Posted On: May 2nd, 2022 5:45PM
Watch this short 3-minutes video and see if your home has turned into a gold mine on which you may be sitting.
What will it cost you to cash out on your home?
Your home is one of the few assets you can profitably sell without paying capital gains tax.
As long as you’ve owned the property more than two years, and lived in it as your primary residence for
at least 2 of the last 5 years, a married couple filing jointly has a maximum $500,000 of tax free gains.
For single people, or married couples filing separately, the exclusion is $250,000.
Anything over that will be taxed up to 20% - based on income.
If you would like to have an Equity Review analysis, please reach out to me at 602-710-8161.
Posted On: September 21st, 2015 7:31PM
The front yard of this home in Tempe AZ has been gradually converted from a green lawn to the fruit-bearing orchard it is now. The casual beauty of the agriscaped front yard of the home in the picture provides a lot of joy and pride to its owners during the whole year. In December, the pine tree is decorated with holiday lights. In February, citrus trees are quite a sensory experience - fragrant and stunningly beautiful with the opulence of the lemon tree, with the aromas of the orange and tangelo trees. I was surprised when I counted the number of shrubs and trees – total of fifteen: two eucalyptuses (huge), one pine tree, one cedar, two varieties of apricots, two apple trees, one lemon, one tangelo, one orange, several purple bougainvillea shrubs.
The proud owners of this home enjoy fresh fruit from their own garden almost in any season – by the time the citruses are gone, the apricots and peaches will be coming into season, and after them are the apples (now in beautiful pink blossoms in the picture). Besides fruit, the owners enjoy a few greens for their salad. There’s mint, parsley, arugula, and a few rosemary plants. Those of us who prepare home meals know – nice to have these in a few dishes, but we can never use up the whole bunch that we bought from the store.
The front yard fits perfectly well with the neighbor’s desert landscaping and with the green lawn across the street. It adds its own signature, character and much desired shade in a street of well-maintained homes. It consumes a lot less water than a green grass lawn, requires little time to maintain it, and is practically self-sufficient, yet aesthetically competing very successfully in color, fragrance and shape with purely decorative, designer-landscaped yards.
Agriscaped yards add to the value of properties and create a welcoming atmosphere to the new buyers when they are viewing homes.