Category Archives: Homeowner Tips

Energy Pirates

As a homeowner, the largest expenses you will have after you pay your mortgage payment is for energy consumption. Factors that contribute to the amount you will pay are air leaks, amount of insulation, efficiency of your heating and cooling system, water heater(s) and lights. However, some of your appliances can be energy pirates when […]

Are you safe at home?

Everyone wants to feel safe and secure in their home. It is the only place you can truly be you. But we can take our feeling of safety for granted and we do need to remain vigilant about not compromising our safety. Below are some tips to help stay safe. An inviting home invites everyone […]

Deduct Your Interest and Lower Your Rate

America’s credit card debt is back and at levels we saw prior to the recent recession. According to Weekly Credit Card Report, APR’s are running just under 16 percent. But homeowners have an advantage that renters do not when it comes to dealing with high debt. Debt advisors will tell you that you need […]

Estate Planning – Don’t put it off!

You need estate planning! In the event of your death or incapacitation, these documents will be used by your executor(s) to make decisions for you. Your surviving spouse, adult children, minor children, property and your investments will all be factors for decision making and will only benefit if you get it done. Will – used […]

Tax Benefits of Home Ownership

In 1913, the 16th amendment introduced personal income tax and U.S. taxpayers have enjoyed specific tax benefits for home ownership. These tax benefits may not be the reason why most people buy a home, but they are real and are not available to people who rent. Changes made to the capital gains tax code in […]

Proof you made the purchase

When you experience a loss of property, your insurance company will ask you for the proof of purchase which can take two forms; a purchase receipt or a current home inventory of your personal belongings. Even if you are a highly organized homeowner, you might find it challenging to locate receipts for all the valuables […]

Gift a Home or Inherit it?

The other day someone called a radio talk show and had a situation that troubled the caller and is also disturbing to listeners because of the potential tax liability and steps that can be taken to avoid it. The elderly father of the caller had switched his deed on his home to his daughter a […]

Make it Your Principal Thing

Most American believe that they will have a car payment and a house payment for the rest of their lives. But if you get a plan and a little discipline you don’t have to be in that majority. You plan should be to make additional principal contributions to your fixed-rate mortgage which will shorten the […]