When you plan your summer vacation trip, you are focused on when, where and how long. You can add even more enjoyment to your trip by ensuring your home is safe and secure while you are away. Here are some suggestions for all homeowners and those with Fairfax Homes for Sale to help put your […]
The money you spend on your home is treated different when it comes to income tax. When you make necessary repairs to your home to maintain its condition, these repairs are not tax deductible. But any capital improvements you make to your home will increase the base price of the home and add equity. You […]
It’s April and once again tax time is upon us. As a tax payer, you are allowed two options for deductions; standard or itemized. Interested tax payers will compare each method to see which one is more advantageous. Some tax programs like Taxcut and TurboTax® make the comparison for you and suggest the best outcome. […]
When buying a home you may be given the opportunity to prepay some interest in the form of “points.” This allows the buyer to bring down their mortgage interest rate by making upfront payments. Points can also be paid for building a home or for improving your principal residence. However, points paid when you refinance […]
Have you ever heard of a water meter key? You might want to read the rest of this post and find out what it is. My suggestion to homeowners with Fairfax homes for sale: buy one before you need it. Oh, no! It’s 3 o’clock in the morning and a pipe just burst. Water is […]
The average worker has to earn two dollars for every dollar they want to spend assuming they are paying 50 percent of their earnings in social security, income tax and Medicare tax. By reducing your personal expenses, you get back 100 percent of that money because it is usually spent after taxes. A new year […]
Do you use incandescent or fluorescent lighting in your home? Thinking about changing over to LED lighting? Now might be the time. Prices have dropped on the cost of LED fixtures considerably. Start off your new year by making an investment in changing your lighting in your home. The ratings on the newer LED bulbs […]
December 31 2013, the Residential Energy Efficiency Tax Credit will expire for the second time. First enacted in 2011 it was renewed to cover 2012 and 2013. Good news is that there is still time to make qualifying improvements to your home before the 31st. If you already made improvements but didn’t realize they were […]
Burrr! Winter is here in a major way for most of the country. Are you ready? You or your neighbor may be wishing you paid more attention to those winter maintenance items before now. Don’t count yourself out if you live in a warm climate either, check these items at least once a year. Weather […]
As a homeowner, you are probably familiar with the most popular reasons to refinance your home: building equity and saving loan interest. However, there is another reason to refinance that you might not have thought about which is removing someone from the loan. If or when there is a divorce case, and one of the […]
