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Additionally, it is possible to put up the wet areas to keep your parents from falling in the event that they get tripped over. 7. Expanding Your Home You're thinking of expanding but are worried about how much it will cost? It's not a problem. The right and meticulous planning is necessary for every home expansion. Be flexible with your budget and also know your property's boundaries. You should also find dependable contractors. It's not easy to increase your property's value or size. your house. If you're in search of excavation companies, there'll probably be specific guidelines to guide how the procedure takes place. It is easy to have too many things you have to handle in the case of extending your home. Tax deductions do not have to be a part of your concerns. Due to the value of your house, this is one of those tax advantages that can be made. An expansion of your home is one of the projects that should give you a return on investment by improving the value of your home's resales. 8. Certain Renovations to the Exterior and Interior Did you know there are some interior improvements that can be considered part of the tax-deductible house improvements of 2022? You need to know which interior improvements are suitable for tax deductions so that you know which ones qualify. There is no tax credit on blinds or repainting. It is possible to still receive tax benefits if you complete permanent interior design. Tax rules dictate that the improvements you make are classified as a capital investment plan (CIP). This includes major renovations like flooring , built-in appliances and even the floor. There are certain exterior renovations which are eligible for tax credits even though they're not for business purposes. The tax credit can be a portion of compensation if it's necessary to upgrade your roof or shingles. Othe .