Water Damage – Covered or Not?

Posted Posted in real estate

A number of things can cause water damage to a home and it’s important to know whether they’re covered by your insurance policy. Some water damage may be covered and other may not be. Generally, you need an incident to invoke coverage rather than something gradual due to lack of maintenance. However, some incidents are […]

Second Homes Treated Differently

Posted Posted in Annapolis, MD real estate, Anne Arundel County real estate, Chesapeake Bay area real estate, homebuyers, Homes for Sale, Maryland real estate, Maryland's Eastern Shore real estate, mortgages, Queen Anne's County real estate, real estate, Talbot County real estate

While a principal residence and a second home have some similar benefits, they have some major differences. A principal residence is the primary home where you live and a second home is used for personal enjoyment while limiting possible rental activity to a maximum of 14 days per year. The Mortgage Interest Deduction allows a […]

Gift or Inherit

Posted Posted in Annapolis, MD real estate, Anne Arundel County real estate, Chesapeake Bay area real estate, Maryland real estate, Maryland's Eastern Shore real estate, Queen Anne's County real estate, real estate, Talbot County real estate

Transferring the title of a home from one person to another may seem simple but it could have a significant tax implication. When a person inherits property, the basis is “stepped-up” to fair market value at the time of the decedent’s death. On the other hand, a gift has a carry-over basis which means that […]

Protect Yourself

Posted Posted in Annapolis, MD real estate, Anne Arundel County real estate, Chesapeake Bay area real estate, Maryland real estate, Maryland's Eastern Shore real estate, Queen Anne's County real estate, real estate, Talbot County real estate

Home is a place you should feel safe and secure. Sometimes, we take it for granted and unfortunately, we do need to remain vigilant about things we do that could compromise our well-being. Here are a few tips you might want to consider. Everyone loves an inviting home including burglars. Make sure it looks occupied […]

Save Money…be comfortable

Posted Posted in Annapolis, MD real estate, Anne Arundel County real estate, Chesapeake Bay area real estate, Maryland real estate, Maryland's Eastern Shore real estate, Queen Anne's County real estate, real estate, Talbot County real estate

Automatic thermostats can lower your monthly utility costs while conveniently regulating your comfort by adjusting temperatures on your heating and cooling systems. These can be particularly effective in homes with zoned systems where you live in one area during the day but sleep in a different zone. There are programmable thermostats available at home improvement […]