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Novi House Value Boosters that Make Most Sense

Thomas Gilliam Blog , De-cluttering , Home Selling and Taxes , Oakland County Leave a Comment

8 Top Ideas for Boosting Novi House Value (S) From time to time it can be fun to scour the latest “Top Ten” lists of cost-conscious ways to increase the value of Novi house value.    Some make more sense than others. Upgrading bathroom vanity cabinets appears on some of the house value lists, for instance—but those lists were probably thrown together in a hurry since the return on investment is admitted to be 66%. When an investment returns two-thirds of its cost, it’s hardly competitive. For Novi homeowners preparing to sell, vanity cabinets don’t belong on the action list. …

Oakland County Bonus Tax Breaks When Selling Your Home

Oakland County Bonus Tax Breaks When Selling Your Home

Blog , Home Selling and Taxes Leave a Comment

Oakland County Bonus Tax Breaks When Selling Your Home Taxpayers in Oakland County, Mi who sell their principal residence can pocket—tax-free—as much as $500,000 in profit if they file federal taxes jointly or $250,000 if they file singly. The property must have been owned and used as their principal residence for any two of the prior five years. Homeowners can shelter the profits on the sale of a home as often as once every two years. If the two-year use and ownership tests are not met, but the home is sold because of special circumstances (i.e., health problem, job loss, …