finances

How You Can Save Money and Stay Cooler with Energy-Efficient Landscaping

July 5th, 2011  |  Published in finances, green, landscaping

by Ryan Boots

iStock 000012223507XSmall How You Can Save Money and Stay Cooler with Energy Efficient Landscaping

Every spring, homeowners far and wide break out the shovels and rakes to do some landscaping.  But far too many homeowners don’t think about how they can strategically implement their landscaping to not just beautify their homes, but save money on electricity bills in the process. Here are some things to keep in mind when you are putting in those bushes and trees.

Using Plants to Lower Temperatures

When people think about using their landscaping to keep cooler, obviously the first place they generally go is using plants – usually trees – for shade.  But one other way plants can help keep their surroundings cooler is through evapotranspiration, which is the process by which a plant moves and gives off water vapor. This process can lower surrounding air temperatures by up to 9 degrees. And because the resulting cooler air directly around the plant settles near the ground, temperatures directly under trees can be as much as 25 degrees cooler.
If you’re planning to plant trees for improved shading of your home, you need to consider the following:

  • Regional climate. Homes in areas with hotter summers can obviously use the extra shade during the summer months. But if you are subject to cold winters, the extra tree shade can actually backfire on you, since you’ll end up needing to run your furnace more to stay warm.
  • Shading needs. If you need continuous shade, go with evergreen trees and shrubs since they’ll provide a good year-round canopy. If you only want to block solar heat during the summer months, go with a deciduous tree that will let the winter sun through when you need it. Also bear in mind the height of the tree’s crowns (leaves and branches) – this will obviously make a substantial difference in the level of shade the tree will provide.
  • Location of trees. This is arguably the most important decision to make for planting trees for extra shade.
    • For summertime roof shading, plant trees with high, wide crowns to the south of your home. However, if you need some solar heat during those cold winters, only plant deciduous trees so you’ll get some sunlight when you need it.
    • If you’re trying to block the lower angles of the sun in the afternoon, plant trees with lower crowns to the west of your home.
    • While you’re trying to protect your home, try to shade your air conditioning unit while you’re at it. All too often the A/C equipment is abandoned to get nice and toasty in the sun. Properly shade that air conditioning unit and you can increase its efficiency by an additional 10 percent.
  • Other Energy-Efficient Landscaping Ideas

    As mentioned above, the natural behavior of plants helps cool the air and ground in their direct vicinity.  As a result, there are several ways to utilize smaller plants to also keep your home cooler in the summer.

    • Plant shrubs close to your home to shade the windows and walls.  They’ll establish themselves and start providing shade faster than trees.
    • Use shrubs and ground cover to shade the ground and pavement around your home.
    • Build a trellis and plant climbing vines.  They tend to be fairly low-maintenance and they grow fast, meaning that with the right size you could shade an entire wall of your home within a year or so.

    Obviously, there are other things you can do to lower your electricity bill, such as finding a cheaper electricity company.  But to lower your energy consumption, proper landscaping can make a difference.

    Coming up in part two: Using landscaping to stay warm over the winter.

    favicon How You Can Save Money and Stay Cooler with Energy Efficient Landscaping

Eco Audit update in your future?

June 7th, 2010  |  Published in DIY, basement, finances, green, heating and cooling

by Robert Wright

You may be aware of the eco-audit or energy savings programs run by the province and the federal governments. You may have heard that the federal government has cut these programs for budget reasons.

I think that was short sighted.

New homes built today are much more energy efficient than even homes built 10 years ago. This is one of the reasons the Canadian Housing industry was able to meet Kyoto targets – one of the very few industries to do so.  With most of our housing stock – up to 50% – built between the 1960’s and 1980’s; there are a lot of homes requiring energy updates.  Many things in a home require replacement over the years.  Why not encourage these replacements to be more energy efficient and environmentally friendly?

The eco audit program requires that you have a pre renovation or repair inspection and then followed by a post renovation inspection. You could also “double dip” in the programs until you receive maximum rebate value. That means you could spread the work over time as your budget allows.

Many homeowners believe the most cost effective eco updates are the windows and HVAC equipment. They are not — it is usually the insulation and the air sealing updates. A handy home owner can complete some of these updates themselves with a caulking gun and some spray foam. Recently, I have been surprised at the number of 1960’s and 70’s basements that I’ve seen that are unfinished and uninsulated. I have finished basements in these types of homes in the past, and the home owner has seen the heating bills drop by 25% to 30%. It is amazing the heat loss that happens through the basement.

