If you own residential rental property, you likely have a goal of maximizing your cash flow from your investment(s). One way to do that is by standing out from other properties that potential tenants are considering, but without breaking their housing budget.
Summers in Florida can be a great time to take a break and explore all that the Sunshine State has to offer, including a long list of beautiful beaches, challenging hiking trails, and fantastic theme parks.
While many homeowners have a “wish list” of renovations that they would like to complete, one of the biggest drawbacks can be the cost. In some cases, it may make sense to dip into savings so you can quickly get the work paid off, without the need to pay more via interest charges.
COVID-19 has changed the way we work – possibly on a permanent basis for many. Given the significant overhead expenses that can be saved by companies, home offices are becoming the norm, rather than the exception.
Renovating your home can allow you to have the ideal floorplan, design, and amenities for your specific needs and wants. But depending on the extent of your updates, the project could require a significant investment of both time and money.
If you’re considering a home improvement project, you may be looking at some added expense to get things the way you want them. But you could also obtain at least some financial relief in the form of a future tax deduction – depending on the type(s) of renovations you make. This is because, typically, these types of deductions will come when you sell your home, and not necessarily in the year they are made.
With more people working from home these days, the demand for office space in residences has skyrocketed – and this trend isn’t showing signs of slowing down any time soon. So, what are some of the trends in home-work spaces for 2021?
Gone are the days of thick wallpaper, wood paneling, and shag carpet. While these may have all been “groovy” for the Brady Bunch back in the 1970s, if your home still has these features, it may be long overdue for an upgrade. This is particularly true as many people are spending much more time at home these days.
With the long-lasting impact of the COVID-19 pandemic, many people have transitioned themselves to working and learning from home. This, in turn, has caused a significant spike in home renovation projects – particularly those that have to do with creating home office space and/or private areas for kids to participate in virtual classes.
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