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I love the flexibility of my house - paint a wall, hang my tv, run speaker wire to my surrounds by going up in my attic, have a squat rack in my garage, etc. B
by justrudd 5y ago
I love the flexibility of my house - paint a wall, hang my tv, run speaker wire to my surrounds by going up in my attic, have a squat rack in my garage, etc.
But after replacing my 30 year old roof, 10 year old water heater, and 20 year old furnace all in the same month? Yeah. Owning isn’t always great. But on the bright side, unless an emergency happens, I’ve got many years to recoup those costs. Just hurts writing out that many checks all in one go.
- maxerickson 5y agoIn most markets major repairs factor into the value of the property. In some sense you restore the house to where it was before years of use.
- gher-shyu3i 5y agoCan't you deduct all those costs from taxable income?
- TYPE_FASTER 5y agoHome improvements on your primary residence are not tax deductible, but do contribute to the basis price used to calculate profit (and tax) when you sell: https://www.nolo.com/legal-encyclopedia/what-home-improvements-tax-deductible.html https://www.nolo.com/legal-encyclopedia/what-home-improvemen...