Whether you’re an owner now or expect to be one in the future, it is important to be familiar with the federal tax laws that affect homeownership. Since personal income tax was enacted in 1913 with the 16th amendment, homes have had preferential treatment. The mortgage interest deduction is based on up to $750,000 of […]
Archives: June 2019
Show Them You’re Serious
A New Kind of Home Buyer: Tips for Marketing Your Home to Millennials
Millennials get a lot of flack, but they’re an important part of the real estate market. In fact, they make up the largest generational percentage of home buyers right now! So, if you’re planning on selling your home soon, it’s important to keep the average millennial home buyer in mind. This generation is unlike any […]
Don’t Leave Home Without…
You’ve been planning this trip for some time and almost every detail has been considered…or has it? Have you thought about how to protect your home while you’re out of town? What’s going to make sure that everything you left is still there in you return? Nothing could ruin a trip more than coming back […]
Temporarily Renting a Home
IRS has provisions for homeowners regarding the sale of a principal residence that allows for temporarily renting the home without losing the ability to exclude the gain if the home is sold under the correct conditions. The rules for the exclusion of gain on the sale of a principal residence are: Up to $250,000 of […]
The Best Smart Home Technology for Upping Your Home’s Value
Repainting the walls, updating the kitchen and bathroom, replacing the hot water heater—there are ways to increase your home’s value that stand the test of time. But as the market and the priorities of buyers change, there are newer, more popular ways to get a high return on your investment! Smart home technology is becoming […]