Tag Archives: Improvement

When doing taxes can you deduct home improvement expenses every year or only the year you sell?

Question by Erin: When doing taxes can you deduct home improvement expenses every year or only the year you sell?
I was told that you could deduct home improvement expenses until the year you sold your house. Is this true?

Best answer:

Answer by dustoff
You don’t “deduct” them at all. When you sell, the cost of improvements can be used to adjust your acquisition cost basis – which will decrease any capital gain tax due.

Know better? Leave your own answer in the comments!

Hire a contractor for your home improvement needs

Having the name and contact information of a good handyman for your home improvement needs is all but a necessity for many people. A handyman is usually able to take care of some basic jobs that encompass many different types of home improvement projects. For example, a handyman can usually take care of basic plumbing issues such as fixing a leaky faucet or replacing an entire faucet. Running the entire plumbing system, however, would typically be beyond the scope of a handyman.

A handyman usually could also undertake a basic wiring job that would be required if remodeling a room was on the list of home improvements. However, a handyman would likely not be experienced enough to rewire an entire house, unless they specialized in electricity. If you want a deck built, most likely a handyman can complete it for you. However, if you are building an addition to your existing house or building a new house entirely, a handyman is probably not going to be the best person for the job at hand.

Many states require that a handyman obtain a license before performing jobs as a handyman. The requirements for such licensing may vary widely from state to state. The requirements might also be different depending on if the handyman has an industry of expertise or a more general background. Many states also require a handyman to be bonded before performing any work as a handyman. This is to protect you, the consumer, from shoddy, improper, or dangerous work being performed by the handyman during your home improvement and leaving you to pay to get it fixed.

A handyman will most often have many contacts within the other building industries.

For example, suppose you hire a handyman to replace a fuse in your breaker box, but your handyman discovers that the job is much more complicated than either of you originally thought. A handyman is likely to have the name and contact information of a bonded and licensed electrician that can do the entire rewiring job that is necessary and at a competitive price.

The services of a handyman are not limited to only plumbing, electrical, and carpentry type of work either. Many times a handyman is the one to hire when it comes to painting interior walls or the exterior of a house, hanging wall paper or adding wood trim baseboards. The handyman can also hang doors, do light landscaping, or replace outside or hard to reach light bulbs. When you are planning a home improvement project that involves a variety of small projects, a handy man could be the best answer for that need.

There is no one type of person that uses a handyman’s services. Hiring a handyman are popular options for many people who have home improvement and Home remdoeling projects lined up that include a few different areas of expertise. Older people or others will limited mobility will likely benefit from the services of a handyman. Busy professionals who do not have the time to perform these types of small tasks are another group of people who can benefit by having a handyman come out to their house.

James is a marketing manager with hire-a-contractor-now.com. James is an expert in providing home improvement, Remodeling and plumbing service resource information to educate his line of visitors.

Nice Home Improvement Contractors photos

A few nice Home Improvement Contractors images I found:

wrought iron balusters richmond virginia (17)
Home Improvement Contractors
Image by Crown Molding
www.thefinishingcompany.net we are custom millwork and molding installers of coffered ceilings, crown moulding, chair rail and wainscoting, stair rail and iron balusters, simple closet serving Richmond, Virginia. We are not general contractors or a home improvement company ,we do just molding but we do it well!
We are finish and trim carpenters that install doors. Door and window casings and baseboard.

millworks
Home Improvement Contractors
Image by Crown Molding
www.thefinishingcompany.net we are custom millwork and molding installers of coffered ceilings, crown moulding, chair rail and wainscoting, stair rail and iron balusters, simple closet serving Richmond, Virginia. We are not general contractors or a home improvement company ,we do just molding but we do it well!
We are finish and trim carpenters that install doors. Door and window casings and baseboard.

Is it legal to sell a home improvement contract if im uninsured, and dont have a Contractors licence.?

Question by JOE: Is it legal to sell a home improvement contract if im uninsured, and dont have a Contractors licence.?
I plan to sub-contract the work to a company that is insured, and has all the propper documentation. I was curious if it is legal to do this in my state (MA)
thank you
-Joe

Best answer:

Answer by Damocles
No. Contractors, even those who subcontract every part of a job, have to be licensed and bonded. If you will be getting paid you will also need a business license.

What do you think? Answer below!

Home Improvement Companies

Home improvement companies have grown increasingly in demand for a number of reasons. First of all, the recession saw a lot of home improvement projects being undertaken by home owners. The reason for this is that there were fewer home buyers, therefore homeowners decided to invest time and money into their homes. This is a long term plan which makes such investment a prudent one.

As a result, home improvement has become a huge niche which has grown past the DIY stage, when it was just a hobby. Different areas of the house are being tackled in home improvement projects to add value to the house and as investments in the houses. Homeowners have therefore realized the benefit of having these projects professionally and expertly handled.

Home improvement companies are varied and are as wide as the niche itself. They range from the architects and interior designers who are involved in the planning of a home improvement project, to those that provide such services as remodeling, painting and plumbing. Then there are the companies that provide the materials needed for a home improvement projects. Some companies combine all these functions into their services so that they serve as a one-stop shop for all things home improvement.

If you decide to make use of a home improvement company that provides all your home improvement needs, you need to make sure that all their contractors have current licenses to operate within the area your home is located.

Also, it is always best to purchase the materials you need for your home improvement projects from a reputable home improvement company.

If that company has a reputation for quality materials in the industry, you are very likely to get the best materials and advice from them. They are conversant with the different types of materials and their functions and can advice you appropriately. Furthermore, because of their reputation, they are more likely to have a really good warranty program should anything go wrong with your materials.

Most home improvement companies will give you a free estimate before you begin your home improvement project. This is very important when you are planning your project because home improvement projects are notorious for becoming increasingly expensive as you go on if you fail to plan and have an estimate in the first place.

It is easy to think that home improvement should be a DIY project and if you have some experience in handling DIY projects, this is not a bad thing. However, using a home improvement company could save you time and money, which you could lose from mistakes you might make along the way. If you are willing to make the mistakes and learn as you go, home improvement companies will also come in handy with advice and quality products.

Shawn Hickman is the Search Marketing Manager for Sears NJ Home Improvement. If you would like more Home Improvement Ideas, visit the Home Improvement section of the Sears Home Services website.

do i need to have a contractors license in order to start a small home improvement business?

Question by firzout4u: do i need to have a contractors license in order to start a small home improvement business?
trying to start a small home improvement business and no one knows whether or not i have to have a contractors license or whether i just need to have insurance. i think i might need at least a class C license but i’m not sure. any advise/answers would be greatly appreciated. Thank you

Best answer:

Answer by J thinker
In any personal business you need to get contractors license and permit.

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