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Buying or Selling a Home/tax credit on home energy or improvements
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Question
QUESTION: Does a water softener qualify for energy credit or home improvement?
ANSWER: A water softener (to the best of my knowledge) is not saving energy, conserving water, or doing anything that would help with an energy credit. However, I do not profess to know about the product and the various models to say for sure. So...if you found one that is an energy star rated model then perhaps it is and would qualify. As for home improvement...certainly doing something that enhances your home's features is considered a home improvement.
Jessica Bryan
---------- FOLLOW-UP ----------
QUESTION: So would you say a water softener qualifies as a home improvement?
ANSWER: Hello Mary;
If you are asking if this can be a tax write off, then I cannot advise you and you should consult an accountant. If you are looking at this for some other reason, then I would say: of course...it is a home improvement just like any appliance is a home improvement. If you are asking if it increases the value of your home...well, it depends. If hard water is a huge problem in your area then a Buyer might consider it an added value.
Jessica Bryan
---------- FOLLOW-UP ----------
QUESTION: Of course its a tax question but nevermind , I can see you not being helpful. Thanks anyway.
Dear Mary;
I am sorry that you are not happy with the fact that I cannot give any tax advice, but unfortunately, I must be extremely careful about the types of advice I give. Since I am licensed to sell real estate I can only give advice about home sales not what you can do on your taxes.
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Answers by Expert:
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- Sue Bernstein
- Karyn Foley
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- Jim Root
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- Todd C. Menard
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- Jay Denit
- Matt Heisler
- Lisa Webber
- John
- Laurie Stephenson
- Marvin G. Bobbitt, III
- Nori J. Muster
- Sharon Huneycutt, Realtor, Associate Broker, GRI, e-PRO
- CJ Brasiel
- Jeff Kessler
- Kathryn Hisert
- Emily
- Ted Lewis
- Kerrin Kostelic, FL Broker Associate, GRI, AHWD
- Tim Norris
Jessica Bryan
Expertise
buying and selling process such as:
General questions from first time buyers
How to market a home
Why choose a REALTOR
How do I find a REALTOR
Should I consider buying or selling without a REALTOR--how much can I save
Should I remodel or move
How much can I expect to gain by fixing up my home before selling
Helpful tips when selling
Helpful tips when buying
finding a good mortgage loan
what is the difference between banks, mortgage bankers, and mortgage brokers
Questions from the general public, people thinking about getting their real estate license, newly licensed.
Fellow professionals who have interests in networking and how to get started
What is a market evaluation and how does it differ from an appraisal what are the different loan programs
services a REALTOR can perform
when to use a lawyer
when to use escrow
what are the regional differences in the buying and selling process
what is the MLS and how does it work
how can the layman access information on the web--listings and other information
These are just a few of the questions. I can suggest that if I am unable to answer a question I will refer the inquiry to a source that can.
Experience
Anyone who is in this business and who dedicates oneself to professionalism has continued to take classes and along with it,additional credentials, awards and honors. I can list a host of them, but my greatest accomplishments happen to be those of getting first time buyers (who didn't think they could afford to buy a home)into a home of their dreams. The look on their faces when I hand over the keys is worth all of the hard work.
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