Question by Jerome W: Can I ask for money back for home improvements in my offer? I want to put an offer down on a property, but it needs about $ 20,000 worth of work. Can I request in the offer to get money back at the close of escrow to make these improvements? If not, what are my options? I live in Southern California if that makes a difference. Thanks! Best answer: Answer by Johnno Give your answer to this question below! Question by Bill Spry: Bank told me my credit was great and I’ll get to finish home improvements.? After refinancing I’ll have enough to finish my older home (new roof, bathroom, driveway) but my loan will be just under what the house is worth now before improvements. I hate to remove that equity but if I stay here 3 more years will it be worth it? Best answer: Answer by Pilgrim POnly you can really decide that. It’s great that your credit rating was good though. What do you think? Answer below! Clips from Home improvement Continue reading Bank told me my credit was great and I’ll get to finish home improvements.? Question by : Can home improvements be written off if done to create an office to work from home? Our basement is unfinished. I have been offered a job that allows me to work from home. If I finish a portion of the basement to build an office can this be a tax write off? The room will be exclusively used for work. Best answer: Answer by the tax ladyLet’s assume you actually meet all the criteria to have a home office. You spend $ 10,000 to finish off the basement. You do NOT get to deduct $ 10K Continue reading Can home improvements be written off if done to create an office to work from home? by PB-PSBear Question by EspressoRx: Easy home improvements to speed up the sale of my home? I am planning on listing my home later this month, are there any tips to make my home seem more appealing? I was thinking about getting some flower baskets by the front door. Best answer: Answer by kcsgrrl2205Landscaping, fresh paint, and if you can afford it vinyl windows. (Mass curb appeal!!) Give your answer to this question below! Millions of us will be spending most of our time indoors over the next couple of months with winter well and truly Continue reading Easy home improvements to speed up the sale of my home? by PB-PSBear Question by Midnite Angel: What home improvements can be taken off as deductables on 2007 taxes? I had some home remodling done and on tv on home repairs show it told that a lot of that is tax deductable. I haven’t been able to find anything on the web on it. I kewpt all of my recepts for last year on all of the repairs or improvemts on my home. Best answer: Answer by Kate BYou can’t deduct them. You add them to the cost of your house when you sell it, thus reducing your gain for Continue reading What home improvements can be taken off as deductables on 2007 taxes? |
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