Posts from August 2022

Shifts in the housing market can cause a lot of anxiety for homeowners and prospective buyers a like. If you're keeping up with the commentary surrounding the housing market right now, you might be hearing vastly different advice from economists around the nation. It might make you wonder— who should I be listening to?

The answer to that question is simple, actually. You should listen to advice from a local market expert, especially if you're considering making a move with your real estate investments. Our office, and many others like ours, live and breathe the Knox County housing market, and we have much more insight regarding what you can expect out of your investment.

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Are you planning to make some home improvements this year? Well, the Inflation Reduction Act just passed by Congress is making your plans less expensive!

Baked into the legislation are certain tax credits that will ease your cost burden when you choose "green renovations" (energy-efficient alternatives) to improve your home. This includes things like installing solar panels, or replacing windows and doors.

We've seen tax incentives for making your home more energy-efficient in the past, but this bill expands those incentives profoundly— offering a $1,200 credit available for ten years. Additionally, for smaller projects like replacing your HVAC system or water heater, you can receive a $600 tax credit. That's stackable, by the way, meaning to could replace multiple appliances and receive the credit for each.

No matter what, when it comes to taxes, you definitely want to speak with a tax specialist to see how these incentives will work for you. It's especial...

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