NAHB provides members with wide variety of discounts

As a benefit of being a member, you have access to discounts and savings opportunities offered by many top companies. All programs, rates and prices are subject to change without notice.

NAHB members can access each program using the co-branded links below, or download an overview of all discounts including phone numbers and program codes.

NAHB Summarizes Tax Reform Plan and Its Impact on Housing

House Republicans unveiled their tax reform bill today and unfortunately it is even worse than we thought. As NAHB staff continues to analyze the 429-page legislative package, we wanted to quickly provide an overview of the bill to our members.

NAHB believes this plan will ultimately harm home values, act as a tax on middle-class home owners and discourage younger, first-time home buyers from entering the market.

As I reported yesterday, NAHB came out in strong opposition to the plan because it severely marginalized existing housing tax benefits by drastically reducing the number of home owners who can take advantage of mortgage interest and property tax incentives.

The legislation goes a step further by capping mortgage interest at $500,000 for new home purchases. This means that home buyers in expensive markets will effectively see the value of this housing tax incentive further diminished. There is also no mortgage interest deduction for second homes.

The House leadership killed a cost-effective plan proposed by NAHB that House tax-writing committee leaders agreed to include in the bill. It would have provided a robust homeownership tax credit to help up to 37 million additional home owners who do not currently itemize.

In addition to eviscerating the mortgage interest deduction, the Republican tax bill provides generous tax relief to large corporations while small businesses wind up with limited relief.

We need all NAHB members to engage on this issue. Please email your congressman and let them know that this tax reform legislation, as written, is wrong for America. Encourage them to revise the bill to include NAHB’s proposed homeownership tax credit that would benefit the middle class. Visit http://www.capitolconnect.com/builderlink/ to send an email.

Here are other pertinent provisions in the Republican overhaul plan.

  • Property taxes. It allows home owners to deduct up to $10,000 in property taxes. Even by keeping this $10,000 figure, NAHB estimates a 60 percent decline in the number of itemizers earning between $100,000 and $200,000. As for the $10,000 property tax cap, 3.7 million households paid more than $10,000 in property tax according to our analysis of Census data. More than 30 percent of home owners who live in New York and New Jersey pay more than $10,000 in property taxes.
  • State and local taxes. Deductions are eliminated for state and local income taxes.
  • Capital gains exclusion. The capital gains exclusion for selling a home ($250,000 for a single filer and $500,000 for a married couple) would be modified from the current two of five years rule to five of eight years. In another words, you must live in your primary residence for five of the past eight years in order to claim the capital gains exclusion when you sell your home.
  • Business interest deduction. This would be capped at 30 percent of earnings before interest, taxes, depreciation and amortization, which is a measure of cash flow. Real estate and small businesses ($25 million gross receipts test) are exempt from the cap.
  • Marginal tax rates.

Singles:                                                     Married:

12 percent up to $45,000*                  12 percent up to $90,000*

25 percent up to $200,000                  25 percent up to $260,000

35 percent up to $500,000                  35 percent up to $1 million
39.6 percent over $500,000                39.6 percent over $1 million

* Benefits of 12 percent bracket would be phased out at higher incomes.

  • Standard Deduction. Raises the standard deduction from $6,350 to $12,200 for individuals and $12,700 to $24,400 for married couples.
  • Low-Income Housing Tax Credit. This will remain in the tax code, but private activity bonds would be eliminated, greatly reducing affordable housing production.
  • Carried interest. The bill preserves the carried interest tax break.
  • Like-kind exchanges. This provision is preserved for real estate.
  • Estate tax. Increases the current $5.49 million exemption to $10 million and repeals the estate tax after six years.

This tax reform package undermines the nation’s longstanding support for homeownership and threatens to lower the value of the largest asset held by most American families. In short, this tax reform plan lacks any significant homeownership tax benefit and will put millions of home owners at risk.

NAHB will continue to aggressively oppose this tax reform bill and we will keep you apprised of any major developments.

9 Ways to Decorate Your Home For Fall

The season change is beginning; kids are going back to school, it’s cooling down from that summer heatwave, and all those seasonal flavors are popping up in stores. Fall in Michigan can be a magical experience with leaves turning amber and gold, to the crisp air that carries the promise of football games, hay rides, and orchard trips. Bring the beauty indoors! Decorate with some of that fall inspiration and you can’t go wrong.

  1. Copy the colors of fall with accents.

Those golden tones and bright reds don’t just belong outside. Make a statement with auburn throw pillows and orange vases filled with Miscanthus Grass. Frames, lamps, and rugs can also be used to accent the feel of the room, so get creative!

  1. Provide flannel throws and knit blankets on couches and ottomans.

Everyone wants to feel cozy on a cool autumn day. Place blankets embracing fall colors around your living room and bedroom for family members to wrap up in.

By farmfreshhomestead.com
By farmfreshhomestead.com
  1. Enhance the experience with the smells of fall.

A little trick for making your home smell heavenly on crisp fall evenings is easy and only takes a few ingredients you probably already have in your home. Combine a few orange peels, ½ tablespoon of cinnamon, 2 tablespoons of whole cloves, and 2-3 cinnamon sticks in a pot. Cover with water. Bring to just boiling and simmer on the lowest heat, refilling water as necessary.

