San Francisco Real Estate - Janice Lee

Best Bet Home Improvements Sure, you can spend a lot on something purely for the personal pleasure of having it—like that outdoor Jacuzzi under the attached gazebo—or you can go the practical route and make an improvement that will increase your home's market value. If you're looking to improve the appearance of your home for resale, or you just want an updated look for your own enjoyment, consider a few things before beginning any costly project.

If you're thinking about buying a new home there are many things to consider, including the tax benefits of owning a home. Sure, filing taxes may become a little more complicated, but you may be able to deduct home-related expenses and the savings on can add up to thousands or even tens of thousands of dollars. Because the tax rules for homeowners can be tricky, I recommend you consult with a tax professional before deciding what you can and cannot deduct. But in general, you can figure on a number of significant tax breaks associated with homeownership, including:

Just Sold 2909 Jennings Over Asking All Cash $650,000! Represented Seller. This property was featured in SFGate.com. My client purchased the property for under $300,000 in San Francisco Bayview District in 2014. Negotiated a lower price after getting in contract. Is that even possible? My clients remodeled  the property and sold for a huge profit. #SF # Flipping #Investments #RealEstate # Listing #Selling Before and after 2090 Jennings.

The current federal and state tax laws favor and generously reward home ownership. There are numerous ways a condominium, co-op or townhouse owner will save on taxes while building equity in their property. All of the interest paid toward a home mortgage is fully tax deductible. For example: If the total mortgage payment is $3,000 per month (where in the early stages of your mortgage most of the payment is interest), let’s assume the interest is $36,000 per year ($3,000 x 12). If you are in the 28% tax bracket, a $36,000 deduction means a federal tax saving of over $10,000. Meanwhile, the property continues to appreciate in value as your home grows in value.