How To Get A Tax Break On Your Home Remodeling

It’s always a big discussion among many homeowners who are trying to figure out which tax deduction you’ll be able to get when you’re making improvements to your home. This topic even baffles tax experts at times being that the laws change so often, therefore trying to scramble to see which tax deductions still exist as well as new ones that may have come to be can be quite the task. Basically, if you want to do improvements to your home it should be for that fact that it’s going to increase its value and make your life more enjoyable, not because you might get some sort of tax break. More often than not, your tax advisor will be able to find some sort of deduction regardless, so don’t make that your first priority.

For the most part, there aren’t deductions for you to take advantage of. However, this doesn’t mean that you can’t benefit from a home improvement down the line. Improving your home will probably increase the value of your home, so that when you sell it, you’ll have more equity invested into it, and you’ll make more. So, even though there aren’t home improvement tax deductions for you to take advantage of, it nearly always works in your favor.

Don’t be discouraged however because there are times when a deduction can be made. One situation may be when you need to remodel or improve your home for medical purposes. For example, if someone in your home becomes disabled and you need to make an addition for a new bathroom, a new stair case, a bigger bedroom, or an assortment of other reasons, you might be able to obtain a home improvement deduction.

Since these are basically a medical expense, the improvement falls under the medical expense deduction qualification. Here’s basically how it works (right now, but things change rapidly), if you pay out more than 7% of your income for medical related costs, you then are eligible to get a tax deduction for them. It certainly wouldn’t be hard to spend more than 7% of your income to qualify for these home improvement deductions. One thing to remember however is that although your medical needs may qualify you for tax deductions, don’t just assume that your home improvement deductions will also qualify

When you need to do remodeling or make enhancements to your home for business reasons, this is another time when you may qualify for deduction. For instance, when you need to put an addition on the house, add another bathroom, or any sort of thing that adds to the functionality of your business, you may then qualify for home improvement deduction as it relates to your business.

Any time you operate a business from your home, you can deduct business expenses, and so remodeling shouldn’t be any different. However, again, while home improvements for business purposes might qualify for deductions, you shouldn’t assume that they would while in the process of remodeling. Never assume, always verify, and you should be fine!

Choosing a New Kitchen Sink If You Are Kitchen Remodeling

Every day, millions of homeowners enter their kitchen. Unfortunately, not all of those individuals like what they see. If you are unhappy with the way that your kitchen looks, it may be time for a little remodeling project.

Actually, it may even be time for a big remodeling project. When it comes to kitchen remodeling, you will find that, as a homeowner, you have an unlimited number of options. If you choose to do so, you could remodel everything, right down to the kitchen sink.

Speaking of kitchen sinks, there is a good chance that you if you are unhappy with your kitchen, you may want to purchase and have a new kitchen sink installed. If that is the case, you will have to find one that peaks your interest. When searching for a new kitchen sink, you are urged to check out one of your local home improvement stores. There is a good chance that there is at least one kitchen sink that you may want to have. Although there is a good chance that you may find the kitchen sink of your dreams at one of your local home improvement stores, there is also a chance that you may not. If this is the case, you may want to think about shopping online.

Bathroom Remodeling Made Easy Tips

Take a look around your own home. Is what you’ve been terming your “time-thrilled home décor” certainly just old fashioned? If so, perhaps it’s time for you to adhere the remodeling parade. The good rumor is: there heaps of simple, low detriment customs to give your home’s look a good harvest-me-up. You can found a fully new theme for your bathroom — such as contemporary, old world, or European — based on the draft of your faucet,” says Angie Coffman, director, Delta creation marketing for Delta Faucet Company.

Before purchasing a new faucet, it’s a good idea to do some preliminary examine. You may also want to believe the finances before start your pursuit, as prices can modify widely. You will find that there was many different styles and designs in bathroom faucets. Consider forward of time whether you want a lone-lever or a magnify-supervise faucet. Notice how the handles feel in the palm of your hand. Do you want something that is delicate or more important-task? Explore different spout designs and finishes as well. Decide about whether you want an escutcheon, the decorative plate beneath a faucet. An escutcheon would also hide mega holes that might be drilled in the sink.

