Tag Archives: Portland houses for sale

How the new tax law affects home equity debt

If you’re considering getting a home equity loan or home equity line of credit (HELOC), make sure you understand how the tax rules have changed.

First of all, it’s important to clarify that acquisition debt is when money borrowed against your home is used to buy, build or improve a primary or secondary home. Home equity debt is when the money is used for something other than your home, such as paying student loans or funding a business.

Under previous tax laws, taxpayers could deduct interest on home equity debt – no matter what the money was used for – as long as the total mortgage debt was below $1 million, according to Realtor.com®.

The Tax Cuts and Jobs Act suspends this deduction unless the loan is used to “buy, build or substantially improve” a home, according to the IRS. Acquisition debt is still tax deductible, but the total debt limit was lowered from $1 million to $750,000.

Keep receipts from your home improvement projects and consult a tax professional to help you navigate your specific situation.

Five Star award Winner 2011-2018 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, CSA-Certified Staging Agent, Oregon First, Washington First

Direct 503.380.9634, Email- rachel@rachelsheller.com

View ALL available Houses on the market on my website.

Licensed in the State of Oregon and Washington

My business is referral based.
If you’ve enjoyed my service, please refer me!

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How to pull off a neutral room

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How to pull off a neutral room

A neutral decorating scheme can create a beautiful, serene space. Neutrals are also flexible, making it easy to swap out pieces as you feel inspired. Consider these design tips to make the most of neutrals in any room.

Add warm hues. Wood accents are a great way to add warmth and keep a neutral room from feeling cold or sterile. Try displaying wood cutting boards or adding a natural wood shelf in the kitchen. Crate&Barrel designers suggest using a walnut mid-century bench as a coffee table to bring a unique element to your living space.

Choose contrasting textures. Layering tactile and visual textures is key to making a neutral room interesting, says Houzz.com. Plush rugs, exposed brick, concrete walls, faux-fur throw pillows, and textured artwork can add interest and depth to any room.

Lead the eye. Hang an abstract painting in soft neutrals to draw the eye upward, says Crate&Barrel. You could also consider adding a pop of color through a tall plant or an accent pillow with a bold pattern.

Use metal accents. Metals pop against a neutral backdrop. Choose metal light fixtures and drawer pulls, or display metallic kitchen utensils. ElleDecor.com predicts that copper and rose gold are fading out for 2019, so consider more natural-looking metals such as polished nickel and antique brass.

Five Star award Winner 2011-2018 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, CSA-Certified Staging Agent, Oregon First, Washington First

Direct 503.380.9634, Email- rachel@rachelsheller.com

View ALL available Houses on the market on my website.

Licensed in the State of Oregon and Washington

My business is referral based.
If you’ve enjoyed my service, please refer me!

5 Places to use patterns and 2 places to avoid them

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Some people love them, some people hate them. But there’s always room for a little pattern in your home’s interior décor.

Use patterns

Towels and napkins
Small bits of fun prints can add character to a plain kitchen. Dish towels and cloth napkins are easy to switch out, making it simple to change colors in your kitchen. Don’t be afraid to try floral, stripe or geometric designs and rotate them regularly.

Outdoor furniture cushions
While your patio furniture should be sturdy and timeless, the cushions and pillows can be anything you like. Change them with the season or just because chartreuse is your new favorite color. Bold floral prints and bright colors work well outside.

Throw pillows
Throw pillows can take a living area from “blah” to “wow!” Pair pillows touting small prints with solid pillow partners. If you’re feeling extra edgy, a texture like fur or denim can add another dimension to your living room.

Kitchen backsplash
The backsplash can transform a kitchen. Try a bright, hammered copper or glass tiles to bring light and energy into the space. Have fun with this change by choosing a unique material that can be the room’s focal point.

Curtains
Curtains are a prime place to incorporate large, bold prints. Complement busy patterns in curtains with solid-color accessories in the same shades to avoid making the space look too busy.

Avoid patterns

All four walls
Too much of a print can make a room feel cluttered. Try accenting one wall with a bold pattern, because a room full of prints can be hard to look at and even harder to update.

Couches
A patterned couch is usually best left on the showroom floor. As an investment piece, couches should be more neutral than trendy. Most prints go out of style within two to three years, so don’t let the appeal of your couch expire that quickly.

Five Star award recipient 2011-2018 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES,            MASTERS CIRCLE, Diversity Specialist, HOWNW, CSA-Certified Staging Agent, Earth Advantage Broker, Oregon First, Realtors

Direct 503.380.9634

Email-    homesforyou@frontier.com

View ALL available houses on my website!

Licensed in the State of Oregon

***I’M ALWAYS HAPPY TO HELP YOU AND YOUR REFERRALS***

SOLD!! FABULOUS FIXER ON .39 ACRES-3 separate tax lots-Perfect location

photo216207 SE Grand st. Damascus, OR

Opportunity knocks! This is a perfect candidate for a REHAB loan! Fiver on 3 parcels of land that equal .39 Acres.  3 bedroom home with BIG 2 car garage with shop area & 220, Covered RV parking, Enormous fully fenced yard. house is plumbed for gas dryer and stove. This fabulous fixer is just waiting for you and your tool belt! Check with the county to see if you can build additional homes on one of the tax lots. Wonderful location! RMLS# 17303999

Five Star award recipient 2011-2017 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, MASTERS CIRCLE, Diversity Specialist, HOWNW, CSA-Certified Staging Agent, Oregon First, Realtors

Direct 503.380.9634, Email- homesforyou@frontier.com

See this home and ALL available listings at my website!

Licensed in the State of Oregon

***I’M NEVER TOO BUSY FOR YOU AND YOUR REFERRALS***

Thank you so much for the testimonial, Nick!

“We don’t have enough nice things to say about Rachel!! She truly went above and beyond and helped us find the perfect home in no time. She walked us through every step and was always available to answer questions we had. Buying a house isn’t always an easy process but Rachel made it feel like a breeze. Without Rachel we would not of been able to buy our first home. Rachel is the absolute best in the business!!” -Nick Woods

I am so appreciative of all my amazing clients, especially you Nick Woods! I can’t tell you how proud I am of you as a young millennial buying your first home! I feel like I am the lucky one getting to help you. Congratulations!

Five Star award recipient 2011-2017 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, MASTERS CIRCLE, Diversity Specialist, HOWNW, CSA-Certified Staging Agent, Oregon First, Realtors

Direct 503.380.9634, Email- homesforyou@frontier.com

See ALL available homes at my website!

Licensed in the State of Oregon

***I’M NEVER TOO BUSY FOR YOU AND YOUR REFERRALS***