Investment Property Repairs and Renovations: How They Affect Your Taxes
Owners of residential investment property often spend money on repairs or renovations. These expenses can be written off on your taxes, but the rules vary depending on the nature of the work. Here’s what you need to know about how the Internal Revenue Service treats expenses for repairs and renovations. Repairs and renovations are two […]
Repairing Cracked Concrete Around the Home
Concrete is a strong building material, but over time as the ground settles, it can develop cracks. Fortunately, repairing cracked concrete is a task even the most inexperienced do-it-yourselfer can tackle. Let’s patch that crack. Evaluate the source Before starting, consider where the crack is, what caused it and its characteristics. Did the cracked concrete […]
Home Repairs: How to Negotiate to Close a Deal
Home repair issues that show up on an inspection report are up for negotiation. It’s up to the buyers and sellers to hammer out an agreement on who pays for what. Here’s a guide. The inspector is your friend. Sellers often dread the inspection report, fearing it may reveal a major issue that could block […]
Top 10 Questions to Ask Before Scheduling an Open House
A great open house can be just what you need to set your home apart and land an offer. For the novice seller, preparing for an open house can be intimidating. Take the guesswork out of getting your home ready with this checklist of the top 10 questions to ask before scheduling an open house. […]
Attention to Home Maintenance Now Will Avoid Big Repair Bills Later
As a homeowner, it’s far better to keep up with routine maintenance than spend big bucks down the road on repairs and replacements. Here’s a handy guide to key maintenance issues and how often they should be completed. Monthly maintenance. Change the filters to your heating and air intake ducts, unless you own a systems […]