Saturday, January 5, 2013

How do I get home improvement reviews?

Q. I am helping http://www.showroom411.com launch their new site and they need product reviews. What is the best place to find people interested in Home Improvement?

A. Every women is passionate about their house and definitely go for home improvement reviews.
I have gone through your website. I saw affiliate ads, rather than becoming an affiliate i suggest you to introduce contextual ads in your web.
You can either get codes from google that help you to get your company listed in most frequent searches.

Federal Home Improvement Grants, how do they work, how do you apply?
Q. I see advertisements for federal grants that do not have to be paid back that are for everything from small business funding to home improvements. I was wondering if anyone has ever received a grant for home improvement and how you apply and/or qualify to receive one. Basically, how do I get one to do home improvements and renovations??

A. Most of the home improvement grants are for renovating property in low income areas, and you have to use the property for section 8 rentals, not your own home. google search it, I found the site that way. There are grants for everything you can think of. It's a .gov website. Don't subscribe to any service that wants to charge money for finding grants for you, those svcs. are just a scam. Anyone can research and apply. I spent two days scrolling through all of the grant information just to find out that I didn't qualify for anything. Some of them are pretty funny, I saw one grant for immigrants from Africa to study ancestrial drumming. The comedian David Letterman has set up a grant for " mediocre students with little ambition". The only grant I was eligible for was down payment assistance for first time homebuyers, the application process was so long I closed on the house and moved in before I heard anything.

When doing taxes can you deduct home improvement expenses every year or only the year you sell?
Q. I was told that you could deduct home improvement expenses until the year you sold your house. Is this true?

A. Home improvement costs generally increase your adjusted basis to your house and not deductible during current year. If you took a loan to pay for these improvements, the interests you paid are deductible. Also, if your home improvement is only repainting the house, it is not considered home improvement and you cannot add the costs to your adjusted basis regarding capital gain taxes. But if the repainting job is part of a bigger home improvement project, then it's ok to add the costs to the your adjusted basis.

Now make sure you keep very good records on the costs for home improvement so you don't run into problems when you sold your home and report it to the IRS.




Powered by Yahoo! Answers

No comments:

Post a Comment