By Dustin Murray, Dustin Murray Construction, HBA of F-M President
The Home Builders Association of F-M’s Spring Parade of Homes showcases newly constructed homes in our communities each spring. It invites you to explore the area’s new developments, infill communities and the homes that will help you get ideas to update your current space, or make plans for your future nest.
With the Parade happening April 27-29 and May 4-6, I thought it made sense to highlight some local tax incentives on new construction.
In Fargo and West Fargo, you can save up to $4,000 on your property tax bill when you buy a newly built home. Home owners get an exemption on up to $150,000 off their property valuation for two taxable years following the year the home was sold.
In Dilworth and Moorhead, you can get a two-year property tax rebate on newly built homes. On a $250,000 home, this is a value of $5,500 over the two-year period. There is no maximum value on new construction of single-family homes, including the building and land.
Of course, there are many small communities surrounding the F-M metro area. Contact your local jurisdiction for more details on specific incentives they may offer.
This year’s Spring Parade of Homes includes homes in Fargo, Horace, Moorhead and West Fargo. Prices range from just under $190,000 to over $2 million, offering something for first-time homebuyers, move-up buyers, empty-nesters and those looking for a luxury home.
All the way from modern, to farmhouse, to Craftsman, come see the trends of what our homebuilding industry has to offer. Meet the builders and realtors who stand behind these homes and find out what can be a fit for you and your family.
This is a unique opportunity to maximize your time during Parade hours to pinpoint the homes you are interested in and meet the builders. Learn more at paradefm.com.
Dustin Murray founded his business, Dustin Murray Construction, six years ago. He specializes in remodeling, new construction framing and finish work. Murray and his wife have two children and live in West Fargo.
HOME BUILDERS ASSOCIATION OF FM
The Home Builders Association of Fargo-Moorhead promotes an environment in which members and their businesses can prosper.