Did you know you can use
What is an Improvement Exchange?
This is a powerful tool because the value of the improvements is counted toward your exchange. So for example, if you sell a $100,000 property and buy an $80,000 property in your exchange, you can spend $20,000 on improvements, for a total acquisition cost of $100,000 to complete the exchange!
These are simplified explanations and there are potential pitfalls to look out for. Please contact our Improvement Exchange Department by phone at 866-944-1031 or schedule a consultation with us for a comprehensive recommendation for your particular situation.
Each dollar spent is
Fees for improvement exchanges are $5000 *, so unless your improvements are more than $30,000, where taxes would be $10,000, paying the additional fee does not make sense. You can also improve property you CURRENTLY OWN. But please call or schedule a consultation to ask about the details.