There are only a few weeks left for the Home Renovation Tax Credit. This program is scheduled to end Feb 01, 2k10 and does not appear slated for renewal. You are eligible to a rebate maximum of $1350 on an expenditure of $10,000 spent on a home improvement.
Go and shop for the materials that you will need for the HRTC and have the work actually done at a later date. Take that additional rebate that is being offered from Vendors and Trades people during this period to commit. Tango Kitchens and Bath Fitters both has special programs. Larger Big box retailers are also offering their own additional 10% savings IE Rona and Home Depot. IKEA has joined the frey with their own get an extra 10% as rebate cards on additional purchases at their stores. They focus their advertising on procrastinators? Is it working?
What is Included in HRTC? Click here
Original HRTC Blog with News Release Click here
What benefit does this have for you?
- Improved desire and saleability of your home.
- Investment in your largest asset
- Enhancement of your home to better your lifestyle.
- Improves your equity ( your house is worth more!)
- Cook and Head of the household can finally get her dream kitchen.
While we are betting that this program will be extended, I have not heard rumblings anywhere of more press releases indicating this consideration. Given that legislators are on vacation [proroguing] (I think that sounds like a couple of old Ukrainian women making pirogies) I doubt that the extension is imminent.
If you have heard something drop me a line. If you have already fixed it up and are ready to place it on the market my team and I would be pleased to meet with you. Have a New look at what we can do for you.