Your home is typically your largest and most important investment. But sometimes it just needs “a little something” to keep it fresh and current with your changing needs. Is it time to expand your kitchen, upgrade a bathroom, create more storage space, redecorate or maybe put in a pool? As you consider your remodeling needs, keep two things in mind:
- Not every project provides the same “return” on your investment and
- There are a variety of ways to finance your remodeling dream – some of which may provide important tax advantages. You should consult your tax advisor for advice about the tax treatment of the financing options available to you.