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Tag Archives: Home Buyers

Luxurious End-Unit Condo, Originally Builders Sample

290 Byberry Road #19, Philadelphia PA 19116

$259,900 ~ 2BR/ 2Bath ~ 1,800sqft ~ MLS # 6001556

This former sample end unit luxury condominium is bright and cheery. Spacious living room complete with hardwood flooring, 9′ ceilings, crown molding, extra windows and triple glass sliding door which leads to the front balcony. Peninsula kitchen boasts 42″ cabinets, ceramic tile floors, ceramic tile back splash, granite counter tops, stainless steel appliances and a large walk-in pantry. Generous sized master suite is neutral in decor, includes 2 large closets and full master bath with double sinks, ceramic tile and glass accent flooring along with a fully tiled shower. Main floor also includes 2nd nice sized bedroom, full tiled bath, and convenient main floor laundry. Downstairs features a huge family or recreational room. Plenty of closet and storage space. 1-car attached garage with entrance to the family/rec room. Ask about the 7 year remaining tax abatement.

For more information about this property or to schedule a showing, contact me:

Capri D’Amario, Realtor®, ABR®, ALHS® ~ RE/MAX Home Experts

Cell: (215) 266-5557 ~ Capri@CapriCloses.com

Are you looking for your dream home?

Search properties @ www.CapriCloses.com

Newly Renovated House for Rent w/ Garage! (Graduate Hospital)

3BR/2BA Townhouse ~ MLS # 6000626 $2,225/month
Bedrooms 3
Bathrooms 2 full, 0 partial
Sq Footage 2,051
Parking 1 dedicated
Pet Policy Conditional

 

What a deal! Live at 20th and Fitzwater with your own GARAGE! This home has been beautifully renovated, with hardwood floors throughout. Walk into the first floor of this home through a lovely entry way. There is a large room that can be used as a bedroom or living room on this floor which also offers access to the basement and the ample garden space. On the second floor is the eat in kitchen, a full bathroom, a laundry room and the living room which is bathed in sunlight. The kitchen has stainless steel appliances, granite countertops and gas cooking. The full laundry room is conveniently located on this floor and offers great storage. Walk up to the third floor and there is another bedroom, a skylight, multiple closets and the master suite. The master bedroom has great closet space and the tiled bathroom has a separate whirlpool tub and tiled shower. Raja Yoga and The Beauty Shop Coffee Bar are just across the street. Easy access to Penn, Drexel and all of the city’s amenities. This won’t last long!

For more information contact the Running Realtor:

Capri D’Amario, Realtor®, ABR®, ALHS® ~ RE/MAX Home Experts

 

Cell: (215) 266-5557 ~ Capri@CapriCloses.com ~ www.CapriCloses.com

Office: (215) 467-2892 X-24

Follow the Running Realtor ~

Facebook: Capri “Closes” D’Amario, Realtor or

facebook.com/FirstTimerExpert

Twitter: @CapriCloses

LinkedIn: Capri D’Amario

Tumblr: http://capricloses.tumblr.com

Follow my blogs by “The Running Realtor”:

www.FirstTimerBlog.com & www.MyiRun.com

 

Are you looking for your dream home?

Search properties @ www.CapriCloses.com

7 MUST KNOW Tax Advantages, just for being a Homeowner

by Tom Tommy Mortgages Mellett

When you’re evaluating how much home you can afford, make sure you factor in the tax advantages of homeownership.

Owning your home not only allows you to build wealth through appreciation, but it can also reduce the amount of income tax you pay every year.

Here are seven tax benefits for homeowners.

1. Homebuyer tax credits

If you purchase your first home before April 30, 2010, you’re entitled to a tax credit of up to $8,000. If you currently own a home, but sell it to purchase another home before April 30, 2010, you’re eligible for a federal tax credit of up to $6,500.

2. Deductions for loan fees

Typically, you can deduct the “prepaid interest” you paid when you got your mortgage loan. That includes points, loan origination fees, and loan discount fees listed on your settlement statement, even if the seller paid those fees for you. Each time you refinance your home, you can deduct prepaid interest fees.

However, you must meet certain requirements to take the prepaid interest deductions when you purchase or refinance your home. Check with your accountant to be sure you’re following the rules.

3. Property tax deductions

In the year you purchase your home, you’re entitled to deduct the real estate taxes you paid at the closing table. You can continue to deduct the property taxes you pay each year.

4. The mortgage interest deduction

Every year, you can deduct the amount of interest and late charges you pay on your mortgage and home equity loans, though there are limitations. If you’re required to purchase private mortgage insurance (PMI) because you made a downpayment of less than 20% on your home, you can also deduct those premiums as mortgage interest expenses.

5. Home office expenses

If you have a home office you use only for business, you may be eligible to deduct the prorated costs of your mortgage, insurance, and other expenses related to that space. The government scrutinizes home-office deductions closely. Be sure you’re entitled to the deductions before claiming them.

6. The costs of selling your home

In the year you sell your home, you can deduct the costs of selling it, including real estate commissions, title insurance, legal fees, advertising, administrative costs, and inspection fees. You can also deduct decorating or repair costs you incur in the 90 days before you sell your home.

7. The gain on your home

If you lived in your home for at least two of the previous five years before you sell it, the government lets you to take up to $250,000 of profit on the sale of your home tax free. That amount is doubled for married couples. This deduction isn’t available on rental or second homes.

 

The government also allows you to subtract from your home sale profit any amounts you spend on improvements, such as window replacement, siding, or a kitchen remodel. Those deductions are in addition to the tax credits you can receive in 2010 for making energy-saving upgrades. Money invested for routine maintenance and repairs doesn’t count.

 

This article includes general information about tax laws and consequences, but is not intended to be relied upon as tax or legal advice applicable to particular transactions or circumstances. Consult a tax professional for such advice; tax laws vary by jurisdiction.

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