-(NC)
Renovations like a new roof, upgrading electrical wiring and bathroom remodels are eligible expenditures and qualify for the Home Renovation Tax Credit.
The Home Renovation Tax Credit (HRTC) is available for the 2009 tax year. It is a temporary, non-refundable tax credit. Here are a few things you should know about the HRTC as well as information about
what renovations qualify and how much you can claim:
· The tax credit is 15% of eligible expenditures over $1,000 and up to $10,000 on home renovations made in respect of eligible buildings.
· The maximum tax credit amount is $1,350 per family ($9,000 x 15%).
· The tax credit will apply for costs incurred after January 27, 2009 and before February 1, 2010.
· Costs related to an agreement entered into before January 28, 2009 are not eligible for the credit.
· Costs incurred will be claimed on the 2009 tax return, including the January 2010 costs.
· The HRTC will not be reduced by any other tax credits or grants to which a taxpayer is entitled, for the same expenditures, under other government programs. For example, if an eligible expenditure also qualifies for the medical expense tax credit (METC), both the METC and the HRTC can be claimed.
· For purposes of sharing the HRTC, a family consists of an individual, and where applicable, their spouse or common-law partner, and children under 18.
· Each family is subject to the maximum tax credit of $1,350, based on eligible expenditures.
· If one family member is unable to utilize the entire credit, the unused portion may be claimed by one or more of the other family members.
· If two or more families share ownership of an eligible dwelling, each of those families will be eligible for their own credit up to $1,350, based on eligible expenditures.
Eligible dwellings
· An eligible dwelling is a dwelling which qualifies as the individual's principal residence at any time during the period January 28, 2009 to January 31, 2010 inclusive, and includes the land that forms part of the dwelling.
· A housing unit qualifies as a principal residence if it is owned by the individual and ordinarily inhabited by the individual, the individual's spouse or common-law partner, or their children. This could include a cottage or vacation home.
· For condos and co-op housing, costs will be eligible for the credit if they are incurred to renovate the individual's principal residence "unit", and a share of the cost in respect of common areas may also be claimed.
· Where a portion of a principal residence is rented out, the credit can be claimed only for expenditures made in respect of the personal-use areas of the home.
· Where costs are incurred for common-areas of a partly-rented home, such as a roof, the credit will apply only to the portion allocated as personal use.
Eligible expenditures
· Expenditures must be supported by receipts, which will not have to be submitted with the tax return, but must be available if requested by Canada Revenue Agency (CRA).
· Expenditures will qualify if the renovation or alteration of the eligible dwelling is of an enduring nature, and is integral to, or built into, the dwelling.
Examples of eligible expenditures:
· re-shingling a roof
· interior or exterior painting
· kitchen, bathroom, or basement renovations
· replacing windows or doors
· new furnace or water heater
· resurfacing a driveway
· laying new sod
· upgrading wiring
· upgrading insulation
Expenditures are not eligible if they are for repairs and maintenance which are usually performed on an annual or more frequent basis.
· Expenditures for appliances (e.g. fridge, stove) and audio-visual electronics are not eligible.
· Financing costs are not eligible.
Other examples of non-eligible expenditures:
· furniture and draperies
· purchase of tools or other construction equipment
· carpet cleaning
· house cleaning
· maintenance contracts for furnace cleaning, snow removal, lawn care, etc.
An air conditioner which is a portable plug-in type (an air conditioning unit which is built into the home heating or ventilation system would be eligible).
For more information visit www.cra-arc.gc.ca.
courtesy of: News Canada
Visit www.LisaTollis.ca For More Information about Real Estate & Listings.
Lisa Tollis SRES.
Sales Representative
Seniors Real Estate Specialist
Royal LePage State Realty, Brokerage.
Hamilton Ontario
Office: 905 574 4600
Toll Free: 1 877 574 4601
www.LisaTollis.ca
The Hamilton-Burlington area resale market reported a total of 1,369 units sold in July, indicating an increase of 10.6 per cent over the same month last year. The total unit sales for the first seven months of 2009 are being reported at 7.4 per cent lower for the same period last year, while new units listed are 8.3 per cent lower for the year-to-date, according to Multiple Listing Service® (MLS®) statistics released by the REALTORS® Association of Hamilton-Burlington (RAHB).
"The summer market has continued with the strength seen in the spring," said Bruce King, RAHB President. "July marked the second month where sales and average price were up, year over year. Consumers continue to see value and opportunity in the greater Hamilton-Burlington area."
Residential properties sold during July totalled 1,318 which included 1,060 freehold properties and 258 condominiums. Commercial sales for July, including industrial, farm, vacant land and business, totalled 51 units.
