Kim Daneault
KELLER WILLIAMS REALTY / Metropolitan | 603-345-7783 | kim-d@kw.com


Posted by Kim Daneault on 4/22/2018

Buying a home is one of the biggest and most useful investments that you’ll make in your lifetime. One thing you should understand when you're making big improvements to a home or doing any kind of high return renovations is that of the Capital Gains Tax. This tax can take away from the return on your investment, especially under the right circumstances. Even with minimal improvements to a home, if an area has seen an upswing in popularity, you could end up paying the price when you go to sell. 


Taxpayer Relief Act


The Taxpayer Relief Act of 1997 can help many people to hang on to the returns they see from the sale of their home. 


Previously, homeowners could qualify for a one-time tax exemption of up to $125,000 on the sale of a home. They also could combine the earnings in on the purchase of another home. Currently, there are a few ways that you can save on the Capital Gains Tax thanks to the TRA. 


House Flippers And Homeowners Aren’t Equal


Not all home sales receive an equal tax treatment. If you are flipping houses, you’re out of luck when it comes to receiving profit-friendly tax breaks. You need to have lived in a home as your primary residence for two out of five years of owning a home in order to qualify for tax breaks. If this isn’t the case, you’ll end up paying a Capital Gains Tax on the sale of the property. If you’re a professional house flipper, your homes are considered inventory and taxed as income. The tax on this can vary from 15% to 20%, depending upon the tax bracket you fall into.



The Type Of Property Matters When It Comes To Taxes


Whether the property is a primary place of residence, a vacation home, or a rental property, the gains are all taxed differently. If you own a second home that you’re interested in selling, it’s not treated the same as a primary residence for tax purposes. You’ll be taxed based on the amount of time that you owned the property, or the amount of time that the property was used as a second home. The taxes are based on a prorated amount of time.


The Price Of The Home Doesn’t Matter


You may think that higher priced homes are taxed more heavily than less expensive homes. This would be the case when it comes to property taxes, but it isn’t so when we’re talking about Capital Gains Taxes. These taxes are based on how much profit is made from the sale of the home. If a loss was taken, or the homeowner “broke even,” they may not owe as many taxes. A smaller home that had significant improvements made could be taxed a bit more than a home that was sold at a higher price with fewer upgrades.





Posted by Kim Daneault on 4/15/2018

For those who want to enjoy a fast, profitable and seamless home selling experience, there is no need to worry. In fact, there are many things that you can do to minimize the risk of a home selling fiasco, and these include:

1. Conduct a Home Inspection

A house inspection usually is completed after a seller accepts a buyer's offer to purchase a residence. At this time, a buyer typically requests an inspection to identify any underlying house issues. If a buyer is satisfied with the inspection results, he or she likely will proceed with a home purchase. Or, if a buyer encounters myriad home problems, this buyer may reconsider his or her offer to purchase a residence.

By conducting a home inspection before you list your house, you can immediately identify any underlying home problems. You then can work to correct various house problems and avoid the risk that such issues could potentially slow down or stop a home sale in the near future.

2. Perform Home Upgrades

When it comes to selling a house, it generally is a good idea to be proactive. And if you allocate time and resources to upgrade your house now, you may be better equipped than ever before to stir up lots of interest in your residence as soon as it becomes available.

To enhance your house's exterior, you should mow the front lawn, fix any cracked or damaged home siding and perform assorted home exterior repairs. By doing so, you can improve your house's curb appeal.

Furthermore, don't forget to devote attention to your house's interior. If you can clean every room of your home and eliminate clutter, you could boost the likelihood of a successful home selling experience.

3. Collaborate with a Real Estate Agent

Getting the best results – and avoiding potentially time-intensive and costly problems – is paramount for any home seller. If you collaborate with a real estate agent, you can get the help you need to quickly sell your house and maximize your earnings.

A real estate agent is happy to help you kick off a successful home selling journey. First, a real estate agent will meet with you and learn about your house and home selling goals. He or she next will help you craft a home selling strategy based on your residence and the current real estate market's conditions. Then, a real estate agent will promote your residence to buyers and host open house events and home showings. And once you receive an offer to purchase your residence, a real estate agent will help you review this proposal and make an informed decision.

