It is almost Spring time and everyone is itching to get a kick start on their home renovations, but given the current economic situation some of us are hesitant to open up our wallets to dish out those big chunks of change!
The Government is now offering a 15% rebate on all home renovations between January 27, 2009 and February 1st, 2010. While the Government foots the bill for a portion of the renovations, homeowners are certainly more inclined to begin renovations right away.
Always keep in mind that renovations are not just about aesthetics, it is also important to remember that many renovations help you save money in the long run, and help our environment stay cleaner! Some of these products include: low-water consumption toilets, good windows, proper insulation, energy efficient furnaces, and timer-operated temperature controls.
As with all rebate programs there are certain stipulations you must concern yourself with. Don't jump into the renovation project assuming that you'll be covered for all expenses. Do your research and find out exactly what renos are covered and which ones are not. Furniture and accessories are not items that are covered under the rebate program but window replacements, any type of bathroom or kitchen renovations, as well as basement renovations are covered! If you are a "Do It Yourselfer" you can still claim for products, materials and even equipment rentals.
Don't forget to find out if a building permit is required for your renovation. You may disqualify yourself from the rebate if a permit is needed and you don't apply for one. Protect yourself, get a permit, and get your 15% rebate! Spring is almost here, start planning out your new deck, get your building permits and don't forget apply for the Home Renovation Tax Credit! Also, be sure to check out the ecoENERGY Retrofit Grants and Incentives site to find out how you can save even more money by using eco-friendly materials in your renovation.
For more information on buying or selling real estate in Burlington or Oakville, Ontario, or if you have questions about current market trends, mortgages or interest rate information, please visit me again on my website www.seansells.ca or call me at 905-220-9198 and I'd be glad to answer any questions to accommodate all of your real estate needs.