As The Year Comes To An End
With 2017 coming to an end, here are three things you should do:
1. Maintenance Checklist
Homes require upkeep and maintenance. Take the time to do a walkthrough, interior and exterior, of your house. By doing a walkthrough, you could notice things that need to be replaced or fixed.
Are your kitchen appliances working properly? Does the carpet need to be replaced? Do you noticed any termite droppings? When you run the water in the kitchen sink, is the pressure okay? Are there any leaks? It's important to fix anything that is not working properly.
Lastly, don't forget to clean. Most people make cleaning one of their New Year's resolution. Cleaning should be an ongoing process. Rather than doing it once a year, you should do it weekly, monthly, or even quarterly. Doing a few small things once in a while can really help you upkeep your home.
2. Review Your Association Documents
If your home belongs to an association, take the time to review any new condo documents that were released. Is your association and or maintenance fees increasing? How does the reserves look? Is there any upcoming projects and or repairs in the new year?
If you have any questions, you can:
- Attend your association meetings.
- Contact the association board.
- Contact the association property manager.
- Contact the resident manager.
One of the worst things you can do is ignore the condo documents.
As it's been documented in the news, taxes were recently overhauled. One hot topic is the mortgage interest deduction. Does this new tax policy affect you?
If you're planning to sell your home in 2018, what are the tax implications?
Before you buy or sell real estate, it's probably in your best interest to speak with a tax expert and or a financial advisor.