With the close of 2015, it’s crunch time for some homeowners. Time to gather, organize, and file receipts for your valuable accountant. As you calmly sit at the kitchen table with your thoughts, you begin to panic — the family is visiting for the holidays — you notice the chipped paint of the crowded counters, then you quickly look to your left, only too see old, outdated cabinets. Eeek! As if this visual isn’t enough, you remember the fridge is malfunctioning and isn’t energy efficient. What are your thoughts now? You guessed it! It’s time for a “kitchen remodeling project”! While at it, why not collect instead of paying this tax season?
For tax purposes, a home improvement includes any work done that substantially adds to the value of your home, increases its useful life, or adapts it to new uses. These include room additions, new bathrooms, decks, fencing, landscaping, wiring upgrades, walkways, driveway, kitchen upgrades, plumbing upgrades, and new roofs.The Residential Energy Efficient Property Credit is a hefty tax credit worth 30 percent of the full cost of renewable energy systems such as solar hot water heaters, solar electric equipment, and wind turbines.
What are the top 5 questions to ask before a remodel?
1. Is my budget realistic?
Be sure to have a realistic budge. Setting an amount you don’t wish to exceed will facilitate planning and design options between you and the selected contractor.
2. What is my expected timeline?
With the holidays upon us, kids out of school, family and friends visiting, will a remodel work with my schedule? Or, will it hinder my ability to enjoy this time of the year? If this works with your lifestyle, and you believe will benefit you, then make the appropriate plans and proceed ahead.
3. Is your contractor licensed, bonded, and insured?
Hiring a licensed contractor offers peace of mind and protections to the property owner, especially regarding residential property. First of all, a contractor can not obtain a state license without possessing a minimum amount of experience, and must pass a business management test. The applicant also may be subjected to a criminal history background check, and must not have any unresolved contracting complaints outstanding. Protect yourself, your home, and mostly your pocket! Would you undergo surgery with an unlicensed surgeon? We didn’t think so! Your chosen contractor should hold their own contractor insurance. What happens if you hire an uninsured contractor and workers hurt themselves on your property? Accidents happen, protect yourself so you don’t find yourself in the midst of a legal battle, countless court appearances, and lawyers trying to dip into your finances.
4. Were your recent jobs similar to my project? If so, can I see images of before and after remodels?
Why not have a clear vision of what is possible? It may give you additional ideas of what the scope of work the contractor can do. For example, some homeowners may feel stuck with original and odd shaped layouts, when in actuality, the hired contractor can customize layouts to fit your lifestyle, resulting with a beautiful and functional kitchen.
5. Who is the main contact person for my project?
How do you identify a good relationship? Yes, communication! Weather personal or business, open communication is the foundation of a successful partnership. Building trust goes both ways, clients must be able to effectively address concerns, expectations, and questions regarding projects, materials, crew members; general contractors have key individuals within the company who are responsible to provide ongoing client support, updates, and progress of their projects.
Please feel free to use the contact form above or call us anytime at 855-899-1799