Look for a faucet that installs simply — you may poster tongue like “nippy bond ” or “no adjust,” showing that least tools are mandatory. Pay closed attention to the untaken fallacy configuration on your sink. How many are there and how far distant are they? Do you essential a track-tear, 4-crawl crux-set, or a barrier-mounted faucet? Your release-export faucet may have three holes underneath, but you don’t necessarily have to supplant it with another lone-carry. There’s a project, called a “minuscule-widespread,” which provides flexibility for customers who have a single-lever faucet, but are looking to thrash to a twofold trade, widespread look. The Victorian Mini-widespread from Delta is an example of a faucet that offers elaborate, old-world styling in a slighter sink situation.

Make a Lasting Improvement

Look for a design that won’t shortly be outdated and one that will compliment the breather of your bathroom, “one that will pause out without sticking out,” according to Coffman. “Keep in psyche that you will possibly be using this new faucet for years, so select something that is enduring, versatile, and a variety that is considered unfailing.”

Installing high trait harvest in a bathroom will result in a high revisit on your home remodeling investment. That is why it is important to desire a faucet that offers long-lasting, care-open performance. You want to look for things like reliable brass construction and the visitors that offers an existence imperfect warranty, along with consumer defend, in instance you have questions while installing the faucet manually.

Now that you are equipped to give your bathroom the facelift it has been waiting at, have a few tools usable for the installation. A pair of adjustable pliers, along with an Allen anguish and sink twist, will possibly be necessary. Also choice up some silicone or caulk, and Teflon stick. Always fold impeded the instructions on your faucet for any other tools or materials needed.

Are Kitchen Remodeling Books Worth Buying?

Each year, thousands, if not millions, of Americans make the decision to remodel their kitchens. Kitchen remodeling can include something as simple as replacing your kitchen sink, but it can also include something extravagant, such as changing around your whole kitchen, from the lights all the way down to your flooring. As nice as it is to have your kitchen remodeled, it can get fairly expensive. That is why a large number of homeowners make the decision to do their own remodeling. When doing so, many turn to kitchen remodeling books for assistance, but are they really worth the money?

Before you can begin to determine whether or not kitchen remodeling books are really worth the money, it is important to examine exactly what they are. Kitchen remodeling books, also commonly referred to as kitchen remodeling how-to guides, are books that are designed to help readers know as much as they can about remodeling their kitchens. It is not uncommon for a kitchen remodeling book to be filled with directions, including step-by-step pictures, lists of materials needed, as well as safety tips. Kitchen remodeling books also come in a number of different formats. It is not uncommon to find a kitchen remodeling book that focuses on a number of kitchen remodeling projects or a book that just focuses on one project.

Now that you know what kitchen remodeling books or kitchen remodeling how-to guides are, you can begin to examine whether or not they are really worth the money. Perhaps, the easiest way to do this is to determine what you need to learn how to do. For instance, if you would only like to remodel your kitchen by replacing your kitchen countertops, it may be worthless to purchase a big kitchen remodeling book, one that focuses on a number of different remodeling projects. Your money may be better spent purchasing a kitchen remodeling book that has a specific focus on kitchen countertop installations. When installing your new counters, or just about anything else for that matter, you will often find that there is more than one way to do something. A detailed kitchen remodeling book, one that focuses on one project in particular, may help to give you more options.

When determining whether or not kitchen remodeling books are worth the money, it is also important to focus on what can be found inside them. Many times, you will find that most kitchen remodeling books come with written directions, as well as step-by-step pictures. Although step-by-step pictures are nice, not all books have them. If you need to see pictures of what you are doing, you will not want to waste your money on a kitchen remodeling how-to guide that does not include pictures. Also if you are looking for directions on how to do a certain project, such as replacing your sink, you will want to make sure that the book you are about to purchase has exactly what you need. Unfortunately, too many homeowners mistakenly believe that a kitchen remodeling book has exactly what they need inside of it. That is why it is important that you know what you are buying.

The cost of a kitchen remodeling book will also have an impact on whether or not it is worth it. Depending on where you shop, you should be able to find a collection of low-cost and affordable kitchen how-to guides. Kitchen remodeling how-to guides can be purchased online, from most book stores and home improvement stores. You can easily find kitchen remodeling books that sell for as low as ten dollars and some that sell for as high as fifty. What is nice about purchasing kitchen remodeling books is that you can decide what you want to buy, as well as how much you are willing to pay for it.

Since there are a number of advantages and disadvantages to using kitchen remodeling books, you will need to make your own decision. If you have little or no kitchen remodeling experience, you may find that a kitchen remodeling how-to guide is more than worth the money.

