If you plan to sell your house in the near future, you may have thought about making home improvements. These are projects that you can do to make your property look better and increase its value. These projects involve both interior and exterior renovation. However, you may be wondering what type of improvements you need to make. Before you begin, here are a few tips. First, consider what you want to improve about your property. Do you want a new roof or a fireplace? Do you want to make your home look more attractive? These are only a few ideas you can consider.
The costs of home improvements can be 100% deductible. For example, the expense is written off at 100 percent if you add a bathroom. Likewise, if you’re adding a new kitchen, you can write off the project’s cost as an improvement. If you plan to improve the rest of your house, you can choose to roll the project’s cost into your mortgage. Moreover, you can also claim the interest from your mortgage as a tax deduction.
