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Cosmetic Improvements >Cosmetic Repairs
The better your home in looks while it is on the market, the more likely it is to sell quickly, and for the best price. When you have a listing appointment with a real estate agent, the agent will provide a detailed market analysis along with the advantages of listing with their company. He or she will then go through your home with you and make suggestions about cosmetic repairs that will help to present your home at its best.
The real estate agent's recommendations can make some sellers uncomfortable and a little defensive because they are reminders of all the "little" projects they have postponed. Real estate agent's occasionally encounter a homeowner who "has it all together", but such people are rare! Most sellers need suggestions about repairs that will make their home show well, and providing these ideas is an important part of a real estate agent's job.
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| Q |
What is the maximum interest you can deduct on your federal tax return to purchase or improve a first or second home?
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| A |
One of the greatest benefits of home ownership is the federal tax deduction for interest up to, but not exceeding, $1million. |
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