Advantages and Disadvantages of Buying Your Bathroom Remodeling Supplies Online

Have you recently made the decision to remodel your bathroom? Whether you would like to remodel every inch of your bathroom or just a small portion of it, you will need to buy supplies. The supplies needed will all depend on the remodeling project you need to complete. For instance, if you are looking to have your bathtub replaced, you will need to order a new bathtub. Whether you need a bathtub, new flooring, or even new bathroom cabinets, have you decided where you would like to shop yet? If you are like many other homeowners, you may be wondering whether or not you should buy your bathroom remodeling supplies online.

As previously mentioned, the bathroom remodeling supplies needed will all depend on the type of remodeling that you are doing. The supplies that you will need will also help to determine whether or not you should buy your supplies online. For instance, is you are looking to purchase a new bathtub it may be a little bit difficult for you to buy a bathtub online. Of course, it is always possible to do, but you may find it costly. Depending on where you would be ordering your new bathtub from, it may need to travel across the country. If that is the case, you may find the cost of shipping or delivery to be quite expensive. In fact, you may also find it too much to afford.

In all honestly, the cost of shipping is really the only downside to purchasing your bathroom remodeling supplies online. The truth is that are, literally, an unlimited number of benefits to purchasing your bathroom remodeling supplies online. One of those benefits is the amount of time that it will take you to do your shopping. Online, you could easily find thousands of different bathtubs available for sale. If you find a bathtub, or any other bathroom fixture that you need, you could purchase it without even having to leave your home. You can also save yourself a fairly large amount of time by shopping online. If you have an idea as to what you are looking for, it is possible to find, order, and pay for your kitchen remodeling supplies in as little as a few minutes.

In addition to the amount of time that you can save, by shopping for your bathroom remodeling supplies online, you also have a better chance of finding what you are looking for. Whether you are looking to purchase a new bathtub, a new bathroom sink, a new toilet, or bathroom floor tiles, the internet gives you access to hundreds of thousands of different items. This means that whether you are looking for low-cost remodeling supplies, elegant supplies, or those that are custom made, you should easily be able to find what you are looking for online. You can get started with a standard internet search.

Although there are more advantages to buying your bathroom remodeling supplies online than there are disadvantages, you will find that the above mentioned disadvantage is a fairly large one. If you are shopping on a budget, it is best to look for online retailers that offer shipping discounts for their bathroom remodeling materials, supplies, and fixtures. If you are able to find one of these discounts, you could, without a doubt, benefit from doing your shopping online.

10 Ways to Survive Building or Remodeling Your Home

1. Think of the project as a new diet.
Who doesn’t want to lose at least five pounds? This is one way to do it. Between running to stores all day and evening long, meeting with contractors, inspecting the work, searching the Western world for the perfect light fixture, who has time to eat? Provided you don’t sabotage this new, unorthodox diet plan, with McDonalds drive through, you’re good for losing five pounds. If you are a masochistic type who does some of the work yourself – whether it be painting, laying tile, landscaping the yard – you can count on another five to ten pounds of weight loss. Just think, you may be miserable, frustrated, exhausted, nd down right cynical about the good of the humankind, but your
jeans will fit nicely!

2. Write checks as aerobic exercise.
These workouts are great for toning the wrist and fingers. Usually done in hectic spurts as you race out the door in the morning while the contractors are breathing down your neck and your kids are beating each other with the lunch boxes you just prepared, the stress and frantic activity are sure to raise your heartbeat for a good hour. Grumbling under your breath that the plumber, electrician, or you name it, isn’t really worth this much money adds greater intensity and calorie burn to this little publicized exercise regime.

3. Save money through shopping burnout
Yes, even the most die-hard shopper will come to dread setting foot in any store. This affliction starts innocently enough as you go to look for light fixtures. How hard can it be? Hard! Either the light you want is being shipped from Yugoslavia and won’t arrive until your youngest child buys his own home, or you just can’t find the one you want. You’ll shop every lighting and electrical store you know. You’ll search Home Depot. You’ll haunt hardware stores. And then there’s plumbing fixtures. Sink centers, faucet handles, finishes, special orders. What’s all that about? And the cost. You’d think you were outfitting the palace for a former third world dictator. Of course, there’s carpet, tile, hardwood, stairs, siding, windows. Enough already. And you thought it was a pain picking mints and sweet
table treats for your wedding.

