Expert advice from Bob Vila, the most trusted name in home improvement, home remodeling, home repair, and DIY.
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If your home has single-pane windows, they could be wasting up to 25% of your energy costs. Improve your home’s energy efficiency by replacing single-pane windows with high-performance double-pane Energy Star-rated windows. Look for windows labeled low-emissivity (low-E) or spectrally selective—they have a coating that reduces thermal heat transfer. Select the perfect self-adhesive wallpaper to create an accent that’s easy to apply, remove, and reuse.
Now, suppose you’ve lived in your home as your main residence for at least two out of the last five years. Any profit you make on the sale will be taxed as a long-term capital gain. That means you have a capital gain of $250,000 (the $475,000 sale price minus the $225,000 cost basis). You’re single, so you get the exemption for the $250,000 profit. If you move frequently, maybe it’s not worth …