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GREAT CUL-DE-SAC LOCATION, KITCHEN IS OPEN TO THE FAMILY ROOM, LARGE FORMAL LIVING ROOM IS OPEN TO THE DINING ROOM, THE DECK IS LARGE ENOUGH FOR THE GRILL, TABLE & CHAIRS PLUS ADDITIONAL SEATING, CHARMING LANDSCAPING, BASEMENT IS FINISHED INTO A FAMILY ROOM AND DEN. NEW SIDING AND ROOF 2009, NEW AC 2005, THE CABINETS, FREEZER AND REFRIGERATOR IN THE GARAGE STAY.
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Mishawaka Real Estate
Tax Considerations >Tax Breaks
Most homeowners are keenly aware of the interest tax deduction on their home loan, but there are many other tax breaks which are often overlooked at income tax time. Pro-rated property taxes and mortgage interest in the year of sale are deductible. You will find these amounts listed on your closing settlement statement. If you paid off your mortgage and had to pay a pre-payment penalty, it qualifies as tax deductible interest. If you paid an "acquisition mortgage loan fee" on a home loan, this fee can be deducted as itemized interest. Home improvement loan fees are also deductible. Any remaining loan fees from re-financed or paid-off mortgages are fully deductible at the time of the mortgage payoff. Certain items don't qualify as deductions, but can be added to the cost basis of your home, such as transfer taxes, recording and title fees, and special local property tax assessments for new sidewalks, streets, or sewers. Don't be intimidated by the tax code! A little research or consultation with an expert can help you maximize your real estate tax advantages.
What is considered the primary factor distinguishing buyers of prestigious properties from the average home buyer?
Financing doesn't worry these buyers; they often put down 40 percent or more or pay cash for a property
Anita Hildebrecht and TeamRE/MAX 1003010 Hickory RoadMishawaka, IN. 46545574-968-4214574-235-3271574-298-1978Fax: 574-968-4294Email: AnitaHildebrecht@NUMBER1EXPERT.comWhen time, money and service matters...Experience is important! Call or email Anita today!
Anita Hildebrecht and TeamRE/MAX 1003010 Hickory RoadMishawaka, IN. 46545574-968-4214574-235-3271574-298-1978Fax: 574-968-4294Email: AnitaHildebrecht@NUMBER1EXPERT.com
When time, money and service matters...Experience is important! Call or email Anita today!
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