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"Thanks Kate!"
"We were extremely frustrated with the Westside market for architectural townhomes, the bidding wars and meager pickings. Kate cut through the undesirable properties for us and focused in on what we were looking for. She was able to get us into a stunning architectural townhouse in Sunset Park extremely early in the sale process and we didn't have a bidding war. She has gone far above and beyond what any realtor would have done. Thanks Kate!"
Karin Last & Remington ScottSanta Monica
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Buying Land and New Construction >Buying New Or Adding On
Homeowners should consider several questions before making the choice between adding on to an existing home or moving up in the market to a bigger house. How much money do you have available for remodeling your current house? How much additional space do you require? Is there room to expand on the ground level or will the foundation of your present home support a second floor? What will the local zoning and building ordinances permit? How much equity do you have in the property? Are there affordable properties for sale that would satisfy your housing needs?
Consider your neighborhood--it makes more sense to add on to a smaller house than to over-improve the largest home in the area. Your decision should ultimately be based on your individual needs, the extent of the work involved and which features will add the most value. According to industry experts, buyers are always excited by state-of-the art kitchens and bathrooms.
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| Q |
What is the maximum interest you can deduct on your federal tax return to purchase or improve a first or second home?
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| A |
One of the greatest benefits of home ownership is the federal tax deduction for interest up to, but not exceeding, $1million. |
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