Tag: house renovation tips

What expenses can you deduct when renovating a rental property?

Posted on By Kartika
House Renovation

Rental property owners can typically deduct property taxes, insurance, interest, condo fees, repairs, utilities and other related costs. A rental property can even run at a loss allowing the taxpayer to claim deductions against their other sources of income.

Rental properties: Current vs capital expenses

There is a distinction between repairs and renovations for a rental property, Shawn. Repairs are referred to as current expenses, meaning they are deductible in the year incurred. Renovations are capital expenses that cannot be deducted immediately but can reduce your capital gain upon sale.

According to the Canada Revenue Agency:

A current expense is one that generally recurs after a short period. For example, the cost of painting the exterior of a wooden property is a current expense.

A capital expense generally gives a lasting benefit or advantage. For example, the cost of putting vinyl siding on the exterior walls of a wooden property

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The order in which you should renovate a home, according to experts

Posted on By Kartika
House Renovation
order of home renovation

The order in which you should renovate a homeHillarys

New advice is being provided by experts on the best order to renovate a property after it was revealed that more than half of homeowners have made mistakes, and 36 per cent regret their renovations.

Radiator specialists, BestHeating, polled homeowners on renovation habits, revealing that nine in 10 have taken on a renovation project since 2020. According to the research, more than a third of homeowners will spend up to £10,000 tackling renovations, so it is a costly project to get wrong.

“When renovating a home, it can be confusing to know what to focus on and what will add value,” says John Lawless of BestHeating. ‘Write down the order of plans and priorities as this will provide a list to stick to, and budgets can be set for each change. If the transformation involves structural or electrical wiring work,

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How much does it cost to renovate a house? Save, Pay, Profit

Posted on By Kartika
House Renovation

The past few years have changed the way Americans dealt with their homes and real estate, in general. Shelter-in-place orders spiked a renewed interest in home renovations to accommodate a new family dynamic of remote work and homeschooling.

Then, a sudden spike in home prices and interest rates caused many would-be homebuyers to reexamine their plans to purchase a home. For many, the best option became home renovation instead.

As this trend continues, it’s very possible that you might be in the same boat—planning to renovate your home. This will naturally bring you to the next phase in your research, which determines the cost to do so.

If you’d like to get a sense of what it costs to renovate a home in 2023, we’ll break down the average costs for different projects and return on investment (ROI) to help you determine if a home improvement project makes sense to

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Home Improvement Project? 5 Questions to Ask Before You DIY

Posted on By Kartika
House Renovation

It’s easy to find online tutorials to help you turn certain home improvements into DIY projects, and you can potentially save money by doing so.

But it’s also important to consider factors other than costs and convenience when deciding whether to complete a DIY home upgrade.

Before picking up a sledgehammer, ask yourself the following questions.

1. Is it really a simple project?

If the project is relatively small and simple — think installing a faucet or repainting your guest bedroom — attempting to DIY is probably fine. In fact, it might be a great confidence builder, especially if you’re a first-time home buyer.

But not all projects are as straightforward as they seem.

Anything that involves plumbing, electrical wiring or significant demolition comes with safety risks — for you and your home. That’s not to say you can’t handle big projects, but ask yourself if it’s something you’re truly

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Brady Bunch house is up for sale, listed by HGTV in Studio City LA

Posted on By Kartika
House Renovation

The iconic “Brady Bunch” home where Mike, Carol, Greg, Marcia, Peter, Jan, Bobby and Cindy Brady cemented their status as a beloved American ’70s sitcom family is up for sale.

“The possibilities are endless” for a lucky homebuyer — who will be able to ascend from the famous staircase, hang out in the groovy attic, cook on bright orange Formica kitchen counters and sleep in pink twin beds, according to the listing. Curated furnishings and accessories are also included in the sale.

The five-bedroom, five-bathroom Los Angeles suburbs home was listed for $5.5 million by HGTV, which bought the property in 2018. In 2019, the network launched its series, “A Very Brady Renovation,” to show the home’s transformation.

“As part of the massive renovation, HGTV invested $1.9 million and added 2,000 square feet to the property’s original footprint, including a full second story,” a statement from HGTV said.

Danny Brown,

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Heidi Klum Gifts Her Housekeeper a Home Renovation on Celebrity IOU

Posted on By Kartika
House Renovation

Heidi Klum’s housekeeper of 17 years has always had her back. Now the model and TV host is showing appreciation for her housekeeper in a big way: She surprised her with a life-changing home renovation.

