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Maximizing Tax Advantages of Owning a Home

Eppraisal

While renting offers flexibility and freedom from property maintenance responsibilities, owning a home can provide substantial tax benefits that can positively impact your financial situation. Property Tax Deduction Homeowners are also eligible to deduct property taxes paid on their primary residence from their taxable income.

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Home Appraisals for Rental Properties

D Fritz Appraisals

Investment Property Appraisals – What You Need to Know. Let’s take a look at investment property appraisals because it doesn’t look like our gold rush of a real estate market is slowing down anytime soon. Mortgages, property taxes, and utilities aren’t going to get much cheaper, so what’s a viable solution?

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. They are also used to assess the value of the home for home improvement loans and insurance evaluations. What is a Home Appraisal and Why is it Important?

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The Pros and Cons of Buying a House

PennyMac

Mortgage interest and property taxes may be tax deductible. Property taxes and HOA fees are the buyer’s responsibility. Buyer has full control over home improvements and upgrades. Homes frequently increase in value over the life of a mortgage. Typically a long term investment.

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Zillow Estimates vs. Appraisals: Why Zillow Shouldn’t Be Used for Appraisals

AmeriMac

They’ll physically inspect the property and look at a wide range of different characteristics. These include not only the condition of both the inside and the outside of the house, but also the amount of land it sits on, certain home improvements that have been made since the time of the last sale and more.

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Does Refinancing Affect Your Taxes?

Assurance Financial

If you have equity in your home, you may be able to leverage it through a refinance. Your home is likely your largest asset and most long-term investment, and refinancing your mortgage may allow you to get the most out of your investment. Make a Capital Home Improvement. Building an addition or new bedroom.

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Does Adding an In-Law Suite Pay Off?

Empire Appraisal Group

If you’re building an ADU primarily for the extra income, recognize that any rent you charge could be at least partially offset by increased costs, such as higher property taxes , larger homeowners insurance premiums and payments on loans used to construct the unit, among other expenses. Copyright 2022 The Associated Press.

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