Figuring out how to pay for a home renovation is one of the first steps in any remodeling process. When they’re done wrestling with the cost of a home renovation, most homeowners have to decide how to fund a remodeling project. And in some cases, the options can be paying for it in cash or [...]
Following the housing bubble burst in 2007, when home values fell by 60 percent or more in some areas, approximately 23 percent of homeowners owed more on their mortgages than their houses were worth by the end of the third quarter of 2009. The lack of equity froze these homeowners in place for years, leaving [...]
In spring, we turn to thoughts of gardening, home repairs, refurbishments, and maybe even remodeling. Let’s look at common tasks and see what the tax ramifications are. Is anything deductible? Probably not—but don’t despair. I have some tax tips for how to find a tax credit (or two) available to you. Before going forward, set up two [...]