I have also done exterior renovations where the client could tell where the work was done – without leaving the home. They could feel the comfort level increase in adjoining rooms as we did the work! In addition, they went from two smaller a/c units running on high to one unit on low to cool the home.

You can still receive the provincial rebates. However, the cut off date for the federal rebates has passed – they did not give very much warning. I understand that if you have a file number and unused rebates, you may still be able to claim additional federal rebates to top up your rebates. You can call NRC at 1-877-953-5454 to confirm if you can extend your federal rebates.

So while the rebates may not be as lucrative as before, there are still savings to be had, which will only get better as time goes on. It still pays you to be green

About the Author

Rob Wright has grown up around construction and in the mid 1990’s, Rob joined and took over Citadel Renovations in Ottawa. Rob has presented seminars at the local home shows on various renovations subjects and is a contributor to the Home Renovation Guide. Rob has been active in the Greater Ottawa Home Builders Association for many years and previously served as the Renovation Council Chair. For more information, visit CitadelRenovations.com.

Looking for a local contractor? Visit the Home Renovation Guide’s Complete Directory or Get a Free Quote.

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Easier Home Maintainence

February 16th, 2010  |  Published in air quality, finances, green, heating and cooling, remodeling, renovating, repair

by Robert Wright

heating and cooling 21 Easier Home Maintainence

There are many, many products, services and gadgets that can make the running and maintaining of your home easier. However, many of these are expensive, complicated, and may not live up to the billing.

The best “stuff” is usually comparatively inexpensive and easy to install when your home is being built or renovated.

Some of this stuff could also be the thought process that goes into your home’s design and/or selection of materials. It can also be the care taken during the installation.

If you install wood exterior trim, it is inexpensive to install and paint, but it can become an annual painting chore.  When this maintenance is neglected, then you have to replace it at a cost.

If a pre-painted metal and/or a “plastic” material is selected, it may be more expensive to supply and install, but you no longer have to paint it on a regular basis.  In addition, it will outlast the wood. This is why most homes today have metal soffits and fascia, PVC windows and door brick moulds.

Another example is your roof.  If you select a basic 25yr 3 tab asphalt shingle for your home it will work. However metal, stone, or composite roofing will last 2, 3 or more times longer than the asphalt roofing. In addition, these types will resist weather, vegetation, and wildlife damage to a greater degree. The metal and composite roofing will also be recyclable when replaced instead of being buried in a landfill site.

The heating and air conditioning equipment installed in your home can also make your life easier and less expensive. Many of the HVAC and HRV installations today are of the least expensive products and materials, and use the easiest installation method or route for the installer. This results in a home that has heat and a/c but is still uncomfortable due to drafts, cold and hot spots, and inaccessible maintenance points. With a little more thought, you can have equipment and an installation that will last longer, run cheaper, and make you more comfortable.

Today, many trades rely on caulking to keep your home warm and dry. The problem with caulking is that it will fail — there’s no if. The vast majority of leaks and drafts are a result of failed caulking. These failures are usually the result of an incorrect installation method or the incorrect caulking was used in the location. If the various parts of your home are assembled correctly, caulking isn’t actually necessary in most places that it is still being used in today. Besides, who wants to climb a ladder to caulk a gap at the window and brick joint on the second floor?

So where do these problems come from? Some of them come from the desire to keep the construction budget low when building. There are smarter places to save money than others; this should be discussed fully with your contractor.  Another one is the designer of the building.  jan102 01 Easier Home Maintainence Many, but not all designers are more concerned with the “look” of the project instead of what would perform better and suit the owner. The designer may also be unaware of some of the potential maintenance problems some selections can create. The contractor would know these issues, as he has had to deal with the warranty or repair issue in the past.

Only a couple of examples are discussed here, but most parts of your home will have similar trade offs and choices. You should understand the cause and affects of any decisions you make when building, renovating, or repairing your home. An added benefit of this process is that you are contributing to a greener environment, a greener wallet, and a smaller carbon footprint.

About the Author

Rob Wright has grown up around construction and in the mid 1990’s, Rob joined and took over Citadel Renovations in Ottawa. Rob has presented seminars at the local home shows on various renovations subjects and is a contributor to the Home Renovation Guide. Rob has been active in the Greater Ottawa Home Builders Association for many years and previously served as the Renovation Council Chair. For more information, visit CitadelRenovations.com.

