Showing posts with label Should. Show all posts
Showing posts with label Should. Show all posts

Thursday, October 6, 2011

Home Renovation Courses: What Subjects Should You Take?

If you are seriously considering taking home renovation courses, it would help to have an idea of what's available and exactly what you can expect. There are many subjects to consider and you can choose to attend some or all of them depending on your area of interest. However, the more classes you attend the more merits you gain, thus offering you better chances of success.

General Home Inspection

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To start with, you should take general home inspection where you can learn the ways, means and techniques of properly assessing a house's structure, components, facilities and aesthetics. This would allow you to properly determine areas that need repair, maintenance or improvement. Classes are delivered in interesting and practical ways by qualified professionals that include architects and engineers. To maximize learning, you should attend actual classes for the practical lessons, but if you just want a general idea, you can also take this subject online.

Basic House Structure

Before undertaking renovations on your home, or any other property if you want to make it a business, it is of primary importance that you know about the structure and foundation that keeps a house standing. This knowledge is needed if you have to put up structures or tear down walls to expand a living space without compromising the integrity and safety of the house. You will learn how to judge critically the internal and external parts of any building and how to properly rehabilitate or improve them.

Renovation Planning and Administration

Another wonderful unit which you cannot afford to miss is renovation planning and administration which focuses on both small scale and large scale renovations. You will especially appreciate this unit if you plan to put up and manage a home renovation business. After all, just like in any other business, proper planning and management is the key to achieving your goals and keeping your operations profitable.

Architectural History

If this is a personal interest or passion of yours; you can take an optional subject on architectural history. It might be of interest to you to know how our ancestors built homes and how it has evolved through civilizations - from the homes of the ancient Mayans and the ancient Egyptians to the "more current' great civilizations in China or Rome. As they say, knowing where you came from would give you a better idea of where you are heading, and it may hold true to architecture as well.

From painting, to masonry to woodwork, almost all aspects of home renovation can be learned by taking up these special courses. If you want to get serious with renovating either to save on renovation costs or as a business, attending home renovation courses would be the best thing to do, if not a required one.

There are a lot of home renovation training providers and schedules you can choose from. However, be careful in choosing the institution offering the courses. Check to make sure that the instructors are experts or at least qualified to teach a particular topic. Only then, would you be able to appreciate the lessons, learn effectively and apply the knowledge properly.

Home Renovation Courses: What Subjects Should You Take?

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Saturday, September 3, 2011

Residential Energy Property Tax Credit - What Homeowners and Builders Should Know

Homeowners can now make energy saving improvements to their homes and receive a tax credit up to ,500 when filing their 2009 income tax return.The American Recovery and Reinvestment Act which was enacted earlier in 2009 expanded this credit. If you spend ,000 before the end of the year, on eligible energy-saving improvements, you may be able to save as much as ,500 on your 2009 Federal income tax return.

The credit is equal to 30% of the cost of all qualifying improvements subject to maximum credit limit of ,500 claimed for 2009 and 2010(both years combined). The credit applies to improvements such as insulation, energy-efficient exterior windows and energy-efficient heating and air-conditioning systems. For additional information on qualifying improvements please visit the IRS website.

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To qualify as energy-efficient, the improvements are required to meet new standards that are more restrictive than the standards that existed in prior years. In addition, manufacturers are required to certify that the product meets the new standards by providing a written statement to that effect. In order to qualify for the credit, the improvement must be placed in service after December 31, 2008 but prior to January 1, 2011. The improvements must be made to the taxpayer's principal residence which must be located in the United States.

Taxpayers must claim the credit in the tax year in which the improvement is made by completing Form 5695.

Tax Tip - Some vendors may mislead you or there may be some confusion about the certification since the credit existed in prior years. For this reason, it is very important that you make sure the certification statement is for the 2009 credit rather than a credit from a prior year. A word of advice, since certain slow-moving energy-efficient products from last year may be marketed at closeout prices during the holiday season, it's critical to verify that you have purchased a current year product with the 2009 certification from the manufacturer in order to use the credit on your 2009 income tax return.

The tax credit can only be used if you have a tax liability and you cannot use it if you have no tax liability. You are now required to file a regular Form 1040 to use the credit. It is not available to 1040EZ and 1040A filers. So instead of filing Forms 1040EZ and 1040A you need to file Form 1040.

Due to other credits claimed by a taxpayer, limits based on tax liability and other factors, the actual savings may vary.To best determine if you qualify for this ,500 credit you should ask your accountant to help you make this determination.

Residential Energy Property Tax Credit - What Homeowners and Builders Should Know

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