March 2013 Your Home Newsletter

Protect the Mortgage Interest Deduction

 As we see the economy and housing industry recover we must make sure that tax reform efforts do not adversely affect the accessibility and affordability of home ownership. Now is not the time to do harm to the recovering housing industry by eliminating one of the building blocks of the American Dream – the mortgage interest deduction.  Many states are considering this, as is the federal government.  For example, in Kentucky:

·        71.2%: KY’s homeownership rate. Higher than the national average of 67.4%.

·        1.2 million: Number of Kentucky homeowners.

·        3,105: The number of homes that will not be purchased each year if tax reform efforts do not protect the housing industry.

·        $615 million: Total economic LOSS over 10 years if fewer homes are purchased due to tax reform.


A study conducted by the Center for Business and Economic Research at the University of Kentucky on Kentucky’s tax structure and the effect on housing and the economy found the following:

·        The impact of a repeal of the state mortgage interest deduction (in Kentucky) will raise the cost of purchasing a home by a consumer. It should be noted that this is, in effect, a much larger increase in tax revenues to the state and hence would have a much larger impact on consumers and the real estate market as a whole.

·        Consider, for example, a $150,000 home with a $120,000 mortgage at 6%. The interest paid in the first year will be about $7154. The maximum income tax rate in Kentucky is 6%, hence the annual increase in tax paid by this consumer could be $429. Over the 30 years of the loan, the net present value of the total interest is $90,494. Again, at a 6% income tax rate (the highest tax bracket) the total (life of the mortgage) tax increase is $5429.


Provided by the Kentucky Association of Realtors


Drain Trust

Spring is prime time for house-cleaning and maintenance, which should include careful cleaning of gutters. Although they’re designed to act as a drain and protect your home, they often get clogged with leaves and water. Gutters should be cleaned twice a year. To get started, consider these steps from Lowes.

 First, clean the downspout. Set a ladder on the side of the house where the gutter starts and where most leaves and twigs get trapped. With gloves and a towel, remove the debris and let it fall in a bucket. Move the ladder down the gutter and repeat the process.  Check all gutters for holes, leaks, dents, and other features that may need repairs. If your hangers are loose, tighten them or replace them if they seem damaged. Sagging gutters are an indication that the hangers are too loose.

 After you’ve covered the perimeter and have removed most of the debris, use a garden hose to spray the gutter to rid any remaining debris.


Area Home Sales Statistics for Northern Kentucky and Greater Cincinnati

If you would like more information about sales in your specific community, send me an email at and let me know how I can help you.

 Northern Kentucky


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 Fast Fact

 Indoor and outdoor allergies affect more than 40 million Americans. The most common triggers are tree, 

grass and weed pollen, mold spores, dust mites, cockroach allergens and pet dander.


Common “Scents”

There is a strong connection between smells and human emotions. Given that home buying can be a very emotional process, you’ll want to make sure home looks and smells good to appeal to more buyers. Make sure your home passes the smell test by following these tips from HGTV.

 If there are any foul odors in your home, don’t just cover them up by baking cookies — try to identify the source and focus on eliminating the odors. Old carpets are often the biggest culprit. If you don’t have the time or budget to replace old rugs with new carpet or hardwood floors, wash the carpet with mild detergent soap and water solution, then go over it with a damp towel to neutralize the odor. And open the windows on opposite walls to circulate fresh air.

 After you’ve rid your home of bad scents or if you just want to fill it with more pleasant smells, consider boiling fruit peels, spices or herbs in water. Rather than throwing away lemon or orange peels, boil water and let the peels sit for a few minutes, adding water every half hour or so. You can also mix the peels with other soothing scents. Using oils such as sandalwood, lavender, tea tree and eucalyptus can be therapeutic and inviting.


 Did You Know?

You can make your own window cleaner by mixing equal parts of white vinegar and warm water. The vinegar eliminates window streaks and smudges on glass surfaces.


Tell Your Friends About These Beautiful Homes For Sale!

Come home to Ludlow!  This cozy four bedroom Cape Cod is on a corner, providing plenty of on street parking. This home features a one car garage, fenced backyard and newer HVAC.  In addition to plenty of bedroom space, there is also a formal dining room and a first floor study.  Kitchen appliances, plus washer and dryer included.  Click here for more information, or call me at 859-380-5771.


You will love this move-in ready home in Union.  It is a larger bi-level home with four bedrooms and 3 full baths.  Visit to see the many upgrades, open floor plan in kitchen-dining-living room area, and cathedral ceilings.  The kitchen was remodeled in 2012 with custom cabinets, granite counter, new appliances.    Notice the hardwood flooring, ceiling fans throughout, plantation blinds, garage keyless entry, extra storage above the garage.  Bath was remodeled 2012.  Click here for more information, or call me at 859-380-5771.





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