Whether 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.
Tag Archives: home improvement
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.
Continue reading Home Improvements That Pay OffHow 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.
Continue reading How to Hire a ContractorRaise the Basis and Lower the Gain
Homeowners 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.
Continue reading Raise the Basis and Lower the Gain