Greetings!
On these cold winter nights, do you find yourself dreaming of warm summer days? Lounging on your deck with a glass of iced tea?
You'll be pleased to know that decks top the list for remodeling projects that hold their resale value, as discussed in the article below.
Call us to talk about ideas for your new deck: 540-434-7927.
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Decks Number 1 for Resale Value
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Good news for homeowners! Remodeling projects in 2008 did not decline in resale value as much as analysts expected.
A report from Remodeling Magazine detailed which projects held their resale value. Changes that catch the eye held value best while less visible projects, like a remodeled bedroom, were not as strong.
Top 6 projects:
The full cost vs. value report for 2008-2009 can be read online at Remodeling Magazine.
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Tax Credits for Accessible Remodeling
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In January 2008, the Virginia Department of Housing and
Community Development (DHCD) began administering the Virginia Livable Home
Tax Credit (LHTC) program. It will improve accessibility and universal
visibility for Virginia's residential units.
"This program is
designed to help people with disabilities, or those planning to
age-in-place to more easily afford accessible housing," said Shea
Hollifield, deputy director of the Division of Housing for DHCD.
The
program provides tax credits, up to $500, for the purchase of a new
residence, and up to 25 percent in tax credits for the cost of
retrofitting existing units, not to exceed $500.
Information taken from page 6 of the DHCD winter newsletter.
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