After your 1000th trip to Home Depot (or Lowes or Menards or whatever), in addition to all the other trips you’ve made for items that shouldn’t count as shopping (toilet seats, for example), you’ve had it. Your friends won’t be able to bribe you to check out the latest sale at Bloomingdales. You’ll think it will be better when you can pick out “fun” things like paint, wall paper, drapes, fabric, furniture – but don’t bet on it. At this point, the pressure to make your home look like something other than an empty rat maze will counteract any joy in shopping. Spending this much money has never been such a miserable experience. As a result, when your home becomes half-way presentable, you’ll refuse to shop again – even for groceries – for at least six months. The money you save during this shopping hiatus will be sufficient for you to resume this previously pleasurable past time
once more without guilt.

4. Impress your friends with obscure facts.
Only someone that has built or remodeled their home can explain the fluid dynamics of a proper toilet water swirl. Or cite the International Building Code that calls for no more than 6’ between electrical outlets. Or brag that triple glazed windows are really the wave of the future for light emitting device technology. See what I mean? 🙂

5. Pride yourself on your new creative skills.
You’ll discover a creative side that you never knew existed. Like how to wash dishes in the bath tub. And how to make a full course meal for a family of four using nothing more than a toaster and hot plate. Or how to fit an entire family in a house smaller than your first apartment. They say that necessity is the mother of invention. That’s probably true, but I also think that the only thing that separates modern and pioneer life is just one kitchen or bath remodeling project.

6. Yell at someone other than your kids – and not feel guilty.
Honestly, as a modern woman trying to juggle the running of our homes, possibly a job, and the future Olympic soccer aspirations of our children, you have the primal need to yell. At someone. Anyone. Often our spouse and children suffer from this need of ours to release pent up negative energy generated from nothing more than some miniature human leaving smelly gym shoes on the kitchen table. (Ok, that probably deserves a bit of yelling – we eat at this table!) But when you remodel your house, you have a whole cast of characters – and believe me, they’re characters – that often deserve a good scream from time to time. Like when they tell you that they tore out the fireplace because they didn’t think it looked right. Or when they show you a mistake made three weeks ago that now requires half the house to be torn down in order to fix. Yelling isn’t immature or a result of too much estrogen, it’s therapy.

7. Throw out (finally) your significant other’s treasured [fill in the blank] from his bachelor days.
You know what I mean. It could be the semi-nude poster he won’t get rid of. Or his collection of exotic beer cans. Or all of his Sports Illustrated magazines since the Chicago Bears last won the Superbowl. Now is the perfect time to get rid of it. If you need to move out of your house while the remodeling is done, or you are moving to a new home, such an opportune time may never occur again. Say it won’t fit in the rental house. It’s either this or his golf clubs. Gently remind him that the sentimental item really serves as a reminder of his advancing years. Anything. Get rid of it. It will be one positive you can remind yourself of when the stress of remodeling makes you feel that this project was the biggest mistake of your life.

8. Grow closer to your family through forced bathroom sharing.
The saying goes that absence makes the heart grow fonder. Perhaps that wise pundit had to share a closet sized bathroom with three kids and a spouse. In reality, there’s no greater way to create intimacy in a family than by all trying to get ready for the morning in the same 7’x 5’ space. You’ll learn new exciting things about your children – like toilet paper is purely optional for little boys. You’ll discover that there is no bond quite like the one created when the entire family brushes their teeth together over the same sink. You’ll realize why the older generation of your relatives only washed their hair once a week instead of facing communal bathroom time. But most importantly, you’ll no longer need to yell at your kids to hurry up for school – they’re standing right next to you.

9. Earn free flights from all of your purchases.
In what is admittedly (and somewhat sheepishly) the only practical survival tip on this list, get an airline mileage credit card. Charge everything on it – lights, plumbing fixtures, windows, doors, lumber, carpet. The windows alone can get you close to one free trip. Whether you decide to share your miles with anyone else in the family or to escape on your own to a world of quiet solitude and, preferably, an open bar, is entirely up to you.

10. Hire some good looking contractors and feel like you’re 15 years old again.
Hey, guys get a whole chain of restaurants and bars where the main attraction is busty waitresses in tight t-shirts (Hooters). Why can’t us gals have some eye candy once in a while? Besides, it’s a productivity tool. You’ll be more likely to inspect the job or meet the architect if some young, fit, good-looking men are there – especially in the summer months when shirts tend to become optional. For example, we once hired a roofing crew of male model wannabees for a house we built. My husband called them the “Beefcake Roofers.” They created quite a stir in the neighborhood that summer. Let me tell you, it made rushing to stop by the house to go over notes with the trades first thing in the morning a bit more interesting … and much more fun!

