Home Improvement Loans
“We realized in our recent house owner regrets survey that almost 1 / 4 of responding owners were planning major renovations this 12 months.” The home enhancements with the best ROI are projects that add functional space and square footage. Common examples are finishing basements, addition projects that add bedrooms/bathrooms, and new kitchens. Home enhancements that qualify as capital improvements are tax deductible, but not till you promote your home. Before you begin an enormous home renovation project, be sure to know what constitutes a capital gain versus a restore, as many repairs usually are not deductible.…