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School Reports in Fairfax, Herndon, Alexandria and Northern Virginia, Virginia

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Remodeling and Renovations >Water Problems

Sometimes there are defects in a house that the homeowners no longer notice, such as small leaks in the roof or a basement that only gets damp when it rains. When the house is on the market, they don't have a real sense of urgency about having such defects repaired. The real estate agent feels quite differently, however.

When buyers are deciding which houses deserve serious consideration, any kind of water problem may appear to be much more detrimental than it really is. The sellers may regard a damp basement as simply a sign that it's time to clean the gutters or check the soil buildup around the house or a leaking roof as a call for new flashing. But to someone who has never owned a home, these defects can be taken as signs that the house may not fulfill their primary need for shelter from "the elements." Renters may be perfectly willing to live in a home with minor water problems, but buyers are likely to pass up the same house if they think it won't keep them perfectly dry.

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Q	What is the maximum interest you can deduct on your federal tax return to purchase or improve a first or second home?
A	One of the greatest benefits of home ownership is the federal tax deduction for interest up to, but not exceeding, $1million.
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Tatiana Busch, REALTOR®, real estate agent and broker for Fairfax, Herndon, Alexandria and Northern Virginia, Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Tatiana Busch
RE/MAX Allegiance
5100 Leesburg Pike, Suite 200
Alexandria, VA 22302
Mobile: (703) 470-7544
Office: (703) 824-4800
Fax: (866) 422-6008
Email: TatianaBusch@NUMBER1EXPERT.com
NVAR Million Dollar Sales Club Top Producer, RE/MAX Platinum Club

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