Selling a home has a lot of steps. The offer has been accepted, there’s a set date for closing, and it’s time to work on getting out of the old home. Whether moving just one person or a huge family, moving is a huge job that takes a lot of effort and even more cardboard boxes. Fortunately, there are ways that can make packing for the big move a little bit less stressful. Here are some of the best tips for packing and moving.
1. Start Packing Early
No one wants to feel like it’s a race against the clock to get things packed and ready for the movers, and to prevent this, it’s a good idea to get started early. As soon as the homeowner knows they’re going to sell their home, they should be thinking about packing. Even packing just one box per day can do a lot to help ease stress later on. Getting started early can also help tidy up the home, which in turn can help improve home showings. Just be sure not to keep the boxes out in the open where buyers can see them.
2. Get Rid of Unwanted Items
There’s a limited amount of space on the moving truck, so homeowners need to use it wisely. When packing, don’t just throw everything into boxes indiscriminately—consider every item and if it’s really needed or wanted in the new home. Things like ragged clothes and broken electronics can be thrown out or recycled, and things that are still in good condition can be ...
After a homeowner buys a vacation home, they may decide, at some point, decide to sell the property. As a result, they often have a lot of questions about capital gains taxes. Capital gains taxes are taxes applied to the profits on the sale of an asset. Vacation homes can be hit heavily with capital gains taxes, but there are some ways maneuver around this problem. If you're a homeowner with a vacation property, these tips can help.
For informational purposes only. Always consult with a certified tax expert before proceeding with any real estate transaction.
What You Need to Know About Capital Gains Taxes
Vacation homes are subject to capital gains when they're sold. They're also subject to these taxes when they're given to someone as a gift and when they're inherited. To calculate the capital gains tax that a person must pay, first the adjusted cost base must be calculated.
The adjusted cost base is a change in value that occurs because of changes or improvements made to the property. For example, suppose a buyer purchases a vacation home for $300,000. After two years of ownership, they add a room for $50,000. The adjusted cost base of the property is now $350,000.
If ten years later the homeowner sells the property for $500,000, then the homeowner is taxed on $150,000...
Building a new construction home can be very exciting. Planning carefully and working with the right team of professionals can help make the experience even better. If you're thinking about buying a new construction home, here's what you need to know.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Before buying a home or property or signing with a builder, it's important to make a plan. Many homebuyers start the new construction process with a list of goals and must-haves. Factors to take into consideration when choosing the size and style of the house include potential for household growth, hobbies, household businesses, number of cars that will be parked in the driveway and so on.
Potential items to put on the list of must-haves include a fireplace, extra bedrooms, in-ground pool, covered porch and an attached garage.
New construction homes are unique in that the home buyer is able to choose the lot on which the home stands. When picking a lot, it's helpful to have a list of location must-haves. For this list, home buyers must consider factors like proximity to work, proximity to good schools, distance from nearest neighbors and lot size.
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