The Boehmer Team Visits The International Builders Show in Las Vegas

In January 2016 the International Builders Show in Las Vegas displayed the latest styles in home building materials, decorating trends and home accessories. 

The Boehmer Team was there to see the newest styles and talk to the companies that create them. Now we would like to share what we saw with you.

The bustling floor of the International Builders Show 2016.

Doors

The doors displayed at the International Builders Show did not disappoint. Doors are more than entryways to a home, they offer a tone to what you will find inside. 
Also the Cost vs Value 2016 Report places a new entry door as the 4th best for cost recouped on remodeling prior to a home sale. So an updated entry door is a good home investment.

The frosted glass slats in this door allows for both privacy and light.

Espresso Double Doors With Windows

Dome Shape Double Doors with Textured Frosted Glass Windows

Custom round windows make a statement on these rich wood doors.

Sliding Barn-Style Doors on a Track System

Why not make the windows be walls and doors?

Make your house more open to your outdoor spaces with these LaCantina doors.

Cabinets & Hardware

No matter your personal style, there are cabinet designs that will work for any space in your home. While classic wood cabinets are still as popular as ever, newer styles that open from the bottom are a trend to reckon with.

These off-white cabinets take advantage of the angles.

Mixing cabinet colors is a huge trend that breaks up the kitchen with flair.

Classic cabinetry with lots of planing and old-fashion charm are still very stylish. Off-white was a big trend in cabinetry.

Ultra-modern cabinetry with a clean, sleek look drew a lot of attention.

This cabinetry even works great in kitchen, living room or office spaces.

Here are some of the latest designs in door and drawer pulls.

Bath

Designs for the bathroom are ever evolving. The trends this year include unique shaped tiles and fixtures. In addition, technology is more incorporated into the designs.

The future of shower heads.

This manufacturer showcased unique and modern designs of everyday bathroom basics.

Square is so... square. How about octagonal tiles?

How about a sleek jetted tub with window?

Tile

Every shape, size, material and texture of tile can be found when visiting the International Builders Show. 
Tile trends in 2016 include unique shapes, printed designs, textures, and mixed materials. Tiles appeared made of glass, ceramic, metal and stone.
A large range of sizes appeared in tile again this year with tiny tiles to over-sized tile options available.

Tiny brick tiles of glass and stone.

Some printed ceramic and textured glass tiles.

This printed tile makes a lovely print when put together.

Notice the texture in this tile.

Brushed aluminum tiles will reflect light and brighten the space under cabinets.

A closer look at printed ceramic tiles.

Mixed materials and colors in these tiles.

Wall Coverings

There were many fantastic natural and modern surface coverings to see at the International Builders Show. 
Walls, floors, cabinets and counters have more options than ever to create a home design that is uniquely you. Here are some of the exciting new wall coverings we liked at the show.

This manufacturer had options for covering almost any kind of surface.

Octagonal wall tiles help with sound-proofing and creating intimate spaces.

Wood wall coverings in every color and texture made a splash at the show.

Aren't these white-washed wood walls spectacular?

Home Accessories

There were so many things to see at the International Builders Show we cannot possible share them all. But here are a few other items that stood out to us.

A great way to make a staircase feel lighter while being safe is with steel cables instead of spindles.

Why does a mailbox have to be black? Make your home stand out with a colored mailbox.

A mix of rustic and industrial hardware adds unique functionality to a home.

These window shades are definitely not boring!

International Builders Show 2017

The next International Builders Show is in January 2017 in Orlando, Florida. If you are interested in going you can find more information at buildersshow.com. If you have any questions about our experience at the builders show just contact us.

The Advantages Of Villa Homes

If you have shopped for a home recently, you may have noticed the villa homes that now makeup a good portion of the real estate landscape. What is a villa you ask? They're not apartments or houses, or even condominiums. A villa is a new term for an attached or free standing, maintained home. In most instances, Villa owners own the piece of land their home sits on. Condo owners only own the airspace inside the condo, not the land. If owning a piece of planet Earth is on your bucket list, a villa will let you live that dream.

