Tag Archives: home improvement

Five Ways to Boost Your Home’s Value Overnight

boost your home's value

Great curb appeal not only makes your home the star of the neighborhood, it can also improve its value and help you sell it for more. Whether you’re thinking of listing your home or just want to make your home the envy of your neighbors, here are several quick ways to increase your home’s curb appeal.

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8 Smart Home Trends that Can Save You Money

8 Smart Home Trends that Can Save You MoneyThe smart home is the new internet of things. It’s full of objects that can serve you better by communicating with each other or directly with you through apps on your smart phone. In the ideal version of the wired future, all of our appliances and gadgets will talk to each other seamlessly.

What could living in a smart home look like? Picture something like this:

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How to Amp Up The Resale Value of Your Home

How to Amp-Up the Resale Value of Your HomeWhether you’re putting your home on the market this year or in the next five years, it is a smart decision to start building your home’s resale value now. Here are some ways to create a comfortable home while making it easier to put more money into your bank account on closing day.

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Home Improvements That Pay Off

Home Improvements That Pay Off

These values come from the 2015 Cost vs. Value Report published by Remodeling magazine and show statistics for the Pacific states.

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How to Hire a Contractor

If you need to hire a contractor for a project in or around your home, you want to make sure you hire the right one. Here are some tips to help you do that.

GET RECOMMENDATIONS

Get recommendations from family or friends. I can recommend contractors and am always grateful for any recommendations you have for me. You can also check with building inspectors and supply houses to see who they recommend.

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Raise the Basis and Lower the Gain

capital improvement registerHomeowners can raise the basis or cost in their home by money spent on capital improvements. The benefit is that it will lower their gain and may save them taxes when they sell their home.

Improvements must add value to your home, prolong its useful life or adapt it to new uses. Repairs are routine in nature to maintain the value and keep the property in an ordinary, operating condition. They do not raise its basis.

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Remodeling Projects Are on the Rise

Remodeling projects are on the rise! Last year the home improvement market grew by over five percent and one in five new homeowners undertook a home improvement project. This year the Leading Indicator of Remodeling Activity (LIRA) expects home improvement spending to continue to increase by as much as 9.9 percent over last year. Metrostudy’s Residential Remodeling Index (RRI) also predicts growth in home improvement spending. This is good news for job seekers and the economy in general.

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Record Capital Improvements Now

paper and pen to record capital improvementsThere is a significant difference in how the money you spend on your home is treated for income tax purposes.  Repairs to maintain your home’s condition are not deductible unlike those made by rental property owners that can be deducted as an operating expense.

On the other hand, capital improvements to a home will increase the basis and affect the gain when you sell which may save taxes.

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Win a $10,000 Furniture Makeover

Win a Furniture Makeover Sweepstakes

As part of their 2014 consumer advertising campaign, the CALIFORNIA ASSOCIATION OF REALTORS® is offering a $10,000 furniture makeover sweepstakes. You could win!

Courtesy of NBC, one random winner will receive a $10,000 check to purchase new furniture and other home furnishings.

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Energy Efficiency Tax Credit Expiring Soon

energy efficiency tax creditThe energy-efficient home upgrades tax credit is scheduled to expire on December 31st this year.  If you need to make improvements to your home, this could be an incentive to do it before the end of the year.  If you have already made qualifying improvements without realizing the tax credit is available, it may seem like a holiday gift you weren’t expecting.

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