Alan M. Woodhouse's Blog

Posted on 08/15/2021
What Is Step-Up Basis?
Image by Steve Buissinne from Pixabay Suppose you’ve inherited your parents’ longtime home. Suppose they paid $100,000 for it, and it’s now worth $300,000. Had they sold it while it was in their possession, they would have avoided paying capital gains tax due to the Taxpayer Relief Act of 1997. Now that it’s yours, has that tax avoidance...
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Posted on 08/08/2021
3 Major Permit Reminders for Every Property Owner
A great deal of misinformation about obtaining building permits exists that sometimes results in property owners not securing one. An inspector combing through your entire home looking for violations rarely happens in practice. Of course, if the house has been significantly altered over the years without pulling a permit, it’s not unreasonable for a building code enforcement officer...
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Posted on 08/01/2021
Converting a 1031 Investment Into a Home
Photo by Karolina Grabowska from Pexels 1031 exchanges are special transactions in which one investment is effectively “swapped” for another. In real estate, this means selling one investment property for another of “like-kind.” This can be an effective and lucrative strategy because it can allow you to defer certain taxes as long as you abide by specific rules...
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Posted on 07/30/2021
4717 Tennessee Avenue, St Louis, MO 2624 now has a new price of $139,000!
2 Family Brick Exterior 2 story home. Great Investment property. Both units are currently leased Very well maintained inside & out. First floor has 2 bed & 1 bath. Second floor has 2 beds & 1 bath Basement has laundry hook ups. Large fenced backyard, possible offstreet parking. Owner is also selling MLS #21043563 which is a single family investment...
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Posted on 07/30/2021
4114 Louisiana Avenue, St Louis, MO 4206 now has a new price of $80,000!
2 bed/1 bath home with tenant already in place. Great Investment property! Very well kept inside & out. All brick home with off street parking and a 1 car garage. Central location near shopping, dining, and places of worship. Seller is also selling...
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Posted on 07/25/2021
Transitional Bathroom Design
Photo by Андрей Постовой on Unsplash A transitional bathroom is a popular design trend that is a cross between modern and traditional. What are the key features of a transitional bathroom? A combination of two styles: A transitional bathroom can have different meanings to different people. Usually, it is a mixture of a recent era with the current...
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Posted on 07/18/2021
Pros & Cons of Taking Out House-Flipping Loans
Photo by Karolina Grabowska from Pexels The golden rule of house flipping states that entrepreneurs should never pay over 70% of a property’s value after subtracting the cost of renovations and associated fees. Known as the “70 Percent Rule,” it sets a standard for improving the chances of turning a profit even if unexpected financial challenges arise. Few...
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Posted on 07/11/2021
Add Value to Your Home With These Projects
;Photo by La Miko from Pexels When you decide to take on a home improvement project you are likely doing it to increase your own personal enjoyment of your home. Designing a luxury bath that allows you to have a spa-like experience in your own home is well worth the time and energy. However, you also may want...
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Posted on 07/07/2021
412 Westbrook, O'fallon, MO 63366 is now new to the market!
Beautiful 3 bed/2 bath ranch home in quiet and desirable O'Fallon neighborhood. Kitchen boasts all new stainless appliances, fresh paint, and professionally painted cabinets in June 2021 Family room features a large gas fireplace and a 2 sliding doors leading out to the deck and the level backyard. Main floor laundry room leads to the oversized 2 car garage. Fresh paint thru entire inside of home. New carpeting. New garage door and architectural roof in...
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Posted on 07/04/2021
How to Design a Safari Style Bedroom Getaway
The safari style in interior design includes the rich and earthy elements of African design and combines them with the clean comfort of traditional European style. If you’re looking to try out this design style in your own home, the bedroom is the best place to start. Here we’ll go over some ideas to create a beautiful and...
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Posted on 06/27/2021
7 Mistakes to Avoid When Building a New Home
You did it—you decided you want to build a new home. While you may be ecstatic about this new adventure, there are some things to keep in mind. To save the most money and prevent any complications with this big decision, avoid these 7 common mistakes: HVAC Although it may sound like a surprise, your HVAC system is...
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Posted on 06/26/2021
7419 Tennessee Avenue, St Louis, MO 63111 is now new to the market!
2 Family Brick Exterior 2 story home. Great Investment property. Both units are currently leased Very well maintained inside & out. First floor has 1 bed & 1 bath. Second floor has 2 beds & 1 bath Basement has laundry hook ups. Large fenced backyard, possible offstreet...
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