New Regulations and Old Tax Credits
In case you haven’t heard, there is a new lead paint abatement law in effect as of April, 2010. If your home pre-dates 1978, when the sale of lead paint was prohibited, your contractor must be certified in lead paint removal if they are disturbing more than six square feet of area during a renovation. While this will surely add to the cost of your renovation, studies have shown that even a small amount of lead paint ingested or breathed in can cause neurological damage in children. The safe removal and mitigation of renovation activities is a good thing for everyone. You can read more about it here.
The Consumer Energy Efficiency Tax Credits are in effect until the end of 2010. These tax credits may cover renovations like windows, doors, insulation and roofs. Read more about it here.
Be an educated consumer when it comes to renovating your home!