The Philadelphia Caller
Philadelphia News, Spots and More 
MAINE - Maine real estate has experienced an upswing in value over the past several years, but is this real estate boom good for Mainers? Many factors may contribute to this upswing, including rising gas prices, increased interest rates, and the growing work-from-home trend.
PHILADELPHIA - Understanding the new rules regarding depreciation recapture is important if you own rental properties. You should keep detailed records of all property expenses, including mortgage interest and repairs, and talk to a tax advisor to determine if depreciation recapture is right for you. You can also consider the cost segregation study and the new proposed rules.
TEXAS - The Austin real estate market is in the middle of a shift. While the housing market in Austin is still a seller's market, the trend is changing. More would-be buyers are now renting, thanks to a cooling down market. Next year, the market will shift from a seller's to a buyer's market.
BOSTON - In Boston, the rental property market is thriving. Rental properties dominate the city's housing market. Airbnb, for instance, is one of the best ways to start renting a property. For the first time, you should consider Airbnb if you want to avoid the hassles of renting out a property.
PHILADELPHIA - If you're looking to invest in real estate, you may wonder whether turnkey properties are right for you. Read on to learn more about the advantages of turnkey property and the costs. You can also learn how to compare turnkey versus do-it-yourself properties.
PHILADELPHIA - A recent study from Remodeling Magazine has found that the national average cost of a minor kitchen renovation is $13,468. This includes materials, labor, and lighting and plumbing fixtures. A kitchen remodel is a big project, so be sure to budget for it accordingly. In addition, there are some trends you may want to avoid. Read on to learn about the kitchen trends of 2023 and how to keep your renovation costs under control.
PHILADELPHIA - Bonus depreciation is a deduction you can take for a business asset, but the rules have changed. Since the Tax Cuts and Jobs Act passed, bonus depreciation has been available for both new and used property. Additionally, you can claim bonus depreciation for any year your business is profitable, not just the year you purchased the property.
PHILADELPHIA - There are many ways to make your home more valuable. Here are some examples: Energy efficient upgrades, functional upgrades in the kitchen and bathroom, Replacing old flooring, and adding an outdoor living area. All these home improvements will increase the value of your home. You can also consider making your home more comfortable with modern amenities.
PHILADELPHIA - Depending on where you live, the cost of home building will vary. A small, simple house can be built for a low cost, while a large home with architectural flourishes will cost more. Choosing the right type of home will also affect the cost of construction.
PHILADELPHIA - An investor-friendly real estate agent who is knowledgeable about investing. Often, these agents have connections with other investors and other professionals in the real estate industry. A great real estate agent can help you connect with them and help you find deals that will benefit you.
NEW YORK - According to industry experts, the New York Real Estate Market will likely experience a strong recovery during 2022. However, the recovery will be slow, and the economy will need time to recover. Although COVID-19 policies have opened up different economic sectors at varying speeds, New York is still facing a long recovery. The housing market will be very active, with the home-buying season fast approaching.
PHILADELPHIA - Considering a bathroom remodel, you need to know the costs involved. You can choose to do it yourself or hire a contractor, and do-it-yourself bathroom remodeling can cost about half the price of a professional bathroom remodel. Consider installing waterproof SPC flooring or prefabricated shower walls to keep your budget low. When choosing a shower enclosure, make sure to keep the layout of the bathroom in mind, too.