Let's not forget about a real estate agent's industry expertise, either. If you ever have questions during the home selling journey, a real estate agent will instantly address these queries.

Reduce the risk of encountering problems when you sell your house – consult with a real estate agent today, and you'll be able to receive comprehensive assistance at each stage of the home selling journey.




Categories: Uncategorized  


Posted by Kim Daneault on 4/10/2018


60 S Main Street, Hooksett, NH 03106

Single-Family

$294,900
Price

3
Bedrooms
7
Rooms
3
Baths
Cozy, Comfortable, Open concept and well cared for throughout the years. This home welcomes you with light filled open living space and vaulted ceilings with solid wood floors, kitchen island where all the spaces on the first floor look out to the yard waiting to be enjoyed and BBQ on the deck. Lower level off from the 2 car garage leads to a newly added tiled Mudroom, bamboo flooring for the 2nd Master/Living as well as a newly added Bathroom with a radiant heated floor, walk-in shower and vanity. Don't forget this location! Right across the street at Donati Field where you have perfect view of the fireworks of Old Home Day; walk over to enjoy football games; or perhaps just to get a nice walk through the fields. Great location and Great home!
Open House
No scheduled Open Houses






Categories: Uncategorized  


Posted by Kim Daneault on 4/9/2018


60 S Main Street, Hooksett, NH 03106

Single-Family

$294,900
Price

3
Bedrooms
7
Rooms
3
Baths
Cozy, Comfortable, Open concept and well cared for throughout the years. This home welcomes you with light filled open living space and vaulted ceilings with solid wood floors, kitchen island where all the spaces on the first floor look out to the yard waiting to be enjoyed and BBQ on the deck. Lower level off from the 2 car garage leads to a newly added tiled Mudroom, bamboo flooring for the 2nd Master/Living as well as a newly added Bathroom with a radiant heated floor, walk-in shower and vanity. Don't forget this location! Right across the street at Donati Field where you have perfect view of the fireworks of Old Home Day; walk over to enjoy football games; or perhaps just to get a nice walk through the fields. Great location and Great home!
Open House
No scheduled Open Houses






Categories: Uncategorized  


Posted by Kim Daneault on 4/8/2018

The daily commute can be a daily grind. What if you could commute and get a workout in at the same time? You can if you take on the task of commuting by bicycle. Whether you’re established in your current neighborhood or searching for a new home, you should always consider your location in relationship to your work in addition to your preferred mode of transportation. Especially in regions where the weather is nice the whole year through, you’ll want to check on your options for commuting by bike. Below, you’ll find some tips that can make commuting to work by bicycle from your home a bit easier. 


Plan Ahead


Depending on weather conditions, you’ll need to plan ahead. If you have a longer commute, you’ll most likely need to bring a change of clothes to work. You don’t want to spend an entire day at the office in sweaty, smelly clothes. If you need to dress professionally, you should plan to bring clothing that won’t wrinkle easily. Also keep some items to help you freshen up in your work bag including deodorant and wipes. As temperatures get warmer throughout the year, this will become ever important. If the weather looks like it might rain, you might want to bring additional gear or just skip the commute by bike altogether on those days. You can even store some spare clothing or toiletries in your desk in case you forget to pack something one day.  


Have A Space To Keep Your Bike


Both at home and at work, you’ll need to find a spot to keep your bike. It’s important to find a place where the bike will be secure and is able to be locked down. Depending upon the type of area you work in, you’d hate to ride to work on your bike only to find out that when you’re ready to return home your bike has been stolen. Your bicycle should also have a convenient location where you can store it around your home as well. 


Keep In Mind That You Still Could Encounter Problems


Even though you’re riding a bike and not driving a car, you can still encounter problems on your ride to and from work. Hit one bump the wrong way and you’ll end up with a flat tire. This means that you’ll need to have a kit ready in case of any kind of issues that you encounter during your commute. Keep this commuter kit with your work things so that you don’t need to worry about where the spare tubes and bicycle pump are. 


When you choose a commuter friendly neighborhood, you’ll be surprised at how much fun and how easy commuting to and from work by bicycle can be. Just heed some convenience and safety tips and you’ll be well on your way to a good workout to and from work.      





Tags: bicycle   commute  
Categories: Uncategorized  




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