Get expert decorating ideas, watch H&H TV, see inside celebrity homes, find how-to tips, DIY projects, small spaces and kitchen makeovers. In the past, it was critical for homeowners to save receipts for anything that could qualify as an improvement. Every dime added to basis was a dime less that the IRS could tax when the house was sold. Before a hammer hits a nail you must first decide how you will pay for your home renovation project. Like all consumer spending, paying for a renovation is best done through savings. By saving up the money, you’re more likely to stay on budget because you have more time to research costs and plan the project.
The best way to increase the value of your home is to add space. Adding an extra bedroom will earn you the most money, adding roughly 8.8% to your home’s value. So what’s putting people … Read more