Tax credits available for some home improvements

Everyone’s looking for a little incentive to take on construction projects in this economy, which is one reason that we’re pleased to now be an official Energy Star construction partner.  Check out their list of partners here.

For consumers, the good news is that you can get a credit of up to $1500 off energy efficient home improvements made during 2009-2010. Check out this link for more details: http://www.energystar.gov/index.cfm?c=products.pr_tax_credits

We’re particularly fond of credits for swamp coolers, which work nearly as well as air conditioners in Colorado’s dry climate, are much easier on the environment and allow you to still know that it’s summer (as opposed to putting on sweaters when you come inside on a 90 degree day!).

And, for consumers considering a kitchen remodel this credit might just give the needed incentive to re-do the kitchen and replace those appliances with some efficient Energy Star models.

Remodeling return on investment

There are lots of articles floating around on the web about which remodeling projects provide the best ROI for your dollars.

We think that many of these are helpful, but that you should first evaluate if you’re remodeling solely for re-sale or if you’re remodeling to make your current home more liveable for you. The latter is a lot more common these days, as we all decide to ride out the housing market and stay in our homes until values rise.

We’ve included some links below to remodeling ROI articles, but here’s our summary:

-Top ranked remodel projects for ROI are: Siding, new Windows, Kitchens, Bathrooms (esp. if your home only has 1 bathroom or if you have a floor of the house without a bathroom) and Decks.

-Most remodeling projects do not pay off 100% immediately, but you can usually get a complete return or make money off your remodel, within a few years.

ROI remodeling series from About.com

Reliable Remodeler article on ROI

Lowe’s Repair and Restoration ROI

While these are great figures to know, it’s also important that you gain some value and enjoyment from your remodel. If you love entertaining outdoors, a deck is going to have a greater ROI for you over a few years, because you’ll have enjoyment plus increased home value when you sell. If you need a quiet place to read, adding a front porch will benefit you more than a larger kitchen. Bottom line: Choose a remodeling project for both long term resale benefits and short term enjoyment benefits.

Constructive Builders can complete all types of remodeling projects: from completely new kitchens and baths, to additions, pop-tops, decks, siding and more.