  1. Bring in natural elements from the outdoors.

Pinecones, calico corn, and even dry leaves can be used as fall décor. Displaying them in multi-tiered jars on your mantle or coffee table has an organic look. Displaying mums outdoors and indoors showcases the colors of the season, bringing some life to the home.

  1. Pumpkins aren’t just for carving.

Whether you use real or plastic, pumpkins can be a great accent on tables, porches, and mantles. Painted white, they can complement a cool, neutral room. Left orange, the pumpkins can bring a splash of color to an otherwise relaxed space.

  1. Swap out wreaths.

If you display a wreath on your front door, consider swapping out your summer or all-season wreath for one with autumn leaves, pumpkins, and small pinecones. If you’re a big football fan, get a wreath with your team’s colors! All who enter your home will know your allegiance.

  1. Channel your inner child, and count candy as decoration.

Your 7-year-old self would thank you for considering jars of candy corn as chic décor. Place the treats in tea candle holders or different sized jars with lids for a pop of color and whimsy. Added bonus, you can sneak a piece of candy every once in awhile and take the edge off holiday planning!

  1. Utilize rustic wood around the home.
soso.gr
soso.gr

Purchased or salvaged, wood slabs, bark, and small branches can make a beautiful statement piece on the mantle. Add in some candles inside some glass jars and let them cast a glow on your little tree souvenirs. Wrap the birch bark around the candles themselves.

  1. Halloween and Thanksgiving are just around the corner..

With Halloween decorations, you can go as tame as cats and witches to the darker skulls and zombies in the yard (the kind that one neighbor is obliged to display.) Thanksgiving is an even easier holiday to decorate for with pumpkins, calico maize, and “Give Thanks” signs which you can DIY or find or Etsy. Your home will be on display during the holidays, so why not decorate to impress?

Etsy.com shop PupsPlanesAndPallets
Etsy.com shop PupsPlanesAndPallets

Create a Multifunctional Living Space

Lower levels can be a small room or take up an entire floor of your home. There are plenty of options when it comes to using the space effectively. Maximizing efficiency also means getting the most out of the room, which could mean creating functional storage for seldom- used decorations or adding a fun family space a craft areas or theater room.

“It’s important to think about what you need from the room, do you want to have a comfortable guest room, kick back with friends, or create the ultimate kids play room,” said Polly Timmer, of Polly Timmer Design. “Once you know the functional elements, then you can decide the finishes and feel that you want to achieve in your new rooms.”

The lower level, can often be a more challenging space to remodel because it’s often an unfinished room. Regardless of how much light and how difficult your space may be, with some creativity you can create a room that you will look forward to spending time in.

Decide What Layout Works Best

First you will want to figure out how you intend to use the space and the establish a budget. Once that is done you can determine a floor plan. If you want to create a guest or exercise room then you probably also want to add a bathroom and will need to plan accordingly. Think through the cabinetry and storage space. Do you need a kitchenette and appliances? If your space is large, you can divide it into several areas that serve different purposes. If it’s small, you can still use it for multiple functions with proper planning it can be a very functional space.

Use Neutrals

“Strong and bold colors catch the eye by adding drama, but they also make a space look and feel smaller.” says Polly Timmer. “Using them in your lower level may make the ceilings seem lower and the walls feel like they’re closing in. Instead rely on light neutral colors like gray, taupe and white that make the space feel more expansive. “Good neutral furniture will work through many style changes and last for years. Add color and character in your accessories and linens, such as throw pillows, curtains, rugs and vases.”

Choose Open Concept

If your lower level is on the smaller side, keep the area open by avoiding adding walls. Define different spaces or zones by using color and decor so your area can serve multiple purposes well. For example, one half of your lower level can become an adult relaxation area if anchored by a comfortable sectional, a large area rug, and lighting with dimmer switches. The other half can be a craft area with a large and sturdy table, storage shelves and brighter task lighting.

See the Light

Lower level windows are often smaller than elsewhere in the house because the space is either partially or totally underground. Lighting will not only make the room feel bigger, but the bright light will make up for the lack of windows. Recessed lighting saves room though you may not have the ceiling space (or budget) to accommodate it. Instead, use wall sconces, table lamps, and floor lamps. To reflect light, hang mirrors strategically in the room. To reflect light, hang mirrors strategically in the room.

Create Storage Solutions

You may want your new rooms to serve multiple purposes, but don’t forget the storage.  Incorporate shelves and cabinets and make sure storage units go from the floor to the ceiling to ensure you’re getting the most out of your space. “There are lots of furniture options that will serve double- duty, such as ottomans with a hidden compartment or side tables with drawers, continued Polly. “Using these creative pieces of furniture will allow you to store everything you currently have in a fun and functional way.”

Devote one end of your basement to general storage by hiding that area with a floor-to-ceiling wall covering in the same color as the surrounding walls.

If you can’t seem to visualize what your space can be, it may be time to enlist the help of a professional.  The HBA of Greater Grand Rapids has many interior designers that will take that under used space and turn it into something you can be proud of.  To find interior designers visit myGRhome.com/ start-here/membership-directory/.