The average price of freehold residential properties sold in the month of July was $311,945, an increase of 3.3 per cent over July last year. The average sale price reflects the dollar volume of residential sales divided by the number of total residential units sold.
In the condominium market the average price of condominiums in July was $233,509, an increase of 6.4 per cent over July 2008.
The total number of units listed for sale during July was 1,764, which is 0.7 per cent fewer than were listed in the same period in 2008.
"With inventory low, and the number of new listings easing, buyers may have to be patient," added King. "Market trends differ between cities, and among areas and housing types within a city. For local market expertise and information, buyers and sellers should use the professional services provided by a REALTOR®."
Unit sales reflect "all property types" including residential, condominiums, commercial property, farmland and sale of businesses.
courtesy of: REALTORS® Association of Hamilton-Burlington
Visit www.LisaTollis.ca for more information about Real Estate & Listings In Ancaster-Hamilton-Burlington-Stoney Creek & Surrounding Areas.
Lisa Tollis SRES.
Sales Representative
Seniors Real Estate Specialist
Royal LePage State Realty, Brokerage.
Hamilton Ontario
905 574 4600
1 877 574 4601
www.LisaTollis.ca
Ok, you're in the market to purchase a home.
August & September are couple of the BEST Months to List & Purchase a Home!
Some want into their New Homes Before or During the Start of the New School Year.
Next step is that you'll want to go to a bunch of open houses or have your realtor set up appointments to view homes for sale.
You pull up to the curb and there it is - the home of your dreams.
Calm down.
Take a deep breath and start again. The hardest thing to do when looking for a home is to remain objective. It is easy to fall in love with a home's appearance, but it's very important to look beyond the window dressing.
The following not only helps Buyers, It also helps Sellers to get there home ready before they list it on the market.
Here are some things to consider when looking at a home:
General upkeep
First appearances do count. Is the home dirty and cluttered? Are the lawns uncut? Are the walls chipped and in need of paint? If the owner hasn't bothered to keep the house looking clean and attractive, what problems are lurking below the surface?
Water leaks
Water can do a lot of damage to a home. It rots wood, undermines foundations, and leads to mould and mildew. Reshingling a house, or repairing a cracked foundation to stop water leaks, can be extremely expensive.
It takes an expert eye to find most water leaks (which is why we recommend you have a house inspected before you buy). If you spot stains, bulges and other signs of water damage on ceilings or walls, make special note that there could be a problem.
Appliances and fixtures
Test the lights, faucets, toilets, furnace, air conditioning, and all major appliances that are to be included with the home. Make sure everything is working as it should.
Floors
Floors should be smooth, even, and solid. Soft springy sections, excessive squeaking, and unevenness are all indications that expensive repairs may be needed.
Doors and windows
Check that doors and windows fit snugly and operate smoothly. Look for flaked paint and loose caulking. Check for drafts.
Drainage
Walk around the yard looking for areas where water might collect. Soggy areas near the foundation indicate poor drainage.
Grout and Caulking
If the grout and caulking around bathroom and kitchen tiles are loose and crumbling, there is a good chance water is finding its way into the wall or under the floor.
Structural
Look for deep cracks in the foundations or loose mortar and bricks.
Furnishings
If you are not planning to replace all of your furniture (and not many people are), make sure it will fit into the rooms of the new house. Be sure to bring a measuring tape. Rooms can be deceptive.
Storage space
Make sure your new house has enough storage space for all your belongings. And that means more than just your clothes. Think of all the things that need to find a home - tools, gardening equipment, old toys, sports equipment, and all those wedding presents that are still in their original boxes. Check the size of the closets, the attic, the basement, and the garage. Rule of thumb: there's never enough storage space.
Inspection
You should take a long hard look at a house before you put in an offer to protect yourself from disappointment down the road. But, nothing can replace the expert opinion of a qualified home inspector. Inspectors can spot problems that the average person would never find and they can usually advise you on how much it will cost to make the repairs. A home inspection can help you determine whether or not you are going to make an offer on a house, and if you decide to go ahead, just how much that offer is going to be.
If you require more Information on Buying or Selling a Home, Please Do Not Hesitate to Call Me
Lisa Tollis SRES
Sales Representative
Seniors Real Estate Specialist
Royal LePage State Realty, Brokerage.
Hamilton Ontario 905 574-4600 24hr pager
Toll Free: 1 877 574-4601
Visit www.LisaTollis.ca For more Listings & Helpful Information on Real Estate.