Looking for a local contractor? Visit the Home Renovation Guide’s Complete Directory or Get a Free Quote.

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Lennox Unveils Solar Powered Home Energy System

January 22nd, 2010  |  Published in finances, green, heating and cooling

by Guest

sunsource home energy system illustration Lennox Unveils Solar Powered Home Energy System

Lennox Industries, a leading provider of customized home heating, cooling and indoor air quality products,  introduced the patent pending SunSource™ Home Energy System – a new solar-powered central heating and cooling system that reduces overall household electricity consumption without the costs associated with traditional solar installations – at the International Builder’s Show in Las Vegas this week.

The new SunSource Home Energy System not only harnesses solar energy from the sun to reduce the electricity consumed by a residential heat pump or air conditioner, but also is able to use that solar power to operate other devices in the home that consume electricity, such as lighting and appliances, when the heating and cooling system is not running. In addition, if the SunSource system generates more power than is used by the home, that power will be sent back to the utility company, which may entitle the homeowner to a credit on their utility bill.

sunsource communications system1 Lennox Unveils Solar Powered Home Energy SystemAccording to the U.S. Department of Energy, the typical U.S. household pays $2,200 a year on utility bills, and the bulk of those energy costs – between 50 and 60 percent – comes from heating and cooling the home.

The SunSource Home Energy System is composed of:

• A solar-ready, high efficiency Lennox air conditioner or heat pump that has been specially enhanced to serve as the platform for this new home energy system.

• A Lennox solar subpanel that provides the connection between utility- interactive solar power system and the HVAC unit.

• One to 15 roof-mounted solar modules that harness clean, sustainable energy from the sun and use it to run the home’s central heating and cooling system as well as other appliances – the more modules, the more homeowners can reduce their utility costs.

• A communications system that allows homeowners to monitor each solar module’s operation and energy production online, as well as other environmental benefits such as the amount of carbon offset.

sunsource home energy system Lennox Unveils Solar Powered Home Energy SystemEnergy Savings and Tax Credits Equal Real Cost Savings for Homeowners

As an example, a consumer who lives in a typical 2,000-square-foot home in Corpus Christi, Texas, can reduce the electricity usage associated with heating and cooling his or her home by approximately 12 percent annually by installing a Lennox high-efficiency air conditioner(1) with two solar modules and by 86 percent by installing the air conditioner with 15 modules. In Tulsa, Okla., the homeowner would see around a 25 percent reduction in air conditioner electricity usage with two solar modules, and about a 180 percent reduction (meaning more energy production than air conditioner consumption) with 15 modules. The savings increase even more in sunnier areas of the country.

In addition to the costs savings and incentives offered by many local utility companies for using high-efficiency heating and cooling equipment and/or renewable energy sources, the new SunSource system makes homeowners eligible for federal and some state solar tax credits. In fact, these benefits, when combined, can cover up to 94 percent of the cost of the solar modules, including installation(2).

The new Lennox SunSource Home Energy System will be available with several products from the Dave Lennox Signature® Collection, which is the company’s line of premium heating and cooling products, offering the quietest, most efficient operation and a premier level of performance. The Lennox SunSource Home Energy System may be paired with Dave Lennox Signature Collection air conditioners and heat pumps beginning in May 2010.

About Lennox Industries

Lennox Industries is a leading provider of customized home heating, cooling and indoor air quality products that are designed to deliver customized comfort, efficiency and functionality, with the most innovative and reliable features available. Lennox is also the first heating and air conditioning manufacturer to harness solar energy for central heating and cooling – and beyond. The U.S. Environmental Protection Agency and the Department of Energy have selected Lennox as an ENERGY STAR Manufacturer of the Year four out of six years for its outstanding contribution to developing and promoting energy-efficient products. For more information about Lennox home comfort products, visit www.Lennox.com or call 1-800-9-LENNOX.

# # #

(1) Energy savings calculations are based on a Lennox XC21-036 air conditioner, which has a 20 SEER (seasonal energy efficiency rating).

(2) Depends on local and state incentives in homeowner’s area. Typical incentives range between 30 percent and 94 percent of the cost of the solar modules, including installation.

