A capital improvement is something that adds value to the home or extends its useful life. Examples include adding square footage, finishing a basement, replacing all the windows, installing a new roof or upgrading to a new furnace. The 1997 Taxpayer Relief Act introduced a capital gains exclusion of $250,000 for single homeowners and $500,000 […]
Time for your annual real estate checkup
Just like an annual physical keeps you healthy, an annual real estate checkup helps maintain your financial well-being. Just like an annual physical keeps you healthy, an annual real estate checkup helps maintain your financial well-being. December is the perfect time to review your situation and make any adjustments for the year ahead. If you […]
Buying or refinancing soon? Check your credit!
When interest rates decline, you might question whether refinancing is worthwhile. Spring is typically the strongest real estate season in Colorado. After months of snow and cold, buyers and sellers are eager to make a move. But in spring 2025, elevated home prices, high interest rates, and record increases in property taxes and insurance drove up the […]
From homeowner to wealth builder – one property at a time
For those willing to relocate more often, it’s possible to grow a real estate portfolio with much smaller down payments – and build wealth along the way. Most people begin their real estate journey by purchasing their own home – and for many, that’s where it ends. When motivated buyers explore their first investment property, […]
Review Your Home Insurance Coverage Before Disaster Strikes
Recovery from the Marshall Fire is nearly complete, but it has taken years. Over the past decade, Colorado has faced fire, flood, wind, and hail—revealing that many homeowners were underinsured or lacked critical coverage. As a homeowner, it’s essential to learn from the past and ensure you understand your policy. With fire season approaching, now is the perfect […]
From homeowner to wealth builder – one property at a time
For those willing to relocate more often, it’s possible to grow a real estate portfolio with much smaller down payments – and build wealth along the way. Most people begin their real estate journey by purchasing their own home – and for many, that’s where it ends. When motivated buyers explore their first investment property, […]
Real estate tax prorations at closing with the 2025 assessments
It would seem that property tax prorations would be very simple, just prorate to the day of closing. Turns out, it can be a lot more complicated than that! The first issue is that property taxes are paid in arrears, after the year has passed. In other words, the amount of the current year’s taxes […]
Are you a real estate professional?
If you qualify as a real estate professional, you could access a set of tax rules that offer valuable deductions and benefits for those actively involved in real estate as their primary occupation. If you own multiple properties, it may be worth checking with your CPA to see if you meet the IRS criteria to […]