The Philadelphia Caller
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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 - 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.
PHILADELPHIA - Investing in out-of-state rental property can be a great way to maximize your ROI. However, there are several factors to consider before investing. These include Location, Cash flow, and Down payment. Before buying an out-of-state rental property, make sure you have the budget for a down payment.
PHILADELPHIA - In most cases, closing costs are not included in the loan balance. However, there are situations where your lender provides you with credit to help you cover these costs. Depending on the circumstances, your lender may either increase the amount of your loan or charge you a higher interest rate to cover the costs.
PHILADELPHIA - Before you buy a duplex, make sure to know your options. For example, you can rent half the unit to help cover the mortgage payments. This could be a good option for investors who are pressed for cash. You may also consider a VA or FHA loan to finance the purchase.
PHILADELPHIA - Adjusting your basis in a rental property can lower the tax you owe when you sell it. For example, if you bought your rental property for $120,000, plus $3,000 for legal fees and $10,000 for capital improvements and financed it for ten years, and you built a fence on your neighbor's property, your basis will be reduced to $134,400. You'll pay $13,000 in taxes, not including additional taxes collected by the state.