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The Homeowner’s Guide to Managing A Renovation

July 17th, 2009  |  Published in finances, renovating, repair

book cover The Homeowners Guide to Managing A Renovation

The Homeowner’s Guide to Managing A Renovation, Tough-As-Nails Tactics for Getting the Most from Your Money by Susan E. Solakian

Who: “Solakian has spent much of her career in construction project management. She teaches informational/marketing seminars for designers and craftsmen, as well as a Complete Remodeling Master Class for homeowners.”

What: A comprehensive guidebook on how to manage your own home remodeling projects, with step by step advice on how to find a contractor, useful glossary, helpful charts (like how long things last – wow, high grade ceramic tile kitchen counters can last a lifetime vrs your granite that will last for 20 + years), with plenty of before and after photos.

When: Perfect for the initiated and research stage

Why: Geared somewhat towards the female home owner (statistically more women are the driving force behind home improvement) with fun segments like how to throw an design/idea party.

How: Retails for $19.95 US, find it online at sites like Amazon.com

favicon The Homeowners Guide to Managing A Renovation

Home Renovation Tax Credit (HRTC) Fact Sheet

June 8th, 2009  |  Published in finances, remodeling, renovating, repair, tax credit

To download the fact sheet in PDF, please click the link. home-renovation-tax-credit-credit-d’impot-pour-la-renov-dom

hrtc Home Renovation Tax Credit (HRTC) Fact Sheet

favicon Home Renovation Tax Credit (HRTC) Fact Sheet

Home Renovation Tax Credit 2009

April 29th, 2009  |  Published in DIY, air quality, basement, bathroom, bedroom, decor, finances, flooring, green, heating and cooling, kitchen, lighting, maintanence, outdoor, painting, plumbing, remodeling, renovating, repair, tax credit, walls, windows

We were recently contacted with further information to provide homeowners with facts about the 2009 Home Renovation Tax Credit. Great timing since there have been many interesting questions about what projects, materials, or labour are applicable for this credit.

sico paints house Home Renovation Tax Credit 2009

Image provided by Sico Paints

To view the webpages, visit:   http://www.cra-arc.gc.ca/hrtc/

Below, is the FAQ page content, which hopefully will answer some of your questions about how you can benefit from this tax credit.

Here is the link of the page: http://www.cra-arc.gc.ca/gncy/bdgt/2009/fqhmrnvtn-eng.html

FAQS

1. What is the Home Renovation Tax Credit (HRTC)?

The proposed HRTC is a non-refundable tax credit for work performed or goods acquired in respect of an eligible dwelling.

2. What is meant by eligible dwelling?

An eligible dwelling is a housing unit that is eligible to be an individual’s principal residence or that of one or more of their family members, at any time between January 27, 2009 and February 1, 2010. In general, a housing unit is considered eligible to be an individual’s principal residence where it is owned by the individual and ordinarily inhabited by the individual, the individual’s spouse or common-law partner, or their children. This means that any dwelling that you own and use personally could qualify, including your home or your cottage.

3. What is the eligibility period?

The credit will be based on eligible expenditures for work performed or goods acquired after January 27, 2009, and before February 1, 2010. Expenditures incurred pursuant to an agreement that was entered into before January 28, 2009, will not be eligible for the credit.

4. Who will be eligible for the credit?

Eligibility for the HRTC will be family based. A family will generally be considered to consist of an individual or an individual and his or her spouse or common-law partner, including children who will be under 18 years of age, at the end of 2009. A family will be allowed a single credit that may be shared within the family.

If two or more families share the ownership of an eligible dwelling, each family will be eligible for their own separate credit (i.e. each up to $1,350) that will be calculated on their respective eligible expenditures.

5. How will the credit be calculated?

The credit will only be available for the 2009 tax year and applies to eligible expenditures of more than $1,000, but not more than $10,000, resulting in a maximum credit of $1,350 ($9,000 x 15%).

6. What are eligible expenditures?

To be eligible, expenditures incurred in relation to a renovation or alteration to an eligible dwelling (or the land that forms part of the eligible dwelling) must be of an enduring nature and integral to the dwelling, and includes the cost of labour and professional services, building materials, fixtures, rentals, and permits.

Eligible expenditures must be supported by acceptable documentation.

