September 29, 2009

Calculating Maint. Deductibility

Just to make sure I am doing the math right, from my 1098, my RE taxes paid in 2008 were X and my share of the Building Mortgage paid was Y. If maintenance is Z, then is this the right formula for determining what I can state on my listing is the deductibility?

( X + Y ) / ( Z * 12)

I am getting a number of ~ 24% I vaguely recall the listing when I bought had 33% so I don't know if that was bogus or if I am doing my math incorrectly?

Thanks,
Matt

Posted in Forum by MattNYC at 12:26 PM | Comments (1)
Categories: Maintenance

September 9, 2009

Add Pulls to Brand New Cabinets?

(apologies if this is a repeat--my pc crashed and I don't see my prior post)

I am having brand new cabinets installed in my kitchen. They look great and have recessed pulls on the doors and drawer fronts. I'm torn about having them put on the hardware pulls or leaving them clean. What do buyers like to see? Since I am selling soon (when the remodel is complete), should I just let the buyer decide what they want? or will no pulls look shoddy/uninviting?

Posted in Forum by MattNYC at 11:19 PM | Comments (3)
Categories: Kitchen & Bath

August 2, 2009

Kitchen Renovation Work Question

I am trying to update my (circa 70s) kitchen to help with potential resale value. Due to odd cabinet sizes, it appears that I am going to have to have custom work done--can't buy the sizes I need from stock :( Also looking to replace the counters with granite or man-made quartz surface.

I have three places from Service Magic and am going to have the usual suspects (Sears, HD, Lowes) give me estimates. Anyone have any advice/warnings/recommendations?

Also, to save money, I want to do a stainless back-splash myself. I saw a reference to go to the Bowery for that, but no one mentioned any specific places--do I just go door-to-door there or can someone recommend a place that can provide specific cut-size with holes for outlets, too?

Thanks!

Posted in Forum by MattNYC at 12:42 AM | Comments (8)
Categories: Renovation