Boost Your Selling Price

(Video courtesy of Consumer Reports)

Looking for ways to build equity faster?

  • Get a 15 year mortgage – not always feasible, but if it’s in your budget and works well for your situation.  Talk to your financial wizard.
  • Pay more on your mortgage (especially if you don’t want to commit to a 15 year mortgage and the larger payment that comes with it)
  • Should you consider bi-weekly mortgage payments?
  • Make a larger down payment
  • Renovation/Update – Have a plan.  Get advice, especially if you plan to sell in a few years.  The tile or counter top trending now may be unacceptable next year.

Here’s help with math!  I love calculators  and these are handy!  You can find Affordability, Rent vs Buy, Mortgage, FHA, VA, not to mention help with renovation measurements and more.

And if you’re looking at loan products, check out this page.

 

 

 

2019 – Terrazzo and Taxes

Have you thought about how your 2018 return will be affected by recent changes?  There’s good information here, from Forbes.

I found the tables below helpful.  Additional information follows.

Married filing jointly:

Tax rate Taxable income bracket Tax owed
10% $0 to $19,050 10% of taxable income
12% $19,051 to $77,400 $1,905 plus 12% of the amount over $19,050
22% $77,401 to $165,000 $8,907 plus 22% of the amount over $77,400
24% $165,001 to $315,000 $28,179 plus 24% of the amount over $165,000
32% $315,001 to $400,000 $64,179 plus 32% of the amount over $315,000
35% $400,001 to $600,000 $91,379 plus 35% of the amount over $400,000
37% $600,001 or more $161,379 plus 37% of the amount over $600,000

Single Filers

Tax rate Taxable income bracket Tax owed
10% $0 to $9,525 10% of taxable income
12% $9,526 to $38,700 $952.50 plus 12% of the amount over $9,525
22% $38,701 to $82,500 $4,453.50 plus 22% of the amount over $38,700
24% $82,501 to $157,500 $14,089.50 plus 24% of the amount over $82,500
32% $157,501 to $200,000 $32,089.50 plus 32% of the amount over $157,500
35% $200,001 to $500,000 $45,689.50 plus 35% of the amount over $200,000
37% $500,001 or more $150,689.50 plus 37% of the amount over $500,000

Bracketing Examples:

Single Filer

2018-tax-brackets-Example-2_Desktop-1440x546

Aren’t we all very interested in taxes?  Read more.

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What about trends for our comfort?  You may rethink your colors and textures.  And wallpaper lovers everywhere will rejoice!  2019 is bringing a great deal of style with it.

I love the look of the terrazzo in the bath!  I don’t know if I’m bold enough to put those cabinets in my kitchen.  What about you?  Color, conversation, craftsmanship – trends for 2019 – read about it!