Sherry Lopes, Melissa Arruda Alferes Realty, Inc - New Bedford,Fairhaven,Acushnet,Dartmouth,Freetown


Many buyers are searching for a home with an attached garage. It helps to keep cars out of the sun, rain, and snow. An attached garage allows you to walk directly from your vehicle into your home without worry. 


Garages used to be detached. These structures offered many benefits to homeowners that seem to be forgotten. As cars became more popular and larger, families began to own two cars at their properties. When this became common, so too di the attached garage.  


While an attached garage is seen as a luxury and often a necessity, the good points a detached garage have shouldn’t be overlooked. 


Attached garages can be converted into living spaces. This affords you as a homeowner much more room without the need to move. Homeowners can then build a detached garage for storage or the placement of a vehicle. 


Other Advantages To Detached Garages


A detached garage adds character to a home. Many buyers complain of tired suburban architecture, where the garage often becomes somewhat of a focal point for the front of the home. Detached garages can be more pleasing to look at.


You’ll also have a bit more wiggle room as to how you design your home. If you build a detached garage, it can be placed at an angle on the property. The garage can also be hidden in the backyard, or designed to look like a smaller version of the larger house. A path can even be built through the yard to the garage to bring a design to the entire yard. 


Another advantage to a detached garage is that toxic fumes from your vehicle won’t get into the house. Homes with detached garages can often receive green points for environmentally friendly building practices. There’s also less of a risk posed to you and your family for things like carbon monoxide poisoning. You can’t leave a vehicle running very long in an attached garage without that risk.   


A detached garage also affords the possibility of adding living space above the garage. It can be a great play space for kids or a game room for adults. You can even build a home office in the upstairs portion of the garage. The area will indeed be quiet if placed strategically. If the attached garage is new construction, you can run wild with it. The design is up to you and the possibilities are truly endless. 


While many buyers search for a home with an attached garage, detached garages can have many pros and allow great flexibility to you as a homeowner.           


This Single-Family in New Bedford, MA recently sold for $265,000. This Colonial style home was sold by Team Lopes - Arruda - Alferes Realty, Inc.


54 Campbell Street, New Bedford, MA 02740

Single-Family

$269,000
Price
$265,000
Sale Price

11
Rooms
4
Beds
2/1
Full/Half Baths
4 bedroom 2.5 bath Victorian close to Common Park. This home has been featured on the historical Christmas walk. Newer roof, furnace and hot water tank, fully insulated. Stunning woodwork, pocket doors, African slate kitchen floor, ornate fireplaces are throughout this beautiful home. $269,000 (R202)

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This Single-Family in Fairhaven, MA recently sold for $337,000. This Cape style home was sold by Team Lopes - Arruda - Alferes Realty, Inc.


12 Ridgecrest Avenue, Fairhaven, MA 02719

Single-Family

$349,500
Price
$337,000
Sale Price

6
Rooms
3
Beds
1/1
Full/Half Baths
Fairhaven Cape-Cod style home in desirable location . The 1st floor features include charming front to back livingroom w/fireplace, diningroom with french doors to oversized decks, hardwood floors , half bath, den/office ,family room and eat -in kitchen. The second floor includes spacious front to back master w/plenty of closet space, full bath and 2 additional bedrooms. Property has a new roof, 2 new garage doors, a basketball court, generator hook-up, shed and large back yard. Close to restaurants, shopping, highway and recreation areas. This property is a must see. $349,500 (R195)

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You have probably been claiming the standard deduction on your taxes up until the time you bought a home. Now that you’re a homeowner, you may want to start itemizing your deductions. Your property investment will help you to start saving money in a new way. There are many different kinds of tax breaks that are available to you. Here’s the breakdown of some of the best deductions:  


Mortgage Interest Deductions


Many times, the biggest tax break comes from deducting mortgage interest. As a homeowner, you’re able to deduct interest on up to $1 million worth of debt that was used to purchase or make improvements to your home. Each January, your lender will send you what’s called a form 1098. This lists the mortgage interest that you paid during the previous year. The form should include the amount of interest that you paid from the date you closed on the home through the end of year. 


Real Estate Tax Deductions


You’re able to deduct the local property taxes that you pay each year from your April tax forms as well. If you pay your property taxes through an escrow account, you’ll receive a statement from your lender. If you happen to pay your taxes directly, however, you’ll need to keep good records. You may have also reimbursed the seller for taxes that were paid on the home in the year you purchased it. This can be be included on your real estate tax deduction form. Payments into your escrow account cannot be deducted, as these are just set aside for future tax payments. 


Mortgage Insurance Premiums Can Be Deducted 


If you make a down payment that’s less than 20% of the home purchase price, you may have to pay monthly premiums for mortgage insurance. This is an extra fee that protects the lender if the borrower defaults on the loan. The good news is that these premiums are tax deductible. 


Home Improvement Projects May Be Deductible


You should save your receipts for all of the home improvements that you make throughout the year. This can be anything from windows to landscaping to new energy efficient heating systems. While you may not be able to make these deductions right away, if you make a large profit when you sell your home, the IRS could tax you. You’ll want these deductions available to you if this happens to save money.   


Energy Saving Homes Get Deductions Too 


Any energy saving home improvements that you make can give you an additional tax break. You can earn tax credits worth up to $500. Tax credits are more valuable than deductions since credits actually reduce your tax bill dollar-for-dollar. Other improvements work on a percentage-credit based on the cost of the improvements and the type of project that was done.        


This Single-Family in New Bedford, MA recently sold for $230,500. This Cottage style home was sold by Team Lopes - Arruda - Alferes Realty, Inc.


1173 Pleasant Street, New Bedford, MA 02740

Single-Family

$219,000
Price
$230,500
Sale Price

9
Rooms
4
Beds
1/1
Full/Half Baths
Convenient New Bedford location with waterviews from upstairs windows. Oversized cottage includes 4 bedrooms, 1 1/2 baths with 2,500 sq. ft. of living space. Recent roof, freshly painted, low maintenance exteriors and fenced yard make this a must see property. Bonus is whaling cupola that has cozy sitting area and panoramic harbor views. Priced to sell at $219,000 (R218)

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