Home Renovation Incentive
The summer holidays are over, the kids are back in school, the evenings are drawing in, the Late Late is starting back on the telly – and it’s time to resign ourselves to the fact that winter is coming. And the colder weather and the darker evenings mean that most of us are spending more time than ever in our homes.
And suddenly you start to notice all the little things that you’ve been putting on the long finger - the bathroom could really do with being re-tiled, the kitchen's very poky, your conservatory is leaking, and you think: "there’s no time like the present! But, can I afford it?"
Well, to make it a bit easier, the Government announced the 'Home Renovation Incentive' in last year's Budget which gives you a tax credit if you spend between 5,000 and 34,000 euro on home improvement works.
To date 7,000 homes have availed of the incentive, spending a whopping €155 million – but there are still those out there who don’t know about this incentive or don’t know how it works. Did you know, for example, that it covers landscaping work?
So we decided to bring two experts into studio today. Pat Molan is the Project Manager for the Home Renovation Incentive with the Revenue Commissioners, and he's in to explain how the incentive works. And we also have Robert Bourke in studio from Robert Bourke Architects in Dublin, to tell us how best to use the incentive to add value to your house.
If you have any questions for either Pat or Robert, please text them to 51551 or e-mail firstname.lastname@example.org.
For more information on the scheme, click here.