5 Color Trends That Will Dominate This Year

With COVID-19 vaccines rolling out and the promise of a not-so-distant future where life is normal again, now seems like the perfect time to bring your place out of the dark ages of decor and into the bright and beautiful light of 2021.  Fixr surveyed 68 of the nation’s top influencers and designers about the year’s top color trends, and we’re sure these exciting new palettes and design schemes will help inspire your next interior styling session. Read more HERE.

9 Industrial Decor Fails

Who doesn’t want to be the hip kid on the block—living in the house with the edgy metal details, stone counters, and distressed everything that screams, “I’m too cool for school”?

But industrial decor looks can quickly veer off the rails; pulling off this design in the home can be tough. Too much steel can make your home feel like the International Space Station, while an overly dark palette just might give you a case of seasonal affective disorder. SAD!

Let there be light—and at least one material that’s not gritty brick! Just make sure not to let these industrial decor disasters cross your threshold.

Read more HERE.

8 Things You Should Never Say to a Contractor

Ready to revamp your kitchen or finally add on that deck you’ve been dreaming about since last winter? Unless you’re going the do-it-yourself route, you’ll need a contractor—one with whom you can have a solid working relationship. You’ll need someone you can rely on, a good communicator who can keep your project on track. You’ll be hashing out specific details and having to make tough decisions together, so hiring someone you feel comfortable with is key. But if you really want to make sure things go smoothly, don’t blurt out everything that comes to mind, and certainly not one of these eight phrases.

Make sure you know what not to say—and how to set up your next home improvement project for success.

Tax Deductions on Home Equity Loans and HELOCs

Do you have a home equity loan or home equity line of credit (HELOC)? Homeowners often tap their home equity for some quick cash, using their property as collateral. But before doing so, you need to understand how this debt will be treated come tax season.

With the 2018 Tax Cuts and Jobs Act, the rules of home equity debt changed dramatically. Here’s what you need to know about home equity loan taxes when you file this year.

Tax Benefits of Owning a Home

You may recall the Tax Cuts and Jobs Act—the most substantial overhaul to the U.S. tax code in more than 30 years—went into effect on Jan. 1, 2018. The result was likely a big change to your taxes, especially the tax perks of homeownership.

Whatever questions you have, look no further than this complete guide to all the tax benefits of owning a home, where we run down all the tax breaks homeowners should be aware of when they file their 2020 taxes in 2021.

Read on to make sure you aren’t missing anything that could save you money!

Did You Skip Mortgage Payments Last Year?

In March, as COVID-19 began to wreak havoc on the job market and caused millions of Americans to lose their jobs as businesses shuttered, federal lawmakers and regulators took the extraordinary step of extending forbearance to mortgage borrowers. Being in forbearance allowed homeowners to pause making their monthly mortgage payments — originally, borrowers could request up to 12 months of forbearance, though that was recently extended to 15 months.

Whether you’re still in forbearance now or resumed making monthly payments at some point in the past year, there could be implications for your taxes, especially if you plan to claim the mortgage interest deduction.

Read more HERE.

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