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is there really a no interest government loan for home improvements?

Home Improvements

by PB-PSBear

Question by : is there really a no interest government loan for home improvements? i heard there is a no interest government loan for home improvements and you dont have to pay it off until you sell your house. is this true? if so, how do i apply for the loan?

Best answer:

Answer by JoNot that I’ve heard of. The only thing you can do, is certain improvements can be taken off your taxes next year at half the price you paid for them. They have to be energy efficient projects like new windows,doors, sealing up

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Category: Home Improvements | 38 comments

Q&A: How am I able to deduct from my tax return, any home improvements made on my home?

Home Improvements

by PB-PSBear

Question by jrhbear: How am I able to deduct from my tax return, any home improvements made on my home? My wife & I have made a number of improvements to our home in 2006. New roof, new deck, new windows & doors. Are we able to deduct the costs from our 2006 tax return?

Best answer:

Answer by SuzeYYou can’t deduct those costs from your tax return. Instead, those amount are added to the total cost of your home (also known as basis).

However, if any of those items are energy star rated, you might qualify

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Category: Home Improvements | 34 comments

Q&A: Home Improvements?

Home Improvements

by PB-PSBear

Question by Nandi: Home Improvements? I want to replace the existing windows in my home with the energy saving windows that are always advertised. My question is: has anyone replaced theirs recently-if so, did you choose the double pane or the triple pane windows. The triple cost about $ 15,000 to replace the ones in the upstairs of my house, and the double might only be around $ 6,000. However, if the energy savings is vastly different, then it would be worthwhile to pay more for the better “quality.” I am also thinking in terms of resale

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Category: Home Improvements | 6 comments