HiLine Homes Introduces Duplex Floor Plan to Washington and Oregon Home Buyers: The new HiLine Homes Duplex floor plan is the company’s first of its kind and offers advantages for on-your-site home buyers and real estate investors.
PUYALLUP, WASHINGTON/ September 18, 2008 – HiLine Homes, the Northwest’s leading on-your-site builder, today announced the release of its Duplex floor plan in response to consumers looking to capitalize on economic stimulus legislation and the government’s plan to restore the financial health of Fannie Mae and Freddie Mac.
The two story 3,303 total sq. ft. Duplex floor plan (Side A – 1,677 sq. ft. / Side B – 1,626 sq. ft) includes 3 bedroom, 2.5 bath units, each with a private garage. HiLine Homes Duplex combines spacious design with name brand construction materials and is well suited for anyone who owns land or one or more city lots.
| Side A / Left Side Unit (1677 sq. ft.) |
| Side B / Right Side Unit (1626 sq. ft.) |
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- Living Room 13′ x 11’6″
- Dining Room 9’6″ x 11’6″
- Kitchen 9’3″ x 11’1″
- Den 9’3″ x 14’9″
- Master Bed 14′ x 14’6″
- Bedroom 9’9″ x 11’6″
- Bedroom 9’3 x 9’2″
- Garage 15′ x 22′
|
- Living Room 13′ x 11’6″
- Dining Room 9’6″ x 11’6″
- Kitchen 9’3″ x 11’1″
- Den 9’3″ x 14’9″
- Master Bed 14′ x 12’6″
- Bedroom 9’9″ x 11’6″
- Bedroom 9’3 x 9’2″
- Garage 15′ x 24′
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Of the 24,000 residential construction permits issued in the Puget Sound area last year, only 395 building permits were designated for duplex or twin home construction. HiLine Homes intends to fill this void in the marketplace while strengthening the economy by offering affordable new home construction products for investors looking to build rental properties.
“Rental income buys property without adversely impacting a person’s finances. As long as rents keep increasing, investors can buy property — breaking even and even earn positive cash flow,” said HiLine Homes President William Sundby. “We’re pleased to offer a floor plan that will allow homeowners to generate rental income to cover mortgage payments, taxes, insurance and other property costs.”
The instability of the mortgage industry in the past few years has forced more people to rent. As a result, the demand for rentals has skyrocketed, while the supply has tightened. Homeowners with rental property can charge higher monthly rents and be more selective about choosing tenants. The current shape of the market combined with the passing of economic stimulus legislation make now the time to buy rental property.
The Housing and Economic Recovery Act of 2008, signed into law by President Bush on July 30, implemented several critical reforms to the housing finance system and created a temporary $7,500 tax credit for first-time home buyers who meet certain income requirements. Additionally, the law provides FHA insurance for a program geared to prevent families facing foreclosure from losing their homes.
“Over the years, our single family floor plans have offered extreme value in new home construction in terms of affordability and quality. Helping people earn wealth through home ownership is what we do best,” added Sundby. “The economic stimulus plan will help the dream of home ownership come true for people with good jobs and good credit.”
HiLine Homes has model homes located in communities throughout Washington and Oregon. The company’s website offers 360-degree panoramic exterior views, virtual floor plan tours and printer-friendly spec sheets. For information about built on your site homes,, visit: www.hilinehomes.com.
About HiLine Homes (www.hilinehomes.com)
HiLine Homes builds conventionally constructed (stick built) permanent homes. The company offers first-time homebuyers a unique, instant equity position by controlling costs and eliminating unnecessary charges with volume buying and labor power systems. HiLine Homes is recognized as the leading on-your-site builder in the Northwest and has operations in eight Washington communities (Burlington, Centralia, Grays Harbor, Port Townsend, Puyallup, Tri-Cities/Kennewick, Woodland and Yakima) and two Oregon communities (Salem and Redmond/Bend). HiLine Homes is a member of the Master Builders Association (MBA), an organization devoted to providing attractive, affordable homes for families.