Here, I take you into the less glamorous but essential world of real estate taxation. I share my guidelines for paying the right amount, making the most of suitable tax provisions, and planning ahead for taxes. No jargon, just real experience and useful information to help you manage your property without getting lost.
ByLionel
Hello, it’s Lionel. No: building small does not automatically reduce your tax bill; it may limit certain amounts, but the type of project and local rules matter just as much. A smaller floor area can reduce the basis for certain local taxes, without eliminating the development tax or the steps you need to take. To…
ByLionel
Hi, it’s Lionel. The often-overlooked cost that can weigh on you for a long time is the extra fees and taxes to budget for before, during, and after construction. To stay in control, calculate them separately from the work and check the reporting requirements from the outset. A low quote isn’t enough to measure the…