During a new episode of HGTV’s Celebrity IOUs, Klum teamed up with Drew and Jonathan Scott to completely transform her housekeeper Lucia’s home in Westchester, California. Since working for Klum, Lucia has become like a second mom to her kids. “She’s been there for me, always, through everything,” Klum says in the episode. “She’s become part of our family. She really is someone in my house that I can’t live without.”

celebrity iou season 3, los angeles ep 314 demo day featuring heidi klum portraits of drew scott, jonathan scott, and heidi as seen on celebrity iou season 3

Heidi Klum renovates her housekeeper’s house with Drew and Jonathan Scott.

HGTV

With a timeline of three to four weeks, Klum and the Property Brothers stars got to work to make the multigenerational home—which Lucia shares with her daughter Lorena, son-in-law, and grandchildren—stylish

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3 Home Improvement Stocks to Renovate Your Portfolio

Posted on By Kartika
House Renovation

Young couple renovating a home; learn more about home improvement stocks to invest in with MarketBeat

Whether flipping houses or putting in a new kitchen, home improvement shows’ mainstream popularity has bolstered the do-it-yourself (DIY) market. The pandemic also bolstered home improvement activities as consumers had the time and money to renovate, remodel and revamp their homes.

As the housing market heats up, more consumers remodel and update their homes to boost values. These tailwinds have driven home improvement stocks higher since the pandemic lows. This article should provide additional insight into the industry so you can make a more informed decision when investing in a home improvement company.

Basics of the Home Improvement Industry

Let’s face it, everything ages. Homes are no different. Just like the aging population is a tailwind driving the demand for healthcare, aging homes bolster demand for home improvement companies that sell products and services. According to Zippia, 59% of the homes in the US were built before 1980and 92%

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Homeowners and local contractor square off over a Forest Glade renovation project

Posted on By Kartika
House Renovation

The inside of Karen and Darryl Dagenais’s house looks as if it’s under construction. No drywall, electrical switches or lights. And only a couple of plugs to power the kitchen appliances.

The two said they had to rip out all the plaster and insulation last year because it had been badly damaged from rain water poured into the house through the tarps serving as a temporary roof.

“It was basically like Niagara Falls in our home,” Karen said, adding the roof had been removed during a renovation project to add two more levels to their back-split home in Windsor’s Forest Glade area.

The Dagenais' home has no electrical fixtures or switches. Just a couple of outlets for kitchen appliances.
The Dagenais family’s home has no electrical fixtures or switches, just a couple of outlets for kitchen appliances. (Dale Molnar/CBC)

Karen has been living in the house, the way it is, off and on for about a year. The conditions are uncomfortable, she said.

“We have been going

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#DreamTeam linky – 9th July 2023

Posted on By Kartika
House Renovation

July 9, 2023

Hello and a warm sunny welcome to the #DreamTeam linky! A fab place to share your writing, read what others have been up to, and share a bit of blog love! Come join us…

via GIPHY

How is everyone? It’s super busy for us at the moment. School is coming to a close for the summer holidays, and just as it feels like it’s a good time to pull on those shorts and have an ice cream… working is hugely slim up as we head into the busiest time of the year. Ekk!!

This week I’m linking up with an older post all about slowing down, taking in the moment and simply enjoying what’s right in front of you. *Yes, I need to take a leaf out of my own book haha!

Beach

Thank you to everyone who is joining in with our little community. Please do REMEMBER

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HGTV is making our homes boring and us sad, one study says

Posted on By Kartika
House Renovation

A pair of professors found that home renovation media leads homeowners to decorate for the masses, not for their own happiness

July 7, 2023 at 7:00 am EDT

A large HGTV camera points at a woman who is covering a vibrant living room with beige paint.
(Masha Krasnova-Shabaeva for The Washington Post)

If you’ve ever watched a home makeover show on HGTV, you know the key “before” sequence. It’s when the camera critically pans over the house and the host points out everything that needs to be fixed. The décor? Cluttered. The paint? cringe. The overall takeaway is that the home is an utter embarrassment and needs a total overhaul before anyone of taste would consider putting a doormat out front.

But what happens when people consider how their own homes might fare under this kind of scrutiny? It can lead to an overwhelming sameness in aesthetics, according to Annetta Grant, an assistant professor of markets, innovation and design at Bucknell University, who

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