Tax Alert: Big capital gains tax increases are coming. Start your smart tax planning with deconstruction now.

Donate Building Materials  --  July 21, 2021

Deconstruction In a Hot Real Estate Market

Over the last year and a half, many areas of the country have seen some of the most significant jumps in real estate prices in decades. With prices through the roof, is deconstruction a better deal, or is it more profitable to wait till prices dip? While we aren’t real estate experts, we do have some advice on how deconstruction can be beneficial to use in this hot market. 

Tax Benefits Can Off-Set Higher Prices

If you are currently looking to purchase a home, you may be taken aback by the higher prices. However, if homes are older and need extensive renovations or need to be torn down entirely, you can calculate your tax deduction into what you can afford. Deconstruction will allow you to donate the building materials salvaged from a home and utilize a sizeable tax deduction. This gives clients a little bit more wiggle room in their budget. Further, with renovations, you can design your new home just how you want it! 

Renovating Your Current Home

Instead of making a move, many homeowners are opting for a major renovation to make their house feel like new. With major renovations, you can still choose deconstruction. Large rooms containing many appliances, pipes, or lumber, like kitchens, are a perfect opportunity to select deconstruction. If you aren’t sure if a renovation would qualify, give our team a call. We are happy to provide you with some guidance on moving forward. 

Building Professionals Can Benefit, Too

If you are a building professional, you can also benefit by utilizing deconstruction. LEED points are available when you choose to deconstruct rather than demolish. We have built a specific brochure for builders on how you can take advantage of all the benefits deconstruction offers. If you are interested, we would love to hear from you.

Even in a hot real estate market, deconstruction can help provide significant tax savings and assist homeowners, soon-to-be homeowners, and builders! If you are interested in getting started, call 800-870-3965 or contact us online. 

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