Dave & Debbie Simpson
Re/Max Metro
"Double" The Quality ... "Double" The Service
office (502) 895-2222 email ddsimps@bellsouth.net
Dave's Cell (502) 744-8191 Debbie's Cell (502) 744-8190

Real Estate Market Updates

Tax Deductions For Homeowners

 

As always it seems to be tax time! Just a reminder Homeowners have a special tax deduction that renters do not. A Homeowner can deduct both the interest on their mortgage and the amount paid in property taxes. If you bought a home last year, you could be eligible to fully deduct any points you paid to obtain a mortgage. Or if you sold a home last year, you could deduct any points that have not previously been deducted. If you refinanced your home in recent years, you may have points you did not write off and could qualify as a deduction. Don't forget deductions are allowed for home office space or any interest paid on a home equity loan. These are just a few items to discuss with your accountant!

New Home Trends

 

The market tends to be moving toward larger homes on smaller lots. Floor plans are attempting to meet the need of a more relaxed atmosphere by adding adequate rooms to allow for entertaining. Living rooms tend to be smaller while enhancing bathrooms and adding extra amenities that make our lives more enjoyable.
    Kitchen trends include:
  • Hardwood floors
  • Ceramic tiles
  • Solid surface countertops
  • Variety of appliances
    Hold a strong appeal!

 

Spring Check List
 
  • Check all weather stripping and caulking around windows and doors, especially if you have air conditioning.
  • Check outside house for cracked or peeled paint; caulk and repaint as necessary.
  • Remove, clean, and store storm windows (if removable).
  • Check all door and window screens; patch or replace as needed; put screens up (if removable type).
  • Replace filters on air conditioners.
  • Check and clean dryer vent, stove hood, and room fans; change or clean filters on furnace.
  • Check seals on refrigerator and freezer; clean refrigerator coils; clean burner surfaces; adjust burners.
  • Clean fireplace; leave damper open for improved ventilation if home is not air-conditioned.
  • Check basement wall and floor for dampness; if too moist, remedy as appropriate.
  • Clean dehumidifier according to manufacturer's instructions.
  • Check for leaky faucets; replace washers as necessary.
  • Check attic for proper ventilation; open vents.
  • Clean drapes and blinds; repair as needed.
  • Life Expectancy of Major Home Items
    NOTE:    Below are median prices.   
    Cost may vary depending on locale and stores
    Home Item Est. Life Expectancy Est. Replacement Cost
    Shingles 12 - 20+ Years $65 - $310 per 100 sq. ft.
    Water Heater Approx. 14 Years $300 - $700
    Air Conditioner Approx. 10 Years $240 - $700
    Dishwasher Approx. 10 Years $240 - $700
    Refrigerator 14 - 17 Years $350 - $2,000
    Range Approx. 17 - 19 Years $280 - $2,050
    Microwave Approx. 11 Years $300 - $5,000