How to sell a house in no time
November 24, 2009 by allanmadams
Filed under Home Improvement Remodeling
During this recession times one of the hardest hit is the housing market.Homes that were expensive before lost much of its value because of the recession.Homes that were easy to sell before are now stagnating on the market.And there are times when these houses are not being sold. So now with it being a buyer’s market it is harder than ever to sell.The best thing that you can do to sell a house is by making it the best choice out there for buyers.Remodelling your house is one way to do that.So if you are really going to remodel your house then consider these rooms as the most important rooms of your house to be remodeled.
I Want To Know If I Can Claim Cost Of Home Remodel On House In One State After Moving To Another?
October 31, 2009 by admin
Filed under Remodeling Q & A
We moved from Florida to Tennessee last year. We improved house in florida before selling. We did not live in Florida house for full 24 months so we are being charged capital gains. We were told we could not claim remodeling/repair costs of house in Florida. Also when we moved to TN., after living in it for only a few months,we sold the first home(duplex)we purchased in TN.,to buy a house with a back yard.
We were informed by our tax prep lady the duplex could not be counted or we could not claim the loss on the house in Florida due to Tennessee tax laws.
Why are we unable to claim the cost of remodel on first house in Florida which includes home remodeling and cost of new water well. Can anyone help to clarify the real estate tax laws in state of Tennessee?
