When You Dream

What a beautiful day today has been as we celebrate “Earth Day” we have had sunshine, rain, and snow; spring time in the Rockies is beautiful. We at Saddletree Homes want to help protect this beautiful country we live in, that is why we at Saddletree Homes are committed to building energy efficient homes. We were the first builder in Colorado Springs to be E-star and then the first builder to be one hundred percent Energy Star. We pay to have each of our homes third party tested, to make sure that we meet all the EPA criteria for Energy Star homes. This testing allows for tax rebates, mortgage incentives, and savings on energy bills. We are helping to reduce everyone’s carbon foot print by building energy efficient homes. We feel it is our responsibility to continue to take care of this planet, so we work as a team to continue to be at the forefront of energy efficient and green building. This is a task that we take seriously, especially in these tough economic times, when it would be easier to cut corners and use cheaper products. Saddletree Homes has been through many tough economic times in the past and has continued to succeed because of our commitment to excellence. We will continue to be on the cutting edge of energy efficiency and green technologies, as well as provide our homeowners with the best possible products. Here are a few things that we are proud to do that make us energy efficient.

2x6 Exterior Wall Construction

R-20 Blown- Cellulose Insulation

91% Efficient Furnace

Sized, Sealed, and Insulated Ducts

Low-E Vinyl Windows

Tight Construction

Programmable Thermostats

On this “Earth Day” we hope that you will join with us to be more energy efficient and to help keep this earth a beautiful place for generations to come. 

Tax Credits are Now Available for Saddletree and Symphony Homebuyers

With the anticipated extension of the successful first time home buyer tax credit program, Congress gave an unexpected gift to existing homeowners. Now existing homeowners that have owned a personal residence for 5 consecutive years out of the past 8 years, are eligible for a tax credit of up to $6,500.00 on homes valued up to $800,000. And this is a tax credit and not just a deduction, meaning that even if you do not owe any federal income tax you would be eligible for a refund of the $6,500.00. Better yet, some loan programs allow you to “monetize” this tax credit to be used as a type of cash in your purchase transaction.

The tax credit can also be earned buy customers who currently own their own lot and enter into a contract to build a home prior to April 30^th, 2010 and obtain a certificate of occupancy by June, 30^th 2010. This option will require quick work to complete a home by that June 30^th, 2010 deadline.

Some of the rules to this program are that your maximum income is limited to $125,000 for single filers and $225,000 for joint filers, although partial credits are available for income levels up to $145,000 and $245,000 respectively. Contracts have to be written by April 30^th, 2010 and closed by June 30^th, 2010 but extensions may be available to active duty military who were deployed for a period greater than 90 days in either 2008 or 2009. The credit is limited to 10% of the purchase price.

Although there is reporting requirements to the IRS to obtain this credit, the paper work is fairly simple using documents that you will receive at closing.

The first time homebuyer credit of up to $8000.00 applies to buyers who have not owned a personal residence within the last 3 years. All of the timing and income requirements are the same as for the existing homebuyer credit.

These credit appear to be a once in a lifetime gift from the federal government and should not be overlooked. Contact a Saddletree community specialist to see how these credits can benefit you.