Sacramento CA Real Estate Podcast with Thomas March - Top Homeowner Tax Deductions That Decrease Your Tax Burden

Top Homeowner Tax Deductions That Decrease Your Tax Burden

04/04/17 • -1 min

Sacramento CA Real Estate Podcast with Thomas March

You can't avoid paying taxes, and we all need to pay our fair share. However, paying your fair share shouldn't place an unjust burden on you.

As a homeowner, your tax burden is doubled because you pay both income and property taxes. To decrease that burden and boost your tax savings, take advantage of these homeowner tax deductions. As a result, you can use your tax savings to go on a vacation, increase your child's college fund, build upon your retirement fund, or complete another home improvement project.

HOME IMPROVEMENT TAX DEDUCTION

You spend so much of your time at home, and you try to make it as comfortable a place to live as possible. If your home needs some upgrades, consider improvements that will help foot the bill for themselves.

Switching out your old windows for energy-efficient ones could earn you $200. This credit expires this year on December 31^st. So, this year will be your last chance to take advantage of getting tax credit for making your home more energy efficient.

Also, installing equipment that uses renewable sources of energy makes you eligible for the Renewable Energy Efficiency Property Credit. The credit covers 30 percent of the cost of equipment and installation. This credit also expires this year on December 31^st.

MORTGAGE INTEREST AND REFINANCING

You can't avoid paying taxes, and we all need to pay our fair share. However, paying your fair share shouldn't place an unjust burden on you.

HOME IMPROVEMENT TAX DEDUCTION

MORTGAGE INTEREST AND REFINANCING

Previous Episode

What Are Most Buyers and Sellers Doing Wrong in Our Market?

There are many great Placer and Sacramento area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (916) 529-5342 for a FREE home buying or selling consultation to answer any of your real estate questions.

Did you know that in a recent survey 68% of buyers said they were not satisfied with their real estate agent's home buying process? Statistically, 70% of buyers choose to work with the first agent that they come into contact with. When you look at it this way, it's no surprise that so many people are unsatisfied with their agent. For instance, 85% of sales agents have no specific certification or designation related to working with buyers.

I am a certified home buying expert advisor. What does this mean? Well, it means we have a proven, repeatable system backed by market research to find the best home negotiated at the best price and terms. This system has been featured on major news networks, such as CNBC, CNN, MSNBC, CBS, Fox News, and ABC, So, if you're looking at hiring the first person you come across, chances are you won't be working with someone who has the skills necessary to accomplish your goals.

Did you know there is no single price of a home? The value is determined by 115 different variables. Our proprietary VIP Elite Buyer Preferred System has identified over 80 variables involved in the home buying process. These need to be managed correctly to ensure you find the perfect home. Without a proven system, you risk overpaying when you buy, or possibly missing out on your dream home altogether.

If this is the first time you've heard this, you're not alone. Most agents don't even know about these variables and the process. Our One of a Kind Buyer Elite Preferred System is a guarantee of sorts that you are going to have success. I am a certified negotiator, which means my team has the skills to negotiate the best price and terms for your home. We are so confident we'll get the job done right that we guarantee to save you at least $5,000 on your home purchase or we'll pay you $1,000 out of our pocket.

We're really invested in not just finding you a home at a great price, but finding you the right home. Our one of a kind Love It or Leave It Guarantee protects you, as we've seen that some buyers are unsure about their purchasing decisions. We'll get your home at the best possible price, plain and simple. If you purchase a home and aren't happy with the home within 24 months of working with us, we'll either buy it back from you or sell it for free. That's how sure we are about our services.

If you're interested in these one-of-a-kind programs, give us a call or sh...

Next Episode

Top 5 Home Design Trends of 2017

The current trends are all about utilizing rich color, maximizing texture and creating comfortable interiors you can’t wait to relax in. Use these trends to get inspired to makeover your home’s interiors and create spaces you love that also appeal to your personal style. Remember, if you plan to sell in the next few years, you may want to avoid doing anything dramatic and instead incorporate small changes that would appeal to buyers.

Why are these trends gaining popularity?

The underlying theme of these trends is creating a home environment you love; one that appeals to your emotions and feels like a retreat from the stresses of the world. Although the home is a place where you can relax and spend time with loved ones, work expectations are beginning to blur the line between work and home. Even if people don’t work from home specifically, many are stretching their work hours into their evenings and weekends to complete work projects.

It’s no wonder the Nordic concept of hygge (most often pronounced “hoo-gah”) has become a hot trend. A centuries-old concept, incorporating hygge in the home means creating simple and comfortable spaces that make you feel cozy and safe and appeal to your senses.¹The emphasis is on simplicity and fostering positive experiences, whether you’re spending time with family, reading a good book or catching up on work emails.

WARM AND RICH COLORS.

Whether you want to play with a bold color or stick with neutrals, one thing is clear—paint is the foundation of a great design. Painting your interiors has a return on investment of about 75 percent and is a relatively inexpensive project to complete, costing between $25 to $100 for paint alone.²If you’re thinking of refreshing your home’s interiors with a coat of paint, popular colors include warm taupe, fresh green and dark tones. These colors are popular choices because they evoke feeling of warmth and coziness when you walk into a room.

Wondering how to pair these colors? Taupe is the perfect alternative to traditional neutrals, such as gray and white, and goes well with cool blues, earthy greens and deep shades of wine. Green goes well with other earthy shades, such as copper and moss, as well as deep plum and bright pink. If you’re hesitant to paint your walls green, incorporate it into your home by way of accent pillows, rug...