The vast majority of 'extreme home makeovers' we see are those on HGTV and the like and mostly more affordable. But major renovations happen at all price levels, including multi-million dollar homes. Like many people, you may be more prone to remodel, rather than decide that it's time to sell your home and buy another one. Not least because of the effect on the property taxes. That can be a major hit if you have lived in your home for 10 years or more. But there are many cases where moving on … [Read more...] about Is it Time To Sell Your Home or Time to Remodel?
As the deadline to file income taxes approaches, we need to take a new look at the changing tax landscape for homeowners. Thanks to the efforts of many real estate industry groups like NAR, many of the tax benefits that homeowners enjoy have been protected and extended through the 2017 tax season. Not necessarily through 2018 though. Mortgage Interest Deduction Homeowners who itemize their deductions can still deduct the interest paid on a mortgage with a balance of up to $1 … [Read more...] about Top 2017 Tax Deductions For Homeowners
As we approach the Holiday Season and therefore the end of the current year, Thanksgiving is the time to look back on what we are thankful for in our lives, perhaps particularly in recent times. From a personal perspective, it is easy for me to share what I am most thankful for. As many of you know, my wife, Sylvia, had a stroke earlier in the year and thanks to the amazing people in both John Muir and Kaiser hospitals, she is steadily recovering. We can't speak highly enough of these … [Read more...] about Happy Thanksgiving 2016