Keeping track of improvements you make to your home can really pay off on your tax return when you come to sell your home. While you may think everything you do to your home is an improvement, the IRS may not agree. Adding a new deck would count as a capital improvement, for example, but repairing your old one wouldn't. Tax regulations let you add the cost of capital improvements to the cost basis of your home. And when you come to sell, a higher cost basis lowers the total profit that you … [Read more...] about Why You Should Keep Good Records Of Your Home Improvements
The Contra Costa Times reports that the San Ramon City Council just voted unanimously to cancel the controversial proposal for new HOV on ramps at Norris canyon Road. Their action elicited cheers and applause from residents who for years had battled these plans. Council members moved to ask the Contra Costa Transportation Authority to instead support improvements to the busy I-680/Bollinger Canyon Road interchange a short distance to the south to better serve commute traffic to and from … [Read more...] about Breaking News – City of San Ramon Kills HOV Lanes at Norris Canyon Rd.
Home owners can overdo it when it comes to making changes. This Old House recently spotlighted several ways that home owners’ enthusiasm for home ownership may actually harm the house. Planting trees near walkways. A line of trees to the house may up its curb appeal but adding young trees near driveways or walkways could be putting your slab at risk. As these trees grow taller, their roots will go outward, potentially pushing up the paving and causing it to buckle or crack. This Old House … [Read more...] about 19 Bad ‘Home Improvements’ You Shouldn’t Be Making