Open House in Huntington Park Area, Hamilton East Mountain on Sunday Aug. 23, 2009 2-4pm
Nice Bungalow In Huntington Park Area, Hamilton East Mountain - I want to invite everyone to visit my open house at 160 BRENTWOOD DRIVE on August 23 from 2:00 PM to 4:00 PM.
Visit www.LisaTollis.ca For More Information About Real Estate & Listings In Hamilton Ontario and Area.
Lisa Tollis SRES.
Sales Representative
Seniors Real Estate Specialist
Royal LePage State Realty, Brokerage.
Hamilton Ontario
905 574 4600
Toll Free: 1 877 574 4601 www.LisaTollis.ca
OPEN HOUSE ON WEST HAMILTON MOUNTAIN
YOU'RE GONNA LOVE THIS HOUSE!!!
Hamilton West Mountain, Hamilton - We invite everyone to visit our open house at 46 MILANO Court on Sunday February 10 from 2:00 PM to 4:00 PM.
Call Lisa Tollis if you would like to view this home before the Openhouse.
Lisa Tollis
Sales Representative
Seniors Real Estate Specialist
Royal LePage State Realty, Brokerage
Hamilton Ontario 905 574-4600 24hr pager
Toll Free: 1 877 574-7441
Visit www.LisaTollis.ca
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Helping my clients achieve their Real Estate needs with Professionalism, Honesty, Communication, Integrity and most of all, CARE! Look to me for all of your real estate needs."The Realtor On The Move"
As a professional Realtor, my services go above and beyond creating ads, showing properties and doing the paper work. I will do my utmost to represent your best interests. First and foremost, this means that I will listen to you carefully. I will work closely with you to ensure that as many of your needs and wants are met or exceeded as possible.
You can count on me to negotiate the best possible price for your home in a timely manner. If you are selling a home, I will present it in the best possible light. I will manage all aspects of the transaction process, and do my best to make it smooth and stress-free.
The most important thing when choosing a real estate professional is to find someone you can trust. I have a history of success and integrity in real estate that you can depend on. I am an experienced negotiator with expert knowledge of the local market. You can count on me to always work with your interests in mind, and to represent you and your wishes to the best of my ability.
If you own real estate that you're thinking of selling, I would be happy to provide you with a FREE Home Evaluation.
Whether you are buying or selling a home, hire someone like me, who wants to earn your business. I invite you to contact me as I'd be happy to assist you with this important transaction.
In addition, if you have any general questions about buying or selling real estate in Ontario, please contact me as I'm more than willing to help.
Buy or sell with confidence
When you're buying or selling a home, finding the right agent is half the battle.To ensure a good experience, you need to work with a professional who knows the area well and can help you negotiate the best possible price.
First-class service and a worry-free move
Thinking of selling? I will effectively market your home, and work around the clock to help you sell it quickly and profitably. Looking to buy? I'll help you find your dream home - and keep your budget and preferences in mind.I can help you:
Business Areas: Ancaster, Beamsville, Binbrook, Brantford, Caledonia, Cambridge, Carlisle, Carluke, Cayuga, Copetown, Dundas, Dunnville, Fisherville, Flamborough, Fonthill, Freelton, Glanbrook Township, Grassie, Grimsby, Hagersville, Haldimand, Halton Hills, Hamilton, Hamilton - Dundurn Park, Hamilton - McMaster University Area, Jarvis, Jerseyville, Jordan Station, Lake Erie, Lincoln, Mount Hope, Mountain, Nanticoke, Oakville, Pelham, Puslinch, Selkirk, Seneca, Smithville, St. George, Stoney Creek, Vineland, Wainfleet, Waterdown, Welland, Winona
Please browse through my website for listings, reports and important local real estate information. If you wish to discuss any real estate matters in person, please feel free to call me at 905-574-4600 and I would be happy to set up a meeting to speak with you.
See What My Clients Have Said About My Real Estate Services. Go to http://www.Ancasterhouses.com/ and click the Testimonials Button.
Thanks For Stopping By,
Lisa
Oh! By the way, I Love Referrals !
" The Realtor On The Move "
" List with Lisa "
Many good homes are sold before they are ever advertised. Beat other home buyers to the hottest new homes for sale in Hamilton-Burlington-Waterdown-Ancaster-Hamilton Mountain-Flamborough-Grimsby-Dundas-Stoney Creek-Glanbrook-Caledonia and surrounding areas, with my VIP Hot New MLS Listings Notification. It's Easy! Just E-mail me your criteria and I will set you up to receive Hot New MLS Listings automatically via e-mail that match your criteria. Once you receive them, pick out the ones you like, call me and I will set up appointments to view them with you. It's That Simple!