7. What does the CRA consider to be acceptable documentation?

Documentation, such as agreements, invoices, and receipts, must clearly identify the type and quantity of goods purchased or services provided, including, but not limited to, the following information:

  • information that clearly identifies the vendor/contractor, their business address and, if applicable, the GST/HST registration number;
  • a description of the goods and the date when the goods were purchased;
  • The date when the goods were delivered (keep your delivery slip as proof) and/or when the work or services were performed;
  • A description of the work performed including the address where the work was performed;
  • the amount of the invoice; and
  • proof of payment.  Receipts or invoices must indicate paid in full or be accompanied by other proof of payment, such as a credit card slip or cancelled cheque.

Please consult our Underground Economy Web page, for tips to protect yourself when hiring a contractor.

To verify whether someone is registered for GST/HST, please consult the GST/HST Registry.

8. If I own both a house and a cottage and incur eligible expenditures for both, are both sets of expenditures eligible for the HRTC?

If you own and use your home and cottage personally, eligible expenditures incurred for both properties will normally qualify for the HRTC. Please note that the maximum amount of eligible expenditures you can claim in respect of the HRTC is $10,000 per family.

9. I am planning to replace my windows in 2009: can I hire my brother-in-law to help me out and still be eligible?

It depends. Expenditures will not be eligible if the related goods or services are provided by a person not dealing at arm’s length with the individual, unless that person is registered for the Goods and Services Tax/Harmonized Sales Tax under the Excise Tax Act. So, in your case, if your brother-in-law is registered for GST/HST and if all other conditions are met, the expenditure will be eligible for the credit.

10. Will expenditures for the common areas of condominiums and co-operative housing corporations qualify for the credit?

In the case of condominiums and co-operative housing corporations, the individual’s share of the cost of eligible expenditures for common areas will qualify.

11. I rent out my basement. If I renovate the basement for my tenant, will I be allowed to claim the credit?

No. Individuals who earn business or rental income from part of their principal residence will be allowed to claim the credit only for expenditures made for the personal-use areas of the residence.

For expenditures made for common areas or that benefit the housing unit as a whole (such as re-shingling a roof), you must divide the expense between personal use and income-earning use. For further information, please consult the Business and Professional Income Guide or the Rental Income Guide, as applicable.

12. If an eligible expenditure also qualifies for the Medical Expense Tax Credit (METC), will I be allowed to claim both the HRTC and METC?

Yes. Where an eligible expenditure qualifies for the METC the individual will be permitted to claim both the METC and the HRTC for that expenditure.

13. Will the credit be reduced by other government grants or credits that I may receive for the same expenditures?

No. Eligible expenditures will not be reduced by other government tax credits or grants that the individual may be entitled to.

14. Does work performed by electricians, plumbers, carpenters, architects, etc. qualify?

Generally, work performed by electricians, plumbers, carpenters, architects, etc. in respect of an eligible expenditure will qualify. See below for examples of eligible expenditures. If you’re planning on hiring a contractor to do construction, renovation, or repair work on your home, the Get it in Writing! Web site has information that will help you.

15. Could you provide me with some examples of eligible and ineligible expenditures?

Yes, some examples are:

Eligible Ineligible
  • Renovating a kitchen, bathroom or basement
  • New carpet or hardwood floors
  • Building an addition, garage, deck, garden/storage shed, fence
  • Re-shingling a roof
  • A new furnace, woodstove, boiler, fireplace, water softener or water heater
  • A new driveway or resurfacing a driveway
  • Painting of interior or exterior of a house
  • Window coverings directly attached to the window frame and whose removal would alter the nature of the dwelling
  • Laying new sod
  • Swimming Pools (Permanent – in ground and above ground)
  • Fixtures – lights, fans, etc.
  • Associated costs such as permits, professional services, equipment rentals and incidental expenses.
  • Furniture, appliances, and audio and visual electronics
  • Purchasing of tools
  • Cleaning carpets
  • House cleaning
  • Maintenance contracts (e.g. furnace cleaning, snow removal, lawn care, and pool cleaning)
  • Financing costs

16. What types of expenditures will not qualify?

The following expenditures will not be eligible for the HRTC:

  • the cost of routine repairs and maintenance normally performed on an annual or more frequent basis;
  • expenditures that are not integral to the dwelling, and other indirect expenditures that retain a value independent of the renovation;
  • expenditures for appliances and audio-visual electronics; and
  • financing costs.

17. Do I have to submit any supporting documents with my income tax return?

No. However, you must ensure that this information is available, should it be requested by the CRA.

18. How will I claim the HRTC?

A new line will be incorporated in the 2009 personal income tax return to allow you to claim the credit.