Finally, remember, the end result of your new house will be worth the aggravation of the process. Plus, think of all the good stories you can tell!

10 Neat Ideas To Consider When Remodeling Your Bathroom

Out of all the home improvement projects, few can provide the benefits of a bathroom remodeling project. Remodeling the bathroom is a great way to add real value to your home. On the plus side of that, it will increase the enjoyment level of yourself and your family.

There are a number of things to consider before undertaking such a major project. They are:

1. Keep your eye on the ball. It is important to see the bathroom remodeling project as a whole project. Even though there are many small hurdles to tackle, it is important to see the project as a whole.

2. No remodeling project can be successful without a realistic budget. Take the time to draw up an honest budget, and try your best to stick to it.

3. Get a reliable contractor. For most people, remodeling the bathroom is not a do it yourself project. It is important to find a contractor who has experience with plumbing and remodeling bathrooms.

4. Get a detailed inspection of your bathroom done before you start. A good idea would be to have a plumber inspect your bathroom for leaks and other problems before you start.

5. Now is your chance to be more energy efficient. Chances are you will be able to save money in the long run by installing low flow toilets, water saving showerheads and other energy efficient fixtures.

6. Stay organized. Proper organization is essential to a successful bathroom remodeling project. Use a calendar to keep track of important deadlines, and remain organized as you go forward.

7. Draw your proposed bathroom design. If you want a larger bathtub, or even a jettub, be sure to draw it out and make sure you have enough space. There is also software where you can input your design including fixtures, furniture, flooring and more. Either way works great.

8. Storage space is at a premium in many modern bathrooms. See if you can remodel to gain more cabinet and storage space.

9. Be sure to shop around for what you need in order to get the best price. The prices on the same fixtures can vary quite a bit between stores.

10. A fresh coat of paint can make a huge difference when remodeling the bathroom, but many people fail to take this important and inexpensive step.

I also suggest that you go out and have fun looking at the bathrooms in show homes. They have all of the latest trends in the marketplace and will save you much time and effort in trying to come up with ideas yourself. This would be a great aid in the placement of fixtures and you can see, for example how important cupboards and storage are. The main thing to remember is have fun and enjoy the project and your new bathroom!

4 Ways To Finance That Renovation

So you have finally purchased that 19th century farm house that you have always pictured yourself living in the problem is how do you finance the restoration? It is easy to get mortgages for the value of the home even a little extra if you have a good credit rating but today a renovation can cost more than the original purchase price of the property.

The first option s to look at your available assets. You can get a home equity loan if there is any equity in your house. Use your credit cards for short term renovation or borrow money from your parents these ideas are only usable in a short term renovation once the renovations completed you should be able to refinance your home and pay of the relatives, high interest credit cards and roll your home equity loan into your mortgage.

You may be able to get a “line of credit” a line of credit is usually easy to get up to $30,000.00 with out much effort and with a minimal amount of paperwork these lines of credit are good for short term renovation that are under the $100,000.00 dollar mark. The interest rates tend to be on the high side but you can draw out the money as you need it and only pay interest on the cash that has been withdrawn and again once the renovation is completed you can refinance and pay of the line of credit and combine all your loans in the mortgage.

Depending on the scope of your renovation you may be eligible for store loans and credit card offers. Many home stores now have their own credit cards they offer deal such as interest free credit for one year you may be able negotiate a longer term. The important thing here is to pay off the loan/credit card prior to the free period expiring otherwise the interest will revert back to the initial purchase. Some stores will also offer you a interest free construction loan for your project the terms of these construction loans vary from store to store read the fine print carefully like the credit card deals these usually have a time limit. Again one the renovation is completed you can refinance and pay off the loan avoiding high interest dept.

Construction loans are generally reserved for larger projects this kind of loan is a short term loan the money can be taken as needed and interest is paid on the money that has been taken out. Almost everyone now offers construction loans this completion has brought the costs of these loans down. The nice thing about construction loans is that you can withdraw the money as you need it once the renovation is done you can refinance and have one closing and one mortgage. One thing you should keep in mind when shopping for a construction loan is the fees and finance charges as always keep an eye on the fine print for hidden charges.