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Home Improvements and Your Taxes
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Home Improvements and Your Taxes

Man and woman homeowners measure wood to cut for their home improvement project.

Certain energy-saving home improvements can yield tax credits at the time you make them.

Home improvements and taxes

When you make a home improvement, such as installing central air conditioning or replacing the roof, you can’t deduct the cost in the year you spend the money. But, if you keep track of those expenses, they can help you reduce your taxes in the year you sell your house.

Improvements versus repairs

Money you spend on your home breaks down into two categories, tax-wise: the cost of improvements versus the cost of repairs.

Capital improvements

You add the cost of capital

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Stettler home improvement program entering final stages of approvals
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Stettler home improvement program entering final stages of approvals

A new program which will allow Stettler residents to make home improvements and pay for the renovations over time on their taxes is another step closer to reality after the May 2 council meeting.

Following a public hearing during the council meeting, where no submissions were received or presented either for or against the proposed programme, the final two readings of the bylaw were read.

The program, overseen by Alberta Municipalities but administered by the municipality, will allow residents of the community to apply to have proposed renovation work done on homes, such as replacing furnaces, windows, or other high-cost

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Using personal loans for home improvement projects
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Using personal loans for home improvement projects

It can

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BBB CONSUMER TIPS: How to make your next home improvement project a success | Local News
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BBB CONSUMER TIPS: How to make your next home improvement project a success | Local News

Do-it-yourself is an attractive way to save money on home improvement projects. Home centers stay busy each spring with people looking to improve their homes and yards.

Whether you are remodeling your home, making needed repairs, or sprucing things up to put your house on the market, the following tips will help make your next home improvement project a success.

• Come up with a budget and stick to it. Home improvement projects can get expensive fast. If you don’t want to break the bank, create a realistic budget to figure out how much you can spend ahead of time.

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15 Easy Home Projects That Will Refresh Your Space in No Time
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15 Easy Home Projects That Will Refresh Your Space in No Time

We all have those lofty dreams and aspirations of how we’re going to spruce up our homes. We want to paint the entire main floor using a whole new palette of colors. We want to swap in more energy-efficient windows and put on a new roof. We want to retile the master bath. We want to add a pool and patio and outdoor kitchen.

So what’s keeping us from tackling these home-improvement projects that we know would bring us such joy? Ah, right: time and money.

But what if you could refresh at least one of the rooms in your

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jeanne mckay watercolors and a giveaway
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jeanne mckay watercolors and a giveaway

Since the beginning of my blogging days, I’ve been fortunate to meet and make friends with some very talented and generous people. I was lucky to start blogging at a time when readers could sign up to follow their preferred blogs and before the days of the big newsletter blasts. There was more of an intimacy to the process, and the blogs were read differently, as our audience popped around to visit each of their favorite blogs each day. This is one of the big things about blogging, the way that it draws people together.

Jeanne McKay

Between women bloggers there has

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Meet HGTV’s Newest Star, Galey Alix of ‘Home in a Heartbeat’
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Meet HGTV’s Newest Star, Galey Alix of ‘Home in a Heartbeat’

HGTV has a new show and design superstar in the making: Galey Alixhost of “Home in a Heartbeat With Galey Alix.”

The schtick? Alix is ​​a Wall Street executive who, due to her day job, completes her renovations in one weekend. She also allows her clients to decide the budget they want to spend.

Given this weekend warrior is calling all the shots with the design without the homeowners’ input, that leaves a lot of room for error. Does she deliver?

In the series premiere, “Dallas Palace,” Alix travels to Boca Raton, FL, to help a married couple Rachel

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Inflation Is Making Home Improvement Projects Less Attainable for American Homeowners
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Inflation Is Making Home Improvement Projects Less Attainable for American Homeowners

Nearly three-quarters of homeowners are finding projects to be more expensive than originally budgeted, causing some to consider their renovation plans

RIVERWOODS, Ill., April 17, 2023–(BUSINESS WIRE)–Discover Home Loans issued a survey to understand how inflation and higher interest rates have impacted American homeowners’ sentiment around investing in their homes versus moving to new homes.

Inflation is significantly impacting homeowners’ desire to undertake home improvement projects, with 59% of survey respondents choosing to postpone their projects and 26% saying they will reduce the scope of their projects in the face of increased costs. That said, there remains strong demand

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