These Home Improvement Projects Are Tax Deductible
Homeowners can potentially qualify for an Energy Efficiency Home Improvement Credit of up to $3,200 for energy-efficient improvements made after Jan. 1, 2023. The credit for 2024 covers 30 percent of qualifying expenses with limits for different types of improvements. Below, we break down what’s eligible in the four included categories: energy efficient, clean energy, historic home, and medically necessary upgrades.
The Ultimate Home Maintenance Checklist
In fact, studies show that regular home maintenance improves your home’s value by about 1% a year. While falling behind on maintenance can reduce your home’s value by 2.5% a year—not to mention the risk of costly problems and repairs. “Minor neglect can escalate into significant issues,” says Mike Powell, owner of Red Flag Home Inspection in Tampa, Fla. Powell estimates that about 70% of all issues he cites on home-inspection reports stem from poor maintenance.
Home Renovation Costs: What Experts Expect in 2023
Higher Interest Rates, Reduced Demand. “Rising interest rates will weigh heavily on the housing market in 2023 and will create challenging conditions for construction broadly,” said Ben Johnston, chief operating officer at Kapitus. “Higher interest rates will depress home sales and will make financing new construction considerably more expensive.”Consequently, he said, there likely will be a reduced demand for new housing.
If your home needs a renovation or repair, there are many ways to fund the project. Here’s how to get started
Owning a home comes with inevitable repairs or the desire to give your space an upgrade. A recent study revealed that in 2022, homeowners spent a median of $22,000 on renovations, with more than 50% of them planning to spend at least $15,000 on upgrades. Read More
10 Vital Home Maintenance Tasks You’ll Regret If You Forget
You probably already have a home maintenance checklist: Replace the furnace filter each season, shut off water spigots before winter, clean the gutters, etc. That’s a good start, but there are jobs that homeowners often forget about, or don’t even know about. Here are some important home maintenance items that may not be on your list-items that may cause a big headache, or worse, cost you big money if you neglect them. Read More
The Annual Home Maintenance Checklist
Home maintenance can feel like a daunting chore — particularly for a new homeowner who’s never seen a boiler up close, let alone drained one. But it doesn’t have to feel overwhelming. A home operates with the seasons, coming to life in the spring and hunkering down for the winter. Follow this natural arc all year long, and keep on top of the small stuff, and your house will run like a well-oiled machine. Read More
Your complete fall home maintenance checklist
Fall is the perfect time to take on several home maintenance tasks to help you avoid costly repairs down the line — especially during the winter season. Before the strong winter storms arrive, be sure your home’s heating system is working efficiently, your roof and gutters are structurally sound, and all the gaps and holes in your home are sealed up nice and tight. Read More
Top 10 Home Renovation Tips in 2022
There are a number of things to keep in mind when renovating your home. First, it is important to set a budget and stick to it. Second, it is important to choose the right contractor for the job. Finally, it is important to be patient and flexible during the renovation process. For more tips and advice, follow our page. Read More
