Small projects that pay off big. When buyers are searching for their perfect home the foyer lends the perfect first impression. But if the flooring isn't pleasant, they are definitely going to question whether there's something else wrong with the home.
Cost $200 for tiles (four feet by four feet); $65 for tools.
What you'd pay a pro: $1,000
Skill Level is 2 out of 4
Time: 1 day
Do this if your neighbors all have the entries and you don't. And definitely if you have carpeting or linoleum. Even the cheapest ceramic tile is more appealing to buyers than the pricest linoleum.
Payoff - a buyer's first impression will be a good one. Tile makes a house look luxurious.
I found the best deal with new home construction in Las Vegas with Richmond American Homes. There are several reasons why this is the best deal for now.
*Builder offer 5% towards closing cost. This will lower your monthly payment.
*Builder pays for home inspection, home warranty, HOA doc fees thus no out-of-pocket expenses except for appraisal fee of $450. Saving you a total of $900.
*Builder offers $7,500 towards upgrades. This can be applies to adding a bedroom for certain models, adding granite, stainless steel appliances, oak railing. You can pick and choose upgrades for the home.
Think about buying investment homes in Las Vegas? Let me give you 3 price points for comparison. My analysis is as follows:
Based on my calculations home priced at $100,000 to $125,000 are the best investments. For $100,000 one can purchase a 3 bedroom townhome with the 10% return on your money. With 20% downpayment, closing fees, home inspection, warranty, appraisal fees total money required is close to $27,000. Your annual rental profit is $2,770.
REID LEADS PASSAGE OF BILL TO EXTEND UNEMPLOYMENT BENEFITS, HOMEBUYER TAX CREDIT
Bill also provides tax relief for businesses that are struggling
Washington, D.C. - Led by Nevada Senator Harry Reid, the U.S. Senate today passed a bill that will extend unemployment benefits, the Homebuyer Tax
Credit, and tax relief for struggling businesses.
"These additional 14 weeks of benefits will allow Nevadans looking for work to pay the bills, support their families, and put food on the table," Reid said. "I'm also pleased that we successfully extended the homebuyer tax credit to continue this important incentive that is helping to stabilize the housing market. This amendment is a win across the board for Nevada and the country and I'm grateful that Senator Baucus and I were able to include it in the bill."
Summary of Reid-Baucus Amendment
Extended Unemployment Benefits
* Provides unemployed workers in all states who have exhausted benefits with an additional 14 weeks of benefits.
* Authorizes an additional 6 weeks of benefits for workers in high unemployment states (those with unemployment rates of 8.5% or higher).
* These benefits are fully offset by extending the Federal Unemployment Tax (FUTA) surtax, which otherwise would expire at the end of this year, through June 30, 2010.
Homebuyer Credit
* Extends the $8,000 credit through June 30, 2010 (must have binding contract by April 30, 2010).
* Expands the credit (capped at $6,500) beyond first-time homebuyers to those who have owned a home for five consecutive years within the previous eight years.
* Increases the dollar limits for eligibility for both credits from $75,000 for singles and $150,000 for married couples to $125,000 for singles and $225,000 for married couples.
* Limits the credits to homes costing $800,000 or less.
* Waives repayment of the credit for Members of the Armed Forces and others on sent away from home on extended duty.
* Extends the credit for an additional year for Members of the Armed Forces and others away from home on extended duty.
* The proposal adds an age requirement, requires corroborating information to be filed with a return claiming the credit, and gives the IRS greater authority to deny the credit based on information reported by the taxpayer on prior returns.
Net Operating Losses
* Allows business losses incurred in 2008 or 2009 to be used to recoup taxes paid in prior five years.
* Taxpayers can use 100% of such losses to carry back to prior years.
* Losses carried back to the fifth prior year are limited to offsetting only 50% of that year's income.
Offsets
* Delays implementation of worldwide allocation of interest by seven years.
* Increases the penalties for failure to file partnership and S Corporation returns from $89 to $195.
My team and I have sold over $2,618,000 in sales volume thus far this year. Who do you know that we can help? To adopt a cat or a kitten view all pictures today! Click Here
Came across a new case from lender when granting underwritten approval. Buyer has already claimed $8000 tax credit without buying a house. CPA claimed tax credit with a dummy address. Now that the buyer IS seriously interested in buying a home we are running into an issue, delaying closing. Lenders are now pulling taxes during the underwritten loan approval process. Fraud, changed made to taxes are all important to know before buyers buy a home. This is the first time I came across this situation. Letting everyone in Las Vegas know, buyers, sellers, Realtors.
Real Estate Professional with MBA in Business Management, BS in Industrial Engineering. I work with first time home buyers and first time investors to begin building wealth for you and your family.
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