Homeownership

Found 22 blog entries about Homeownership.

by Dona DeZube for HouseLogic.com

Here are the tax tips you need to get a jump on your returns.

Owning a home can pay off at tax time. Take advantage of these home ownership-related tax deductions and strategies to lower your tax bill:

Mortgage Interest Deduction

One of the neatest deductions itemizing homeowners can take advantage of is the mortgage interest deduction, which you claim on Schedule A. To get the mortgage interest deduction, your mortgage must be secured by your home -- and your home can be a house, trailer, or boat, as long as you can sleep in it, cook in it, and it has a toilet.

Interest you pay on a mortgage of up to $1 million -- or $500,000 if you’re married filing separately -- is deductible when you use the loan to

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Winter pruning - Getty Images

Winter is a great time to prune your trees and shrubs!

And if you'd like to hire a professional, the Albuquerque Bernalillo County Water Utility Authority (ABCWUA) may be able to help. Their Tree-Bate program offers rebates for professional tree care – up to $100 for residential customers!

ABCWUA Tree-Bates!

Trees, while they do require water to survive, actually aid conservation by providing shade and reducing water loss to evaporation, not to mention the many other environmental benefits they bring to our community.  In order to promote proper care in our dry climate, the Water Authority offers “Tree-Bates” to help cover the costs of tree maintenance -- and even the purchase of new trees!   The “Tree-Bate” is 25 percent of the cost of…
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Updated Servicing Rule Provides Surviving Family Members and Other Homeowners with Same Protections as Original Borrowers

Washington, D.C. (August 4, 2016) – The Consumer Financial Protection Bureau (CFPB) today finalized new measures to ensure that homeowners and struggling borrowers are treated fairly by mortgage servicers. The updated rule requires servicers to provide certain borrowers with foreclosure protections more than once over the life of the loan, clarifies borrower protections when the servicing of a loan is transferred, and provides important loan information to borrowers in bankruptcy. The changes also help ensure that surviving family members and others who inherit or receive property generally have the same protections under the

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house numbers

House numbers are more than a convenience for pizza delivery. They are important to your family’s safety.

Emergency services need to see your house numbers to find you. That is why the City of Albuquerque passed an ordinance requiring all buildings, both residential and commercial, to have easy-to-find numbers on the property. 

If you don’t have house numbers on your property, one of the easiest DIY solution is to paint them on your curb.

For this beginner DIY project, you will need; 

  •              Painters tape
  •              Number stencils
  •              White spray paint
  •              Black spray paint
  •              Paint brush and paint remover (for touch ups/overspray)

 

Step 1: Sweep and clean the curb. Once dry,

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patio idea

By: Lisa Kaplan Gordon

Upgrading your outdoor spaces? Here are upgrades that landscape architects rate as most popular.

If you’re thinking of sprucing up your yard, install what you love; but also pick upgrades that will increase your home’s value and, someday, attract buyers.

The new "2014 Residential Landscape Architecture Trends Survey" by the American Society of Landscape Architects clues you in on what outdoor features are trending up: 

1.  Outdoor lighting (98.3% of architects rated this as very popular): With today’s solar and LED lights, it’s a low-cost upgrade, too. 

2.  Terraces, patios, and decks (97.7%): Adding any of these features is like adding another room to your home for much of the year.

3.  Low-maintenance landscaping

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 us capital building

Source: HomeOwnershipMatters.realtor

Fast Fact: The National Association of REALTORS® Issues Mobilization grants help keep you and your neighbors aware and informed about public policy changes that would impact your wallet and your home.

Too often, legislators target homeowners when seeking to fund federal programs. Even recently, some tried to put the financial burden of highway and transportation programs on the backs of homeowners.

A proposal in Congress would have diverted Fannie Mae and Freddie Mac’s guarantee fees (sometimes called “G fees”) to pay for these long overdue national highway and transportation improvements. Each time G fees are used for unrelated government spending, America’s homeowners wind up paying more for their

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By Eva Medcroft, Editor for NewMexicoHomeSearch.com

If you're like me, you spend a "little time" looking at home design ideas on HGTV, DIY, Pinterest, Houzz and more. And, you may have noticed that all the latest designs nationwide seldom use textured walls.

Before we show you how to repair your textured walls, we need to introduce you to the most common textures so you can sound like a pro when you go to your favorite home improvement store for supplies – or when you hire a pro if DIY textured walls are not your thing.

To learn more about how you can replicate this technique, click on the image to go to DryWallSchool.com for in-depth DIY tutorials and videos.

1. Knock-Down

One of the most common textures is called knock-down. It may

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 Adobe girl from New Mexico True

You’ve heard the expression, ‘dumb as mud?’ Well, that’s not really how we think about our mud here in New Mexico.

Adobe is a defining feature of New Mexico’s unique architecture, and something visitors from around the world are drawn to discover and explore. Along with New Mexico's endless skies and stunning landscapes, adobe gives our state a look and feel that can’t be found anywhere else.

Find “Cured Earth” and the New Mexico True Adobe Trail at NewMexico.org.

Pick a trail and see where it leads – to classically New Mexican adobes or Victorian neighborhoods on the Architecture Trail; to green chile cheeseburgers and family-owned wineries on the True Cuisine Trail, to famous artists, Native craft and top museums on the Art, Culture

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 Southwestern plants

Source: ABCWUA

The rebate amount has increased to $1.50 per square foot. Plant coverage must still be 50%, but all of the plants must be from the low water use designation on the Rainwater Harvest Plant List below. These plants are native or xeric adapted to live on the 8 inches of natural rainfall that occurs in Albuquerque. A rainwater collection or direction system must also be a part of the plan, which must be approved by the Water Utility's Xeriscape Inspector. In order to allow for root establishment and development, supplemental irrigation is allowed for a two-year period for shrubs and grasses, and a three-year period for trees.

Plants Approved for the “Rainwater Harvest Garden” Rebate Program

All plants need regular watering when

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A "Listing Agent" and "Buyer Agent"

When you you see a house you like on NewMexicoHomeSearch.com and contact the REALTOR® on that listing or yard sign, you need to know you are contacting the representative for the seller – commonly referred to as the “listing agent.”

Sellers and their REALTOR® (the “listing agent”) have a written contractual agreement outlining their relationship. It’s called the Exclusive Listing Agreement. It outlines the REALTOR®’s role as the listing agent, how they will market the property, the commission and the terms of the listing.

A REALTOR® working as the “Listing Agent” represents the Seller

In short, the REALTOR® acting as the “listing agent” has a legal obligation to work on the seller’s behalf. Their job is to get the highest possible price and

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