19. Where can I get more information about this new tax credit?

Additional information will be posted on the CRA’s Web site as it becomes available. In the meantime, please see the Department of Finance’s Budget 2009 documents for details.

20. The Budget also mentions the ecoENERGY Retrofit – Homes grant. What is it and how can I obtain more information?

The ecoENERGY Retrofit – Homes grant is administered by Natural Resources Canada. The grant applies to a host of measures that reduce energy consumption and provide for a cleaner environment. Home and property owners could be eligible for federal grants of up to $5,000 to offset the cost of making energy efficiency improvements to their home or property. Most provinces and territories have complementary programs that offer additional financial assistance based on the results of the ecoENERGY Retrofit evaluation. For information on how you can qualify, please consult the ecoACTION Web site.

An online pamphlet will soon be available.

Planning on some home improvements? What project ideas do you have that fits in the $1000-$10,000 range? Does the HRTC give you the incentive to renovate this year?

favicon Home Renovation Tax Credit 2009

Home Renovation Tax Credit Information

February 19th, 2009  |  Published in basement, bathroom, bedroom, contractor selection, electrical wiring, finances, flooring, heating and cooling, kitchen, maintanence, outdoor, painting, plumbing, remodeling, renovating, repair, tax credit

Many people have been wondering about the home renovation tax credit and just what exactly it entails.  Information is now available on the Canadian government website, including a pamplet with further details.

fincan 728x90 e Home Renovation Tax Credit Information

Below is a break down of the main points of interest:

What is the time frame during which the credit can be applied?

“…after January 27, 2009 and before February 1, 2010, pursuant to agreements entered into after January 27, 2009.”

For work completed and some necessarily obtained goods!  This credit is for new renovations and ongoing improvements on the residential structure itself, as well as the land it sits on.

What exactly can I get back?

It’s a 15%  credit which can be claimed on an amount which is more than $1000 and under $10,000. The maximum credit that you can obtain is $1350.

What Dwellings are eligible?

* houses

* cottages

* condo units

(must be inhabited or used by the owner)

What Types of expenses can be considered?

* projects (ie: finishing your basement or re-doing the kitchen)

* “associated expenses” (permits, rentals, labour, etc.)

Who is eligible to claim it?

“Taxpayers can claim the HRTC when filing their 2009 tax return…. Family members will be able to share the credit.”

Examples of items and work that CANNOT be claimed

* new furniture and appliance or tools purchases

* cleaning services

* maintenance services

More information to come:

Canada Revenue Agency’s website

Department of Finance website

Contact:

    Department of Finance Canada
    Distribution Centre
    Room P-135, West Tower
    300 Laurier Avenue West
    Ottawa, Ontario K1A 0G5
    Phone: 613-995-2855
    Fax: 613-996-0518

    Service Canada
    1-800 O-Canada (1-800-622-6232)
    1-800-926-9105 (TTY)

    E-mail: services-distribution@fin.gc.ca

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5 Keys to a Successful Home Renovation

February 13th, 2009  |  Published in basement, bathroom, bedroom, contractor selection, finances, remodeling, renovating

Written by: Guest

hard hat 300x199 5 Keys to a Successful Home Renovation

Home renovation can be a stressful undertaking. It is wise to deliberate carefully about renovations. All disputes over the renovation plan must be settled before the work begins or you are just postponing an inevitable (and probably heated) argument. Everyone in the family should have a voice in this undertaking, as it truly is a family affair.

The following list could have had three, eight or even 20 entries, but if you stick with the basics and exercise self-control, the following five keys can help guide you to, and through, a successful home renovation.

1. Good relationships mean good business – A home renovation will be a lot less stressful if you have a solid, trusting relationship with your contractor. Trust doesn’t arise between people instantly, but there are ways to speed the process, such as “third-party trust,” meaning referrals. If you don’t already know and respect a builder in your area, ask the people you trust about the contractors that they trust. Get referrals, and interview the prospects to get at least somewhat of a “feel” for them. Get referrals, check credentials, trust your instincts – and call references. Nothing builds trust in a contractor like good, positive reports from previous customers.

2. Accurate budgets are crucial – You need to understand how to budget for the job, and what is really involved, financially, in your home renovation. The better understanding you have of your budget, and the more accurate the estimates you include, the less likely your job will exceed your expectations. Although your contractor can supply some good information here, you should maintain authority over the budget yourself and not give anyone – not your spouse, your family as a whole or the contractor – the “keys to your wallet.” Do your homework, and follow the budget.

