As readers of my blog know well, I am CRAZY for historic homes, and there is a special place in my heart for Chicago Bungalows. I have written articles promoting homes that I’ve loved, and I was very happy to see North Mayfair recognized by Old House Journal for being the best US neighborhood for first time buyers and bungalows.
They didn’t mention, however, all the many reasons that THIS IS THE TIME to buy one!
- Federal tax credit for first time buyers – buy by 4/30 and close by 6/30
- Property Tax “freeze” for rehabbing historic homes
- TaxSmart Federal Tax Savings for buying a bungalow
- Tax Savings for installing energy efficient items as you rehab
- 203K loans from Fannie Mae to do the rehab
The Chicago Bungalow Initiative spells out these and other incentives that make buying a bungalow the greatest opportunity EVER!For information regarding buying a bungalow and taking advantage of all savings opportunities, call Anne Rossley of Prudential Rubloff – 773.620.5333
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Anne sells historic homes using tomorrow’s technologies!