible.
- Each mortgage payment brings equity to your family's balance sheet.
- Equity in your home can be used towards college expenses, repairs, and any number of expenses in your life.
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What are the tax advantages of home ownership?
When you ask Uncle Sam for some of your hard-earned money back every year, you’re entitled to a full reduction of your mortgage interest payments from your annual income. The only limitation to this is that you must be paying a standard mortgage on your first or second home, and not on an investment property.
- Interest is typically weighted heavily at the front end, entitling you to immediate tax breaks!
- Mortgage Points are Deductible! Mortgage Points are assessed to the lender throughout the course of the loan. When you pay these to the lender, they are also deductible from your taxable income.
- City, County and State Taxes are deductible! When the local tax bills paying for your share of city and county services come, again you get to trim these costs off of your taxable income when you submit tax forms to the government.
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What kind of warranty do I get with my new home?
Your new home comes with a written Limited Warranty from the Central New York Home Builders Association. This warranty warrants to you as the purchaser identified in the contract, a home which has been constructed in a skillful manner, free from material defects for the warranty period. For the first year, the home is warranted to be free from latent defects stemming from defective workmanship or defective materials. For two years from the warranty date the plumbing, electrical, cooling and ventilation systems of the home are warranted to be free of defects that constitute defective installation. Manufactures warrantees on appliances and fixtures are passed through to you as the purchaser. For six years from the warranty date the home will be free from major structural defects that result from defective workmanship, materials or design.
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Why is buying a new home a better decision than buying an old house?
With a new home you are assured of a written warranty, and your new home is built to the latest materials, building codes and energy efficiency standards. A new home offers the newest features, technologies and requires less maintenance than an older home. Since new homes have a longer life, appraisals tend to be higher than on comparable existing homes, making conditions more favorable for future re-sale at appreciated prices. Quite simply a new home is a better investment.
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What if I have a house to sell?
We can help you there also. Our full service Real Estate Company, Cordelle Realty can help you sell your home fast and for the best price.
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