Simple Tips For Low Cost Home Improvements

Have you been thinking about remodeling your home? Keep in mind that you can often achieve your goal without a giant expense. Small improvements introduced in almost every room, including the exterior of the house can make all the difference.

Here are a few tips to get you started:

Keep it clean and keep it simple!

A clean and neat house is appealing and eye-catching. You can start improving the appearance of your house simply by cleaning out the debris. Try making your garden look like an ideal place with some weeding and cleaning out the flower beds. Paint the front door to give your home a more welcoming feeling.

De-cluttering is also a part of cleaning, so get rid of things you don’t need to make room for new ones. The first glance is usually enough for a selective buyer to quickly estimate a house.

Does the exterior of your home need repainting? Is there a walkway that you can highlight by introducing some flowers? Remember to keep it simple. Focus on making things neat and tidy.

Two hot spots of every home:

The two most closely inspected rooms of a house are the kitchen and the master bathroom. If you are looking to focus on two hot spots, these are the interior rooms where the most value can be added during a sale, so make them look their best to increase your return on investment.

Is your kitchen may be in need of an upgrade? A well updated kitchen will dramatically increase the value of your home, so focus on spicing up this room to grab buyer attention. Renovating your kitchen using modern d├ęcor is going to instantly improve the value of your home. Many times a buyer will compromise on other rooms and will buy a home just because its kitchen is well-maintained and inviting.

The same holds true for bathrooms, especially the master bathroom. You will charm open house-goers with modern upgrades like dual vanities and soaking tubs in your master bath. Replace the faucets and clean up the bathroom counter. We would again emphasize on simplicity because for easy maintenance.

What to Invest in?

So, you’re done de-cluttering, cleaning and upgrading. What’s next? Well, if you are willing to make a good upgrade investment, it is recommended to divide your renovation plan into four parts to bring impressive improvements to your home. Here are the four areas you may want to seriously consider upgrading:

Lighting: If you are not satisfied with the lighting system in your house, replace it.

This would entail buying lighting fixtures and other equipment for each room to make it look consistent and attractive.

Plumbing: Many old homes have rusty pipes and some leakage in the plumbing that needs attention. Your home will not sell fast and at a price you have in mind if you haven’t already upgraded the plumbing system.

Flooring: Most people nowadays look for hardwood floors or alternatives that are easy to manage and provide health benefits instead of carpeting. Tiled floors are also fairly acceptable. If you think this improvement would bring you higher profits, make the investment without delay.

HVAC Replacement: Today new energy-efficient HVAC systems are being introduced to the market that incur a one-time cost and help you save huge amounts of money on utility bills. You can add a unique selling feature to your house by making this replacement part of your home improvement strategy.

What’s really worth repairing?

Remember that not all things are worth repairing; some need to be thrown out and others need to be replaced. This is a good principle to follow when staging a home.

Inspect every aspect of your home and then come up with a plan within your budget to bring a fresh crisp look to your home. You may want to replace outdated appliances in the kitchen with new modern models. Repairing old appliances is not an option. If your budget doesn’t allow an appliance upgrade, simply give the ones you use a color-boost to improve their appearance.

If you already have wooden floors installed at home, look for scratches and be prepared for some refinishing. Wooden floors are highly desirable, even if they are old and worn. Give them a little lift-up to make them more attractive and appealing.

Nowadays energy-efficiency has found its way into many of our systems including the windows. Home buyers look for the latest windows and other systems that are designed as energy-efficient since they provide a number of economical, health and environmental benefits. Replace your old windows for new energy-efficient windows to improve the value of your home.

If your bathroom floors are tiled, look for any flaws or cracks especially if the tiles are white or light-colored. These types of flaws are hard to conceal even if you arrange everything else very neatly. So, before investing in other bathroom accessories replace a cracked floor tile.

How to Claim Home Improvements on a Tax Return

Did you know that home improvements qualify for deductions on your Federal taxes? Due to current market conditions and the downturn in the real estate markets many homeowners are opting to improve the existing home over upgrading to a new home. These home improvements most likely qualify as deduction on your taxes and can be used to reduce the amount you owe on your annual taxes.

What Home Improvements Qualify for Tax Deductions?

Any home improvement which is done for medical reasons such as elevators, ramps, raised sinks and door widening may qualify for a tax deduction. With proper documentation as to costs involved you can recoup a percentage of your home improvement costs but without the right receipts you will have nothing to make a claim with.

Improvements on your home related to energy savings may be eligible for tax credits and rebates both from Federal, State and local governments. In some states you can get as much as 25% of you total cost reimbursed to you for the installation of energy efficient heating and cooling devices. Home energy improvements are also beneficial for lowering your electric bills and additional savings over time. Improvements related to energy can add significant value to a home and increase the resale value as much as 15% or more in certain areas where power consumption costs more.

What Home Improvements Do Not Qualify for Tax Deductions?

As with anything from the government there are a number of requirements and limitations. One example is the difference between a home repair and a home improvement. Home repairs are generally not able to be used as tax deduction and the definition of repairs over improvement has caught more than one homeowner off guard in the past. An example of a home repair may be something like the replacement of a faulty roof or a broken water heater. An improvement would be something not necessary but which offers value in the long run.

Be Careful And Don’t Get Carried Away

The Internal Revenue Service has very strict requirements and standards on what can or cannot be claimed for tax deductions. Be sure to check with your tax accountant or financial advisor about what you can and cannot claim. We are general contractors in Florida and not tax attorneys but our experience has been that many homeowners will neglect to check what they can or cannot claim on their taxes and they often miss out on an opportunity to maximize their investment.

There are limits on how much you can claim and the cost involved. For example building a wheelchair ramp with a covered path may seem nice but in most cases the tax breaks will be on the ramp alone and not the roof system. It’s not a necessary component to the improvement.

Be aware of the many pitfalls and do your research before you make any decisions related to your finances. Tax deductions for improvements are a great way to reduce your total tax debt as long as they are done correctly.

Sauer and Sons Construction Company in Ocala Florida offers professional home improvement and repair services for clients across Central Florida.

Your home is still your greatest asset and home improvements and repairs are still vital to not only sustaining your investment but in watching it grow as well. Home improvements and home repairs are important not only for maintaining the value but also for increasing the comfort and usability of your home. Get the most from your home and renovate your existing home at a fraction of the cost over other so called local construction firms.