Tagged : upgrades

Found 2 blog entries tagged as "upgrades".

As the time to file income taxes approaches, we need to take a new look at the changing tax landscape for homeowners. The dynamic atmosphere in Washington, D.C. has a different effect each year on which tax breaks are proposed, rescinded, changed, and extended for taxpayers who own a home.

Top 10 Real Estate Tax Deductions

1.  Mortgage Interest Deduction  2.  Home Improvement Loan Interest Deduction  3.  Private Mortgage Insurance (PMI) Deduction  4. Mortgage Points/Origination Deduction  5. Energy Efficiency Upgrades/Repairs Deduction  6. Profit on Sale of Real Estate Deduction  7. Real Estate Selling Cost Deduction  8. Home Office Deduction  9. Property Tax Deduction  10. Loan Forgiveness Deduction

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Inman.com - Ahh, the age-old, existential question faced by buyers and sellers since time eternal: update or credit? 

Tara-Nicholle Nelson advises you to update, here are the reasons why:

1. If you're not yet 100 percent sure you're selling, replacing them now allows you to enjoy the upgrades. 

2. Replacing them now might boost your home's chance of selling more than a price discount.

3. Replacing them yourself might be more cost-effective. 

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