Home Renovation

 

This interesting article can benefit many people looking to save money renovating homes at a time when its most needed!

“Material prices are falling, making renovations more affordable than ever. Overall, experts say, you can expect to save at least 10 percent on the cost of a renovation and possibly more, depending on where you live and the project you choose. And if prices on many remodeling materials continue to decline as projected, the cost of home improvements should fall further.”

“New tax credits

Another benefit of renovating this year is the more generous federal tax credit for home upgrades offered through the tax stimulus package.

Tax credits for energy-efficiency improvements are available at 30 percent of the cost — up to $1,500 in 2009 and 2010 (for existing homes only).

Those new credits are tripled from past years and count toward:

» Windows and doors.

» Insulation.

» Roofs (metal and asphalt).

» Heating and air conditioning.

» Water heaters (nonsolar).

» Biomass stoves.”

 

Tax cuts should be given to us not just for renovating homes, but for other everyday

Click here for the full article.

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