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15
Mar 10

Houston Relocation News

Houston News

America’s Four Great Growth Waves and the World Cities They Produced 

Is the Great Recession no match for Houston?

Relocating Companies

R.J. O’Brien Opens Houston Office to Spearhead Energy Business

UK software firm makes Houston new U.S. headquarters

Home Movers


9
Mar 10

REAL ESTATE RELATED TAX TIPS

Tax time is upon us again, so here are some real estate tax tips for all those who continue to procrastinate: 1.  Property tax deduction for second homes and/or investment property:  The property tax deduction is available for much more than just your primary residence.  The deduction is also available for second, third, or fourth homes, raw land, vacant lots, etc.  However, keep in mind that different rules apply for rental properties. 

 2.  Home-Buyer Tax Credit: If you are a regular reader of this Newsletter, you no doubt know the details of the Homebuyer credit, which ends on April 30th.  If you qualify, you could receive up to $8000 from the federal government.  (For more information about the homebuyer tax credit, give Norhill a call or visit http://www.federalhousingtaxcredit.com/.)

 3.  Refinance points: If you refinanced your primary or secondary home last year, you may have some tax deductions as well.  If you paid points, you might be able to amortize those points over the life of the loan.  For additional information, check out the instructions for Schedule A in your Form 1040 Forms and Instructions booklet. (Looking to refinance while rates are still low? Give us a call. Norhill can help.)

 4.  Green deductions: Going Green can definitely save you some “green”. Making green renovations makes homeowners eligible for dozens of tax deduction credits. The credits range from solar power panels to purchasing energy efficient appliances for your home.

 

 
We hope this provides you with a few good tips, but make sure to address these issues with your tax advisor or through independent research.  Norhill does not render accounting advise and the above information is no substitute for a competent accounting professional.  In other words, if you get audited, don’t blame us. 

16
Dec 09

These Closets are freaking me out

I don’t know if these closet doors are my bag.  However, they defineitely add more than a splash of color.  The doors are manufactured by Spazzi, which actually has some pretty cool design options.  For more information, check out Trendir.

 


3
Dec 09

STILL A HISTORIC TIME TO BUY

Tax credits and low rates continue.   On November 6th, President Obama signed into law an extension and expansion of the first time homebuyer credit for contracts executed before April 30th.  The new law will increase the qualifying income levels for couples up to $225,000/year, an almost $55,000 increase.  Furthermore, the credit will be expanded to include existing homeowners that have owned their current primary residence for 5 of the previous 8 years.  These individuals will be eligible for a tax credit up to $6,500. For more information about the credit, you can visit federalhousingtaxcredit.com. If $8000 of free money wasn’t enough to get you interested in shopping for a new home, maybe extraordinary low interest rates will do the trick.  Interest rates continue to hover around all time lows.  The 30-year fixed rate mortgage is currently averaging about 5% (5.11% APR**) and the 15-year fixed rate mortgage hovers around 4.5% (4.538% APR**).  These interest rates will probably not hold much longer.  Many economists speculate that the Federal Reserve will begin to raise interest rates in the 2nd quarter of next year.

25
Nov 09

Fresh Finishes – Bath Time

I’ve never been one for baths.  I’ve always been a shower man myself.  However, I think I this tub could change my attitude.  I wouldn’t spending some quality time with some candles and bubbles in this tub by Pearl Baths.

beautiful-bathroom-ideas-ambrosia-bathtub-3 

Check out some of the cooler tubs we found in new construction homes in Houston:

2328 BARTLETT ST

3531 GRENNOCH

1114 B POTOMAC DR

805 BRANARD