There are some perceived disadvantages of villa homes, many of which are rooted in a fear of annoying neighbors. Potential buyers worry about disruptions from noisy neighbors, and interference from nosy ones. However, recently built attached homes have well insulated shared walls that effectively soundproof each home. They also are designed to minimize spreading damage in the case of a fire.

Competitive Prices

There are plenty of advantages that make an attached home an attractive living option that you should really consider. The primary advantage of attached living lies in its general affordability. In many communities an attached villa or duplex home can be the same size as a single-family model, but will usually be offered for a lower price.

Low Maintenance

Low-maintenance living is another benefit of an attached home, as the structural exterior, lawn care and snow removal is often the responsibility of the community. In a villa you will enjoy many community amenities with less hassle of home and yard maintenance. So you need never throw out your back bending over to pull one stupid weed again. Often times, insurance is included in your monthly assessment so your homeowners insurance may be substantially lower than with a single family home.

Of course, every HOA (as the homeowners' association likes to call itself) has a different list of maintenance items it'll take care of, so you'll want to make sure you all agree on who has to do what in the yard. 

Community Amenities

When you buy a villa, it comes with a community, and that community has amenities. Many villa developments have a gym, a pool, a laundry room, tennis courts and even a recreation room that owners can sign up to use for parties.

Benefits of Close Neighbors

The truth is, a bit of Nosy Nellie-ish behavior does benefit the neighborhood. Being part of a villa community means neighbors are more likely to know one another and therefore know if someone new is creeping about. This makes villa living perfect for frequent travelers who want their home to remain safe while they are out of town.

For seniors or anyone who is medically fragile, having close neighbors can be a real advantage.  In addition retirees can still have the advantage of building equity while not being in a 'retirement home’.

Unique Living Situations

The villa housing style opens up options for unique situations. Say for example you need to take care of someone in your family who needs close supervision, but is also situation where both parties, yourself and your family member require privacy and space. By living on one side and having your family member live on the other side, it solves that dilemma.

St. Louis and St. Charles, Missouri area Villa Homes

The St. Louis metropolitan area offers many great villa homes and communities. The Boehmer Team has helped numerous clients find the perfect villa home. We also have bountiful experience in new construction and can assist anyone looking for a brand new villa. Contact The Boehmer Team for help finding a villa in the price range and area you desire.

Additional References:

http://www.55places.com/blog/the-advantages-and-disadvantages-of-attached-homes

http://home.howstuffworks.com/community-living/condos-townhomes/5-advantages-townhouse1.htm 

http://blog.duplex.net/duplex-homes-5-reasons-to-buy-a-duplex/ 

 

10 Tax Savings for Missouri Homeowners

Are you a homeowner in Missouri? The Boehmer Team would like to make sure that Missouri homeowners get the most from their tax return. The following deductions can result in valuable tax savings for taxpayers who itemize.  For reference while doing taxes, IRS publication 530 specifically covers “Tax Information for Homeowners”.

1. Mortgage Interest Is Tax Deductible

Did you paid interest on your mortgage last year?  Claim it! Don’t forget that mortgage interest and taxes are also generally deductible for second homes, too.

2. Mortgage Points Are Tax Deductible

If you bought a home in 2015 with a mortgage, then in addition to the mortgage interest (which may not be a lot if you bought late in the calendar year), you can probably write off the points (both origination and discount points) on your tax return. The challenge is whether you’re eligible to deduct the points all at once, or whether you have to spread the costs out over the life of the loan. Generally, if you bought your first home or got a loan on that first home, you can take the deduction all at once, the IRS says. For a second home, and often for a refinance on a first home, the IRS says you most likely have to spread it out. 

3.  Property Taxes Are Tax Deductible

Many taxpayers overlook the fact that homeowners can deduct local, state and even foreign real estate taxes on their federal returns. Lower-income homeowners may also get special property tax benefits from their state or municipality, so look into further breaks specific to your community.

4. Mortgage Insurance is Tax Deductible

The cost of insuring a home mortgage is deductible up to certain income limits. If your adjusted gross income is more than $109,000 ($54,500 if married filing separately), you cannot deduct your mortgage insurance premiums.

