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Removing Carpet

November 20th, 2018 by tisner

home flooring options

Homeowners of houses built in the wall-to-wall carpet phase may be pleasantly surprised to learn that there is hardwood flooring beneath rug.  If you’ve pulled up a corner of the carpeting and found just that, or simply want to remove the old carpet before new is installed, DIY’ing this job is a good idea, but be ready–here are a few tips for removing wall-to-wall carpeting: 

  • You’ll need a few things–heavy duty trash bags, protective gloves, sharp utility knife, dust mask, and a crowbar, and for removing padding glue or staples, a flat floor scraper or padding adhesive remover. 
  • Remove all the furniture from the room, as well as floor vents, and any under shoe molding.  Vacuum very well to remove as much dirt and dust as possible. 
  • If there is a room door that swings inward, take the door off the hinges to keep it out of the way. 
  • Suit up with the dust mask and the work gloves, and start in a corner, pulling a section back with the crowbar, taking care to be mindful of the tack strips that can be holding down the carpet around the perimeter of the room. 
  • Once you’ve pulled the carpet back, fold it over, and, using the utility knife, cut a section of carpet from the back side for easier going. (Cutting the large rug into sections makes it much more manageable than rolling up the whole piece.)  
  • Remove the tack strips with the crowbar if you have hardwood floors under the padding that you plan on refinishing.  Start in the middle of the strip, loosening the nails, and work towards the ends. 
  • After the tack strips are out, tackle the padding.  Pull it up, cutting into sections the same way the carpet was cut. 
  • Some padding is installed with adhesive, and some is stapled to the floor.  If there is glue remaining on the floor, follow the instructions on the carpet padding adhesive remover to get the glue off the flooring. The staples can be removed with the floor scraper. 
  • Remember that if you’re planning on recarpeting the floor, leave the tack strips in place, and remove the padding anyway, as most installers require new padding to be put down. 

Call your local municipality to find out how they would like for you to dispose of the old carpet, because the large amount may not be able to be picked up by the regular truck.  Don’t hesitate to ask about recycling programs that are available, as virtually all carpeting can be recycled.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

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Photo credit: plushardwoodflooring.com

Overlooked Recordkeeping

May 4th, 2018 by tisner

Homeowners are familiar that they can deduct the interest and property taxes from their income tax returns. They also understand that there is a substantial capital gains exclusion for qualified sales of up to $250,000 if single and $500,000 for married filing jointly. However, ongoing recordkeeping tends to be overlooked.38285944-250.jpg

New homeowners should get in the habit of keeping all receipts and paperwork for any improvements or repairs to the home. Existing homeowners need to be reminded as well, in case they have become lax in doing so.

These expenditures won’t necessarily benefit in the annual tax filing but may become valuable when it is time to sell the home because it raises the basis or cost of the home.

For instance, let’s say a single person buys a $350,000 home that appreciates at 6% a year. Twelve years from now, the home will be worth $700,000. $250,000 of the gain will be exempt with no taxes due but the other $100,000 will be taxed at long-term capital gains rate. At 15%, that would be $15,000 in taxes due.

Assume during the time the home was owned that a variety of improvements totaling $100,000 had been made. The adjusted basis in the home would be $450,000 and the gain would only be $250,000. No capital gains tax would be due.

Some repairs may not qualify as improvements but if the homeowner has receipts for all the money spent on the home, the tax preparer can decide at the time of sale. Small dollar items can really add up to substantial amounts over many years of homeownership.

You can download a Homeowner’s Tax Worksheet that can help you with this recordkeeping. The important thing is to establish a habit of putting receipts for home expenditures in an envelope, so you’ll have it when you are ready to sell.

By: PatZaby.com

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

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Keller Williams At-The-Lakes
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Celebration, Fl 34747

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