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Re Stores for Reused Building Materials - by US for YOU

RE Stores are growing organically.  Reused building materials are available as used building materials, salvage, architectural salvage and fill a need in between garage sale stores, Lowes, antique store and definitely eclectic salvaged treasures!

RE Store is an outlet REsources  in Bellingham, WA that pulls reusable materials out of projects and they then set up a store to handle all the materials.  They are now the largest retail store in downtown Bellingham.  The store staff are paid employees, and they use volunteers from community service programs, and interested volunteers as well. 

These people are like minded and concerned about their communities.   Newish items run about half of new prices.  Other items are based on gut feel.  Donations are accepted and sometimes are bought at about 25% of their value. 

Goals for used building materials are to keep things out of the landfill, help low income families, and assist artists.  Lots of used building material treasure hunting goes on here!

Kinds of used materials vary from:  doors, dimensional lumber, cabnitry, hardware, windows, flashing, plumbing, hardware, toilets and sinks, lighting fixtures, and even science room cabinets.  Salvaged materials look for cool and valuable.  Appliances are sometimes usable such as refrigerator and ovens.  

Public donations. Deconstruction crews take houses apart by hand.  Salvage crews reclaim used remodeling parts.  Pickup crews pick up used building materials and appliances from homeowners.   These salvage operations are all safer and more time efficient than mining the landfill.

Employees at Re Store are over educated, environmentally minded and have a very positive energy!  Their dedication shows in the service and sorting skills applied to the used and salvaged materials.

They can presort, restore and make it recyclable.  And can recycle other materials such as asphalt roofing materials to recycle 60-80% of a building. It can take 3 weeks (300-400 hours) vs. 2 days to deconstruct a house...save the homeowner landfill costs and give the homeowner a tax deduction.  Reuse of the materials can help cover costs.  Breakeven is the mission, the goal.  Mission driven vs. profit driven.  But they are sucess driven for the community!

A deconstruction industry is forming, and new tools are being designed for effective work productivity.  Deconstruction provides a lot of jobs, and teams typcally work with crews of 6 people on their deconstruction and recycling projects.

One new tool is a pneumatic nail remover  -- and is seen as the most exciting new tool because it saves time, and can save additional amounts and kinds of wood.

Reality inspires community!  People support and gather around solutions to real needs -- the Re Store is about connections!   

Bankrate provides Web-based financial rate information

Bankrate.com, provides free online bank finance rate information to consumers on more than 300 financial products, including mortgages, credit cards, new and used automobile loans, money market accounts, certificates of deposit, checking and ATM fees, home equity loans and online banking fees.

Objective personal finance stories help consumers learn about the risks and benefits of borrowing, and to make informed financial decisions on major financial decision facing them:  from purchasing their first home, to selecting a new car, to saving for retirement.

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Bad Reasons to Take Out Home Equity Loans

Tax Deductions
Tax deductibility of Home Equity Loans ain't a good reason to lose money :-)  For every dollar in your loan, you get back about 30 cents.  Not a good deal!  Tax deductions should be a secondary or tertiary benefit. Get some reliable  advice from a trusted tax professional before taking on a loan for tax deduction reasons.

Investment Funding
Stock market investing is high risk.  If your home is your nest egg, it's not wise to risk your family's nest and put your eggs into the stock market basket!

Deferring Debt
Using home equity to consolidate debt without making adjustments in lifestyle could create long term financial disaster or slide into further debt. If you consolidate credit card loans into a home equity loan, your house is on the line.

Wish Lists and Wishful Thinking
People who have lot of money typically haven't used much debt. They don't buy discretionary items like boats, wardrobes and trips with debt...especially their core housing!

... On The Other Hand
Home equity loans are good for home improvements that improve the value of the property, reduce operational costs...or cope with disasters such as floods or health problems.
 

Home equity lines of credit, HELOCs

Tax deductions for interest on home equity loans can make remodeling more affordable.  Here are a couple tips to ask your tax advisor about...and to figure into the cost of your next remodeling or home improvement projects.

The IRS allows you to  deduct the interest on up to $100,000 of home equity debt that is used for any purpose. That's on your home, not rental property.

HELOC deductions on second homes can qualify as a home mortgage interest if you use the home as a vacation home during the year.

So...consider remodeling projects that will reduce your energy and water costs.  With today's low interest rates, you might be able to get that weatherization or remodeling loan more easily than you could move to your dream home!




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