5. Interest on Home Equity Loans are Tax Deductible

Interest on home equity loans and home equity lines of credit are tax deductible.  

6. Discount Points are Tax Deductible

Discount points are normally deductible when purchasing a home. So if you purchased a home in 2015 they are deductible. But when refinancing, they are typically amortized. 

7. Losses From Weather, Fire or Theft May Be Tax Deductible:

“If your home is damaged as a result of fire, flood, or similar event, you may be able to take a deduction for the loss.  To do so, the property must be damaged, lost or destroyed by a sudden, unexpected or unusual event. Loss cannot be gradual, such as insect damage or water damage from a leaky roof,” according to Stacy
Champagne of accounting firm T.A. Ohlms, LLC. “The amount of the deduction is generally determined by the difference in the fair market value of the property before and after the loss, OR by the cost of the necessary repairs to restore the property to its original condition. After the loss is determined and the insurance reimbursement subtracted, the loss deduction is generally reduced by $100 for each casualty, any casualty gains, and 10% of your adjusted gross income.”
While nobody wants a tree to fall on their house or for burglars to make off with their flat screen, the IRS grants a break to any property or casualty loss that is more than 10% of your gross income and is not reimbursed by your insurance. Documentation is key, both to prove values and the circumstances under which something was lost. Casualty losses are reported on Form 4684 and deduction on Schedule A. 

8. Energy efficiency Tax Credits

Congress recently extended the “Nonbusiness Energy Property Credit” for installing energy efficient windows, fans, air conditioners, etc. The credit allowed is up to 10% of the purchase price of qualified products, up to a maximum of $500 for all of your home improvements (maximum for windows is $200).  The $500 is a “lifetime” cap.  Written certification from the manufacturer is needed.
Another credit available is the “Residential Energy Efficient Property Credit.” This could be worth up to 30% of the cost of installing certain renewable energy sources in your home and may be claimed for newly constructed homes.  This includes solar hot water heaters, solar electric equipment, and wind turbines. There is no dollar limit on the credit for most types of property. Use Form 5695 to figure your residential energy credits.  

9. Some Home Renovations Are Tax Deductible

Generally you cannot take a tax deduction for renovations. The amounts spent are added to the cost basis of your home, so you should keep track of them.  If you obtain a home equity loan or home equity line of credit to fund the renovations, the interest would be deductible (up to IRS limits).
“Home improvements made for medical reasons, however, can be tax deductible,” says Stacy Champagne of T.A. Ohlms, LLC. “If you are making home improvements to accommodate a chronically ill or disabled person, and the renovations do not add to the overall value of the home, the project costs are typically deductible as medical expenses on Schedule A.  Examples are entrance/exit ramps, widening doorways of hallways, installing railings/support bars and other bathroom modifications, modifying stairways, etc.  Be sure to save your receipts.”  Note: total Medical expenses (on Schedule A) must exceed either 10% of your adjusted gross income (if born 1951 or after – otherwise it’s 7.5%)

10. Missouri-Specific Tax Credit for Homeowners

Champagne also says that for Missouri homeowners, “The Missouri Property Tax Credit Claim is a program that allows certain senior citizens and disabled individuals to apply for a credit based on real estate taxes or rent they have paid for the year.”  Details can be found at http://dor.mo.gov/forms.

How The Boehmer Team Helps at Tax Time

Did you know that The Boehmer Team sends a tax settlement letter to all their clients who bought or sold a home the previous year? We go above and beyond so that you don't have to hunt for your paperwork when tax season comes after a move. Just another reason to use The Boehmer Team.

References:

• Stacy H. Champagne, CPA, Partner at T.A. Ohlms, LLC   4600 Executive Centre Parkway, Suite A, St. Peters, MO 63376  stacy@taohlms.com
• https://www.energystar.gov/about/federal_tax_credits
• https://www.irs.gov/publications/p936/ar02.html 
•  http://www.marketwatch.com/story/10-homeowner-tax-breaks-you-should-be-taking-advantage-of-2015-04-02
• http://www.usatoday.com/story/money/personalfinance/2015/04/04/irs-taxes-homeowner/23938151/
• http://dor.mo.gov/forms