Archive for May, 2009
GREENING YOUR HOME AND GARDEN
The TV show "The World's Greenest Homes" recently started me thinking about how can everyone make a contribution to reducing the carbon footprint.The TV series mainly showed major renovations or new homes in which the owners made significant attempts to "go green". Most folks are not in the position - they already have a home, and most likely a hefty mortgage that may preclude incorporating the changes and ideas promoted by the TV show.However, the need for greening your home and garden is an imperative for all - and so the impact of even simple, small steps can have a real impact.Just imagine if all homes in the USA converted their light bulbs from incandescent to compact fluorescent ones - not only are they energy-smart, using about 70% less energy, they last up to ten times longer.Such a small step could have huge impact because of the sheer volume! And, then there is the ripple effect - less energy used - less fossil fuels consumed - less carbon emissions from power stations - and, BINGO! - cleaner air.And, the cost is not really greater than the usual light bulb replacement - so your pocketbook is saved.Now imagine if everyone also .. more »
CLAIMING A HOME IMPROVEMENT TAX DEDUCTION
The approach of spring often encourages homeowners to start considering home improvements and repairs. However, before you start getting out the hammer and nails or hiring a contractor consider if your home improvements may be eligible for a home improvement tax deduction.The first thing the homeowner must understand is the difference between a home improvement and a home repair. Simply put, a home repair is classified as fixing a problem. For example, repairing a hole in the roof, fixing a leak or repainting a room would be considered repairs. On the other hand, remodeling a kitchen, adding a couple of rooms, building a garage or installing a swimming pool would be classed as improvements. These improvements add to the living amenity of the home's owners and usually add value to the home.The Internal Revenue Service sets out strict guidelines on how a homeowner can claim a tax deduction for home improvements. It is strongly recommended that before you hire a contractor or start any home improvement works that you obtain advice from you tax consultant or from the local office of the IRSTax deductions can fall into any of several different categories. A medical condition that required providing disabled access .. more »