3. Home renovation is messy – Prior to the start of actual construction, remove all valuables and breakables from the affected areas. Unless the garage is part of the plan, you might consider storing items there. If the whole house is involved, think about renting a storage unit. While this will cause some short-term dislocation and require some sweat from the family’s brows (or more paid help), renovations are inevitably messy and accidents will happen. Take whatever steps are necessary to ensure the safety of your valuables, fine furniture, Persian rugs and other possessions.

4. Stick to the payment plan – One easy way to ruin your relationship with your contractor, and slow down or terminate your renovation project, is to deviate from your payment plan. If you are developing a timetable for the contractor’s work, you should also prepare, and adhere to, a timetable for the payments. You should be proactive in this matter, and never allow communication to deteriorate to the point where the contractor has to ask for money. Plan out every detail and every dollar, and follow the plan.

5. Extras: There’s always something – When developing your renovation budget, leave some room for the unanticipated extras that inevitably come up in the course of a home renovation. In addition, once you start renovating, you may think of other improvements or changes you wish to make. This means building some flexibility into the financing, as well as the project plan and the timetable. Strike a balance between firmness and flexibility so that you don’t go off on a tangent and lose control of the cost or the schedule.

Like most big undertakings, a home renovation can be somewhat scary. Don’t hesitate to speak with friends, relatives, coworkers or neighbors who have been through the same thing. Investigate all concerns – listen carefully, take notes and don’t leave any question unanswered before finalizing your plan and your budget. Don’t be in a hurry, don’t make assumptions and, above all, do not waver in your determination to see the project through to a successful conclusion.

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How Can This Project Be Completed More Frugally?

January 30th, 2009  |  Published in finances, remodeling, renovating

by Robert Wright

contractor silhouette How Can This Project Be Completed More Frugally?

How can we save money? It’s a common question asked on many projects.

My clients and I prefer to start with the total wish list of what we would like to be completed in the project before anything else. One reason is that we don’t want a possible future phase of work to disturb already completed work. Also, sometimes we are all surprised by what can be included in the budget. The usual result of the wish list exercise is that the project is over budget and this is all right. The next question to ask is, “Now what do we do?”

The next step is to determine the priorities for the various items of the project wish list. This can mean that less important items may be trimmed from the project.

Another possibility is to phase the anticipated project over time. What I have done with past clients is to set up a multi-year plan to renovate various parts of their home. For example: we first completed the bathroom, then the windows, and then some HVAC work.

Another step is to look at the material selections. Can we substitute less expensive materials from the wish list materials? These could include: PVC windows for wood aluminium clad windows; laminate counter tops for stone; and thermofoil cabinet doors for solid wood cabinet doors.

Maybe we can reuse existing items; though we have to be careful. Some items can look tired against the new i.e. used stainless steel sinks in the new cabinets. However, patching in old hardwood flooring, brick, or siding can reduce costs and dump fees. Remember, unless there is a major structural issue, the greatest cost items are in the things you touch and see, and not in the structure.

The selection of “cheap” materials is not usually a good idea. They are cheap for a reason – usually they are of poor quality. The low cost is forgotten long after the poor quality is evident! Quite often we can take some less expensive materials and create a more expensive look.

Another step is to look at the project from another angle. Can a revision of ideas and design help? Can the project requirements be met another way?

I had a client who believed that the only way to solve the kitchen space issues was to create a small addition. Unfortunately, this addition portion required a larger budget than the client was prepared for. With a little head scratch, we were able to create the large kitchen with eating area, a new walk-in pantry, and relocate the powder room within the existing structure and the budget.

As you can see, it can be a bit of a process to have the budget and project meet. It may take a bit more thought and research than first expected, however, it will be well worth the effort at the end of the project.

In the mid 1990’s, Rob joined and took over Citadel Renovations in Ottawa. Since that time, Rob has helped many homeowners improve their homes. Rob has been active in the Greater Ottawa Home Builders Association for many years and has been the Renovation Council Chair in the past. Recently, Rob has presented seminars at the local home shows on various renovations subjects. He is a featured contractor expert for the Home Renovation Guide’s “Ask the Expert” section. You can visit his company website CitadelRenovations.com for more information.

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