2011 Energy Tax Credits: What you should know

2011’s Federal Energy Tax Credits of up to $500 for various home improvements are not as generous as they were in 2009 and 2010. But if you upgraded one or more of the following systems in 2011, you may be eligible to take a tax credit on your 2011 returns.

  • Insulation
  • New Windows
  • Roofs
  • Water Heaters

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Is now the time for young families to buy a home?

It has been reported that almost six million adults between the ages of 25 to 34 are currently living with their parents. That number reflects an almost 50% increase since 2003. These young adults are now being advised to jump into homeownership.

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‘Advice’ for buying a home

Among all the other challenges of purchasing a home, today’s buyer often has an added burden: the advice of friends, co-workers and family.

A sampling of advice might include:

(a) How dirt cheap ‘those foreclosures’ are;
(b) How much of a discount you should be able to negotiate;
(c) Exactly how much is too much for you to pay, or,
(d) That banks/sellers are so desperate to sell.

 

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