There are many reasons why you may need more space in your home. Your family may have grown, you may be hosting more and more frequently, you may want to enjoy your morning coffee in a beautiful sunroom, or you simply may just want a larger home because it looks nice. The good news is, you don’t need to break the bank or significantly renovate your home to satisfy what you’ve been dreaming about. You can build an addition to your home to give you more space, and you can even get a major HST rebate on the work once it’s completed! Here are all the details.
A home addition is a great alternative to increasing your square footage without the hassle and funds required for purchasing a new home, or significantly renovating your home. With a home addition, you can build out of your home into your backyard, build up or even down! The least expensive category of a home addition is when you build out. When you build out, you can create a beautiful sunroom or study, filled with natural light. Or, if you want to be very practical, you can use it as a space to rent out to AirBnB tenants. You can also use the space as an area to host guests, or as a reading room, entertainment room, or an area for entertaining dinner guests. The possibilities are endless.
Although building out is typically the cheapest way to add an addition to your home, you need to ensure that you have the lot space available to make this change. If your backyard isn’t large enough to accommodate the increase in square footage, then you may want to reconsider. As well, if you want the addition to have the same look as your existing home, you’ll want to make sure that you can still purchase the same building materials to ensure that everything looks consistent.
If you don’t have the lot space, you may want to consider building up or down. If you currently live in a bungalow, you can add significant value to your home by building an addition upstairs and creating a second floor. You may also want to extend your basement space to accommodate a basement tenant. Both building up and down can be great investments into your home’s future.
In addition to increasing the value of your home in the long run, you can actually get an HST rebate on your home addition once you’ve completed the work! At Rebate4U, we’ll gather your invoices and apply for an HST rebate of up to $16,080 on your behalf.
At Rebate4U, our rebate specialists will always ensure that you receive the maximum rebate amount that you’re entitled to. Don’t delay in giving us a call, because there are time limits on when you can apply for your rebate in relation to when the project was completed. If you’ve completed a home addition in the past two years, or if you want to find out more information about the rebate programs in Canada, give us a call at 1 (800) 610 4510 or email us at info@rebate4u.ca.