One Simple Change To Your Bradley Beach Home Could Pay For Itself

Installing a new insulated garage door is a simple home improvement project that has many benefits. This simple change adds desirable curb appeal and increases the value of your Bradley Beach home. The best part is, it also saves energy and tax credits are given to homeowners who install approved garage doors. 

There is a list of manufactures of approved insulated garage doors that make homeowners eligible for a federal tax credit, which is more valuable than a tax deduction. Homeowners who purchase and install one of the garage doors on their Bradley Beach home in 2009 or 2010 could receive up to a $1,500 federal tax credit. However, this is not a new idea. The legislation to award homeowners for installing specific garage doors was originally passed in 2008. Then, the maximum amount possible for homeowners to receive from the tax credit was $500 or 10 percent of the product’s cost. The new federal stimulus plan put in to action in February 2009 made installing a new garage door even more worth while. The new legislation promises triple the amount the original legislation offered. The maximum federal tax credit is now 30 percent of the product’s cost, or up to a maximum of $1,500. 

Another way installing an insulated garage door can help pay for itself is through energy savings. More than often people find that rooms next to or above the garage are the coldest rooms of the house in the winter and the hottest in the summer. This is because old garage doors that are not insulated allow brisk winter and scorching summer air to flow in to the house. The inefficient garage doors can also allow heated and air conditioned air to escape, like money flying out a window. Installing a new qualified, insulated garage door will help reduce energy bills year round and make your [city] home more comfortable. 

The new and improved garage doors are more attractive to the eye, which increases the curb appeal and value of your Bradley Beach home. Garage doors take up a considerable amount of space on the front of a home. The front of the home is the first thing homeowners, guests, and people passing by get to see when approaching the house. A typical white or almond colored garage door can make a house look plain and boring. It also makes the home blend in with every other house on the street. New garage doors found on the approved list offer a variety of the latest styles, including a carriage house or country look, sleek and contemporary, steel doors with real wood grain panels. No matter what the style of your home, there is sure to be a garage door that compliments and completes the picture.

Tax Credit Expanded for Jersey Shore Home Buyers

The $8000 first-time tax credit for Jersey Shore home buyers was scheduled to expire in just a few short weeks…Nov 30, 2009. I say ‘was’, because the Senate voted unanimously to extend the credit on Monday and the House of Representatives approved the extension yesterday afternoon by a vote of 403-12. The extension includes an expanded tax credit to repeat home buyers. The bill now goes to the President for his signature which is expected to happen today. 

Home Buyer Tax Credit Expansion and Extension 

1. The $8,000 tax credit will be extended and available for first-time home buyers through May 1, 2010.
2. A new $6,500 tax credit will be available for repeat buyers who purchase between December 1, 2009, and May 1, 2010. To qualify, buyers must have used the home sold or being sold as a principal residence consecutively for 5 of the previous 8 years.
3. Prospective buyers with binding contracts in place as of April 30, 2010, will be allowed an additional 60 days to complete the transaction.
4. Income limits are expanded to $125,000 on a single return and $225,000 on a joint return.
5. Limitation on the cost of a purchased home is $800,000. 

If you know anyone looking to buy their first Jersey Shore home at a time when prices and interest rates are still down, or if you are thinking of buying another Jersey Shore home and getting the new $6,500 credit please contact me today.

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