Are You an Ambitious Homebuyer?

An ambitious homebuyer goes above and beyond the call of duty to find a great residence at an affordable price. As such, this individual is better equipped than others to streamline the homebuying journey.

Anyone can become an ambitious homebuyer. Now, let’s take a look at three tips to help you seamlessly discover your dream residence.

1. Create Homebuying Criteria

Buying a home can be simple, particularly for those who establish property buying criteria. If you enter the real estate market with homebuying criteria in hand, you can hone your search to residences that match your expectations. Then, if you find a house you want to buy, you can move quickly to acquire this residence.

As you craft homebuying criteria, it often helps to evaluate your short- and long-term aspirations. For example, if you strive to live close to the beach, you may want to pursue residences near top beaches in various cities and towns. On the other hand, if you require a house that includes a central air conditioning system, you can search for residences that boast this feature.

2. Develop a Budget

A homebuying budget is essential, as it will help you search for houses that fall within your price range. Perhaps most important, a budget limits the risk that you will be tempted to spend beyond your means to purchase your ideal house.

Generally, it helps to meet with banks and credit unions before you launch a home search. These financial institutions can teach you about a variety of mortgage options and help you make an informed mortgage selection. Best of all, banks and credit unions can respond to any of your mortgage concerns or questions, at any time.

3. Collaborate with a Real Estate Agent

If you want to speed up your home search, you may want to hire a real estate agent. Because if you have a real estate agent at your side, you can get the help you need to discover a terrific home that can serve you well for years to come.

A real estate agent understands the importance of conducting a comprehensive home search. Thus, he or she will do whatever it takes to help you find a home that suits you perfectly. From setting up home showings to helping you craft a competitive offer to purchase, a real estate agent is prepared to assist you in any way possible.

Furthermore, a real estate agent will offer plenty of guidance as you get ready to close on a home. The weeks and days leading up to a home closing can be worrisome, but a real estate agent will provide tips to alleviate stress. As a result, a real estate agent will help you enjoy a stress-free homebuying experience.

Want to navigate the homebuying journey like an expert? Take advantage of the aforementioned tips, and you can become an ambitious homebuyer and find and purchase your dream house in no time at all.

Tax Write-Offs That Are Available For Home Improvements

One of the biggest benefits to buying a home is that of the tax savings for you. You own a home now, so there’s no more monthly rental payments going out the window. All of your mortgage payments are going towards your financial future. There’s many different types of tax breaks that you can get from owning your home. Many home improvement projects that allow you an extra tax break are hiding right in the fine print! Tax breaks are known as “incentives.” These incentives are essentially what help people to get important things in their homes done without having a order placed on them. There are some hidden things that you may not have known could be used as tax write-offs.  

Energy Savings


From putting solar panels on your home to replacing appliances, there are certain tax breaks that you can get for making your home more energy efficient. There are lifetime caps on these deductions, but on a certain year, you’ll be able to save some extra money on your taxes. Some of the deductions that you might be able to claim include:

  • Air-source heat pumps
  • Biomass stoves
  • Central AC units
  • Water heaters
  • Certain energy-generation systems which include an array of things like water heaters, solar panels, fuel cell systems, wind turbines, and geothermal heat pumps.

You can deduct somewhere in the neighborhood of 30% of the cost of these improvements to your home. It doesn’t hurt to check on the updated standards that are introduced each year by the government. Your accountant can help you to understand your own deductions a bit more in-depth. 

Modifying Your Home For Medical Needs

If you need to modify your home in order to accommodate medical needs, you may be eligible for a tax deduction. The modifications must not increase the value of your home and be medically necessary. If the doctor tells you to lose weight and you put in a home gym, you can’t deduct that. If you need a ramp put in your home for wheelchair accessibility, then that can be deducted. The cost of the modifications generally has to exceed 10% of your adjusted gross income, or 7.5% if you’re over the age of 65. 

What’s Not Deductible

If you have done some major remodeling around your home, it’s sad to say that these improvements probably aren’t tax deductible. On the positive side, you will get a bigger return on your home when you do decide to sell it. This could help you to reduce any capital gains tax that you may have to pay on the sale of the home.

Remember that when you make improvements to your home, you’re doing it first for your own needs. Any tax write-offs that you may get are merely a bonus.

Video Tour – Single-Family Home – Holden, MA 01520 Real Estate – For Sale

Beautiful Colonial on a large, private lot!…(Includes adjacent lot of 10,838 sq. ft.)…New Windows and Storm Doors!.. Updated Kitchen with Quartz Countertops and a separate Dining Area with a Bay window…The Fireplaced (Gas) Family Room opens to a 13′ x 26′ recently stained Deck overlooking a private, wooded backyard…The Formal Dining Room has Hardwood Flooring..The Front to Back Living Room has a Fireplace and Hardwood Flooring…The Second Level has Four Bedrooms with Hardwood Flooring a Master Suite with Dual closets, and a recently renovated Bath with a Walk-In Shower…There’s an additional Full Bath with a Tiled Shower.. It also boasts a large Linen Closet and a Whole House Fan!..The exterior of the home was recently stained. .2 Car attached Garage with Off Street Parking for 4 Cars.

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