Portland Oregon House Painting Contractor Blog

Spring marks the start of both the income tax filing season and home improvement time, but proximity on the calendar isn?t the only thing the two have in common.

Certain types of home improvements can lower your tax bill, or produce a bigger refund to help finance other home projects. Below are some examples, but a word of caution: If you think you quality for any of these benefits, be sure to consult with your tax advisor before filing your return.

Residential energy credit. The cost of installing certain energy-saving items in your main home ? including energy-efficient windows and skylights, exterior doors, insulation systems, a furnace, or hot water heater ? may qualify you for a special tax credit.

Improvements needed for medical care. If you itemize, you may be able to take a deduction for improvements to your home that are made for medical reasons ? widening doorways, adding handrails, sometimes even installing a spa or swimming pool if the main purpose is medical.

Lead-based paint removal. The cost of removing lead-based paint in the course of remodeling or repainting may be tax-deductible.

Points paid for a home improvement loan. You can deduct the cost of points paid on a loan to improve your main home. The deduction can be taken immediately or spread out over the term of the loan.

Capital improvements. Improvements that increase the value of property, lengthen its useful life, or adapt it to a different use (building an addition, converting a basement to a recreation room, or even re-wiring a home, for example) increase the ?basis? of the property and can save on taxes at the time of sale.

Home office deductions. Assuming that you run a business out of your home, direct expenses for things done to the home office such as interior painting, paneling, or carpeting are fully deductible. You may even be able to deduct a portion of the expense for home improvements that benefit your entire home, such as exterior painting or installing a new roof.

Rental property. If you make improvements to rental property that you own, you can recover the cost of the expense over the course of time through depreciation. Simple repairs (including such projects as repainting or fixing broken plaster) can usually be taken immediately as deductions against rental income.

As you can see, there are many connections between your property improvements and your tax liability, so don?t forget about these projects when you file your taxes. Keep careful records, share them with your tax preparer, and get all the tax relief that you deserve!

As a do-it-yourselfer, it?s always smart to use the best painting practices when doing interior or exterior painting. It makes everything easier, faster, and more fun. With that in mind, here are six resolutions you should be sure to keep when doing your 2012 painting projects:

1. Always use testers. No matter how good your color sense, there?s no substitute for seeing the exact color you?ve chosen on the very surface you?ll be painting. So, don?t be a Scrooge at the paint store: Spend a couple of dollars for a paint sample ? and apply it liberally ? to make sure your color pick is perfect.

2. Never cheat on surface preparation. When it comes to painting, patience is a virtue. Resist the temptation to rush things by immediately grabbing your brush or roller before you properly prepare the surface. Time spent to repair, prepare, and clean walls, woodwork, or whatever you?re painting will produce a better-looking paint job.

3. Always use the highest quality paint. While it?s tempting to save a few dollars by using a cheaper paint, you?ll end up paying the price in the final appearance and durability of your paint job. Go for real economy this year by purchasing a quality 100% acrylic latex paint ? it will provide more years of service and produce even bigger savings over the long haul.

4. Never work with substandard brushes and rollers. Invest in well-made, high quality applicators to do justice to your paint. They?ll apply the paint more evenly, make your painting more effortless, and help you achieve superior results.

5. Always care properly for unused paint. Securely seal cans of leftover paint, label them with helpful information (especially if paint drippings conceal data on brand, color, and sheen), and avoid storing them in an area that is subject to extreme cold or heat. Not enough to save? Then be a good citizen and dispose of the paint properly, following your local community?s recommended procedures.

6. Take pleasure in your painting! As with so many things in life, we can approach interior and exterior painting projects as either pleasant activities or disagreeable tasks. This year, be positive in your approach to home painting. You might find it to be fulfilling, even fun. One thing?s for sure: You?re likely to be a lot more fun to be around!

Best wishes from the Paint Quality Institute for a safe, happy, and colorful New Year!

Tagged as: happy new year, paint brushes, paint color testers, paint rollers, paint surface preparation