Be a V.I.P Buyer Here is your chance to become a VIP Buyer and Beat Other Buyers to Hot New Listings. You will be notified of all Hot New Listings in Hamilton | Burlington | Ancaster, Ontario and ALL the surrounding areas that meet your criteria, absolutely FREE! without any obligation.
First Impressions
Remember what first attracted you to your house when you bought it? What excited you about its most appealing features? Now that you're selling your home, you'll need to look at it as if you were buying it all over again.
A spruced up house makes a great first impression on potential buyers. An attractive property grabs their attention and makes them excited about finding a house that looks and feels well-cared for. Because buyers know they'll encounter fewer problems if they buy it, your house becomes more appealing and stands out from the competition. So if you prepare your home correctly, you'll save time selling it when it's on the market.
A good first impression makes an impact on a number of levels. It's not just the way your house looks to potential buyers, but how it feels and smells to them, how their friends and family will react, how they imagine it would be to live there.
With simple improvements throughout your house, you can grab the attention of potential buyers and help them see why your house is right for them.
Open Houses MLS Listings Hamilton Ontario Ancaster Ontario Burlington Ontario Stoney Creek Ontario
If you Live in the Hamilton | Ancaster | Burlington | Dundas | Stoney Creek | Grimsby | Binbrook | Glanbrook | Waterdown | Flamborough | Caledonia and surrounding areas and require assistance with your real estate needs, Call me Today! And I will help you with the process and explain all the steps along the way.
Looking for a better Experience in Home Buying and Home Selling?
Check out the New Interactive Videos On Home Buying and Home Selling by Royal LePage TV.
In these Videos you will learn how to prepare yourself before you Buy or Sell your next Home.
My goal is to make the process of buying, selling, or owning a home efficient, enjoyable and rewarding for you.
See what my clients have said about my real estate services...
Lisa,
We would like to take this opportunity to say thank you for a job well done. You have proven to us that you are indeed a great Sales Representative, one who is trustworthy, tremendously patient and respectful of your clients. We would not hesitate to recommend your services to our friends and families. We are certain that we will be asking for your service in the future.
Once Again, Thank You for helping us in finding such a beautiful home, one we will enjoy for years to come.
Nadene and Sonia
Lisa,
We would like to thank you for helping us find out first home. You were
always kind and very helpful. You found ways to accommodate us and you were
readily available. You made our home buying experience very enjoyable.
Thank-you again,
Evelina and Mike
Lisa,
"We cannot thank you enough for all of your hard work, patience and time spent with us in finding our dream home. When we first met you at an open house and we began talking with you, we knew through your kindness and professionalism that you would help us find the home we were looking for. You made our search very enjoyable and our purchase very easy! You were always there when we called you and you helped us through every step. So again, we thank you Lisa for all you've done to make our dream come true. You will always be welcome in our home! We will highly recommend you without hesitation to anyone in search of a great realtor! "
Yours truly Darlene, Dean & Family
_______________________________________________________________
"I heartily recommend Lisa Tollis without hesitation. Buying my first home could have been a very stressful endeavour. However, Lisa made it stress free. She listened to what I wanted and not once did she waste my time with properties that did not meet my criteria. Lisa was never pushy and always offered constructive advice. At all times she was pleasant, confident and professional. "
" I recommend anyone looking to buy or sell a house contact Lisa Tollis for their real estate needs. "
" I sure am glad I did! "
Wil Sweeney
________________________________________________________________
Lisa,
"I want to thank you for all the time and effort you put into helping us find a house. The first day I called you I had called a few other agents and you were the only one that could take the time to follow up. We could not have done this with out you. "
"This house means more to us than you can Imagine. Thank you Lisa."
Cheyanne
________________________________________________________________
"Lisa was great in helping us find a home."
"As we were looking, she would notice things good and bad that I didn't see. I appreciate that she didn't use hard selling techniques with us and took the time to show us as many homes as we wanted to see."
Thanks Lisa!
Ann & Steve
________________________________________________________________
"Thank You Lisa"
"Buying our first home has been a Learning Experience to say the least and Lisa you have been fantastic. From the day we first spoke to you, you have given us all the information and resourses needed to make informed decisions at every stage of this process.
You have been extremely patient, very well organized and readily available to view properties and help us in anyway."
"Thank you again for all your time and effort."
Yours truly,
Mike & Cheyanne Jackson
___________________________________________________
Lisa,
"On behalf of our family, we would like to express our heart felt gratitude and appreciation for your efforts in helping us find our home. Your overwhelming sense of going above and beyond to meet our needs will never be forgotten.
You have left a definite impression on our family."
Thank you again... Rod and Tonya Compton
___________________________________________________
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