What the $8,000 Stimulus Can Do for Your Woodbridge, New Jersey Real Estate

Real Estate Agent with Metuchen Keller Williams Elite Realty / Middlesex County, NJ

The new stimulus bill gives first-time home buyers a tax credit of $8,000! Whether the Woodbridge real estate you purchase is new or a re-sale there are always things you can do to make improvements. Here are a few ideas on how you can use the tax break for your new home.

Stimulus for First Time Home Buyers with Woodbridge New Jersey Real Estate

· Put in all new appliances. $8,000 will buy a nice set of kitchen and laundry appliances, and enough groceries to fill up that new refrigerator for several months on top of it.

 · Furnish a room. Many times a new home means old furniture just won't fit in or fill it up. $8,000 goes a long way to decorating a new room or two.

· Put on a porch. The stimulus money can be used to add value to your Woodbridge real estate by making additions like a patio or porch. It will make your New Jersey home even more enjoyable too. Construction jobs helps the economy and creates jobs in the community-a double bonus that you are making happen!

· Buy a car. Okay, maybe your new home is perfect as it is. That's lovely. Use your stimulus tax incentive to put a big down payment on a new car. The huge down payment will keep your monthly payments low and affordable while helping out the other big industry failing in the current economy.

The key to the President's stimulus plan is to spur the economy and give people money to spend-so go ahead and spend it. Buy those items you'd have trouble getting for your Woodbridge real estate without the extra help.  And, feel good about it. 

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Cathy Chaudemanche
Realtor Associate/Keller Williams Realty
Metuchen, NJ
Servicing Home Buyers and Sellers in Middlesex County, NJ

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Omega Omega
Omega - Glendale, CA

Hey Cathy -

Came across your post.  8K is not a fix-all but it will help many who are serious about purchasing a home.  Good perspective and timely post.

Keep it up and stay positive!!!!


Mar 09, 2009 11:07 AM #1

The housing industry is somewhat pleased with the result because the stimulus plan improves on the current $7,500 tax credit, which was passed in July and was more of a low-interest loan than an actual credit. But the industry was also disappointed that Congress did not go even further and adopt the Senate's proposal of a $15,000 non-refundable credit for all homebuyers


Aug 20, 2010 08:48 PM #2
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