360renos: Renovator's council chair favours renewing Reno Tax Credit

How to make your home stand out when selling

We can help your house sell quickly and at a good price -- even in a slow market.

It takes a lot more than sparkling windows, scented candles and chocolate-chip cookies to sell a home in today's market.

Improvements should be made so that the property shows well, is consistent with the neighborhood and does not involve capital investments.

Beyond any doubt, the best investment you can make is new paint. Painting can make a room or an exterior façade look brand-new, and totally transform the look and feel of a room or the entire residence. It is always wise to be somewhat restrained when choosing colors for a home-staging paint project. Avoid choosing colors that are too individual or flashy and favor neutral colors and schemes. This does not mean painting everything white, however.

Use subtle color schemes to accentuate the home's strengths and minimize weaknesses. Dark colors, for example, tend to make a room feel smaller, while lighter colors and pastels can make a room feel bigger.

There is another benefit to painting as well: the process of preparing the interior or exterior surfaces of a home for painting automatically allows us to go over the entire area receiving paint in great detail, and this can often expose items or areas requiring repair. It seems you always discover where the caulking has let go, where the wall is dinged.

It is always preferable that we discover and deal with these items before the real estate agent (or worse, the prospective buyer) points them out to you!

Dave - 360renos

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Tuesday, March 29, 2011

Renovator's council chair favours renewing Reno Tax Credit

The proposed resumption of the Home Renovation Tax Credit was big news lost in the uproar that followed the unveiling of the Conservative Party's 2011 budget, but we are likely to hear a lot more about it.

The old program had been very successful, managing a rare marriage of stimulating an economy while promoting more earth-friendly ideals.

The Canadian Revenue Agency said more than three million Canadians -almost a third of the owner-occupied housing market -took advantage of the program, each saving an average of $700. Added to the 2011 budget ostensibly at the request of the New Democratic Party, the tax credit is a good bet to reappear when a federal budget is finally approved.
The chairman of the Canadian Renovator's Council, Mike Martin, was happy to hear it may be continued. "From what I've been hearing it's a great program. I am very happy they were going to extend it," he said.

In addition to chairing both the Canadian council and the Ontario Renovator's Council, Martin runs Luxury Renovations, an award-winning Ottawa-based company.
While the renovation program had been accused of not helping lower-class households or being too complicated, Martin said the program held no surprises.

"You have to go about it the right way, you have to follow all the guidelines to a tee."
Martin said there was benefit to making small changes as well as large ones.
The program would allow for up to 15 per cent of the cost of renovations to be claimed, to a maximum of $1,350, against a homeowner's taxes.

While the gain for the taxpayer is evident, Martin says the inherent structure of the program will provide a boost to the renovation industry.

"The best part about it is they have to show receipts from the contractor and that deters the underground economy," he said.

The council estimates 75 per cent of home renovations are done under the table, a fact he attributes to the implementation of the HST. "The underground economy is devastating our industry."

From the Ottawa Citizen

Dave Bennett
Owner 360renos
phone 613.429.5000
mobile 613.282.2124
email dbennett@360renos.ca
www.360renos.ca

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Which Paint Is It - Latex or Oil?

Determining, definitively, whether a given paint was oil or latex has always been a bit of a problem, but an important one as you can paint oil over latex, but not latex over oil unless you use a special 'super adherent primer' first.

I used to recommend taking a bit of paint thinner on a clean contrasting colour cloth and wiping hard. If any colour comes off, it is oil based paint. If nothing happens, it is latex. But that didn't always work. Sometimes if the paint was very old, nothing at all came off.

Now a product has come out that reverses those rules. These swabs have acetone in them and they have no affect on oil based paints, but do take off latex. If the surface is stripped, it is Latex paint. If it just cleans or polishes the surface, it is Oil/Alkyd paint. Instead of the special swabs you could just use acetone and a contrasting coloured rag, if the paint colour shows up on the rag, it is latex. Acetone will do nothing to oil based paints. Old fingernail polish removers were made with acetone, and many still are -- look for a bottle that does not say 'without acetone'. You should test it first on a surface that you know is latex paint to be sure you have acetone in your liquid.

By the way, if you really want to paint latex over oil -- you can do it if you sand off the gloss and apply a "super adherent latex primer" first. Then you can continue with ordinary latex paint!

Dave - www.360renos.ca