Remodeling? Consider Recycling The Old Furniture or Building Supplies
ReStore sells donated hard goods, home furnishings and maintenance `materials at a reduced price. This is a good opportunity to get rid of unwanted items for a good cause and receive a donation receipt for tax purposes. Proceeds from the sale of these items will go toward Habitat’s activities to promote safe, decent and affordable housing for low income families. Deborah Laemmerhirt provides our readers with excellent information about why we should consider donating building materials and household furniture. Please stop by her blog with your comments.
Remodeling? Consider Recycling The Old Furniture or Building Supplies. Deborah Laemmerhirt 203-994-4297. www.HomesInConnecticutForSale.com
Remodeling? Consider Recycling The Old Furniture or Building Supplies. If you’re planning a remodel, don’t throw away your washer, bed frame with matching dresser or the tile floor from your bathroom.
Instead, give them to a salvage store like Habitat for Humanity’s ReStore chain or your local salvage yard. You’ll save a few bucks and other homeowners can find your piece and transform it into something unique for their home.
When you donate your home’s used fixtures or other building supplies to a ReStore, (almost every state has one) the profits help fund the local Habitat for Humanity. So you’re not only helping someone remodel their home, but also helping Habitat for Humanity build new homes for low-income families.
You don’t actually have to take your kitchen cabinets to the store, most salvage yards and stores will pick up larger items.
Some salvage stores, like The Loading Dock in Baltimore, partner with deconstruction specialists who will come into your home and remove your old fixtures in a way that helps maintain their functionality.
Donating your home's fixtures to a nonprofit can also net you a tax deduction. As long as you itemize your deductions (rather than taking the standard deduction), you can likely claim your contributions on your federal return.
Get a receipt from the salvage store showing the name of the charity, date of the contribution and a reasonably detailed description of what you donated. If the value of your donations reaches $5,000, seek a qualified appraisal.
Salvage stores are also used heavily when rebuilding older parts of cities. Your contribution helps renew your community. Your old kitchen table and wood floor just aren't working out in your home, but by donating them to a salvage store, you help yourself, other homeowners, your community and the environment all in one trip. There can’t be a better remodeling deal! Remodeling? Consider Recycling The Old Furniture or Building Supplies.
Tax laws and tax rules are constantly being updated and interpreted. This article contains general information, so please discuss your individual situation with a trusted tax adviser before making tax decisions.Renovate and Recycle
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