There are some great benefits that come with homeownership. Things like the ability to make improvements to your home increased wealth due to an increase in your home’s value through the years, and certain tax advantages. But what if you recently bought a home, are closing costs tax-deductible? Before answering that question, it’s a good idea to understand what closing costs are…
Category: Design
What Is a Mother-in-Law Suite, and Does It Add Property Value?
What is a mother-in-law suite? In its simplest form, a mother-in-law suite is a residence created within a home, an addition built onto a home, or a separate dwelling unit intended for the use of an in-law or relative. The suite can be either connected to or built on the same lot as a home that’s occupied by other family…
How to Prepare for a Home Appraisal: 9 Tips to Maximize Your Home’s Value
The home appraisal is your last chance to ensure your home’s value comes in as high as possible, which is especially important since most offers you’ll receive will be contingent on the buyer acquiring financing from a mortgage lender. Basically, the higher your home appraisal is, the smoother the home selling transition will be. Taking the time to prepare your…
Why Right Now Consulting with a Tax Attorney, a Property Tax Specialist or Trust Lender is Crucial, When Inheriting a Home in CA
As the rebounding economy in California shows signs of declining again, this time due to the Covid Delta Variant upsurge – every dollar counts now, for middle class and even upper middle class families… As California enters the Fall of 2022, and consumer spending tightens again, employment is becoming more unstable, shut-downs loom, and companies that are suffering again turn…
7 Home Insurance Myths Debunked
You never know when a disaster will strike and damage your home – whether it be storm damage, fire damage, or a burglary. One way to ensure you have financial protection in case of an emergency situation or unexpected event is through home insurance. However, there are many home insurance myths that can lead homeowners to a costly discovery of gaps in…