The past few years of strong appreciation in real estate have left many homeowners with additional equity in their investment. Whether you choose to relax on that wealth, tap into it for personal ventures or reinvest it back into your current home, here is a useful report on the ROI of common remodel options and a recent story by Marketplace that dives into additional data.
Avoid Capital Gains Tax on Your Home Sale—Legally
One of the best financial and tax benefits of home ownership is the tax-free income you can earn when you sell the house. Those filing taxes as single can exclude up to $250,000 of income and it is $500,000 for those filing jointly. Whether you are using the funds to...