Owning a home can be an empowering feeling and is certainly a major step towards financial independence and retirement. But it’s important to consider all the expenses of owning a home, not just the mortgage itself. For example, your heating costs will increase, or maybe at some point you may need to renovate your house,…
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Category Archives: Renovations
Less is More: Cheap Home Upgrades that Offer a Big Payoff
There are plenty of reasons to upgrade your home. You may want to replace ugly or outdated cosmetic features, design a space that better suits your needs, or simply add to the value of your home. Whatever the reasoning, you couldn’t pick a better time than right now to start. While you may be concerned…
How To Improve Your Home Security
While home insurance can help protect you from the financial loss of a home break in and theft, the best way to protect your family and possessions is to have your house properly secured and set up to be a deterrent to thieves. Your first line of defense is to have looks that are not…
Two Weeks Left For The Home Renovation Tax Credit (HRTC)
Were you thinking of doing some home renovations sometime this year but haven’t decided when to do them? There are two weeks remaining to qualify for the Home Renovation Tax Credit. While this may not be enough time to get a contractor in to finish a job before January 31st, it is still a great…
Rona and Home Depot Provide Further Incentive to Renovate
The federal government introduced the Home Renovation Tax Credit as an incentive to Canadians to start renovation projects as a means of providing economic stimulus. Spending the maximum of $10,000 on materials and labour would make you eligible for the full tax credit of $1,350. Rona has recently started a program called RONAdvantage. With this…
ecoENERGY Retrofit
A month ago I wrote about borrowing for the Home Renovation Tax Credit (HRTC). There is one further step you can take that would pay that loan off even faster, qualifying for and receiving an ecoENERGY Retrofit grant. Home owners can qualify for a ecoENERGY Retrofit grant of up to $5,000 by making their homes…
Borrowing for the Home Renovation Tax Credit (HRTC)
Most people are saying that they wouldn’t borrow money for renovations to make the February 1, 2010 deadline for the Home Renovation Tax Credit (HRTC). The more I look at it, the more it might make sense if you can afford the extra monthly payment and can pay it off within about 6 years. The HRTC…
