So
you missed out on the Boston
Real Estate market last year. That's OK – you haven't missed
the boat yet on low mortgage rates. In many ways, 2015 is a great
time to buy
a Boston home, not the least of which is for certain tax
breaks. If you buy
a home in Boston in 2015, here are three significant tax
benefits you may qualify for.
Points.
Deductible points are a
standard tax break, but, 2015 might be a good year to buy them.
Interest rates are at all-time lows and we are foreseeing the
inevitable increase. Points are considered a form of interest and are
tax-deductible in the same year as long as you meet
a few standard requirements. Even if buying points doesn't drop
your monthly payments by much, you can still get a sizable tax break.
Talk to your loan officer and accountant to see how it affects your
individual circumstances.
Energy
Credits. If you buy
a home in Boston
in 2015 you may want to
outfit it with some energy-saving systems. You can write off 30% of
the cost as part of the Residential
Renewable Energy Tax Credit.
Bye
Bye Renting. Renting in Boston
is only getting more expensive and you also don't get many tax
breaks. But, home
buyers certainly do benefit from several tax breaks. Stop the
cycle of building your landlord's equity and start building your own.
When
you are ready to purchase
your own Boston
home
look to an expert, contact
a Boston Real Estate Agent. I'm
committed to providing you with the highest quality buyer service.
When making the type of investment that buying a home requires, you
deserve to have all the latest market information and the very best
advice, both of which I can provide you with. I am always here should
you have a question on a Boston neighborhood such as South
End, Fenway,
Beacon
Hill, or any other. I hope to speak with you soon!
Lucas
Garofalo
Keller
Williams Realty
(617)
861-3631
Lucas@LucasBostonHomes.com
Connect
with me:
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