New York Home Improvement Laws

Home improvement

Home improvement is anything that adds value to your home or makes it more useful, from adding a deck to painting a room. This type of work can be very expensive, so it is important to do your research and find a reputable contractor.

In New York, contractors are required to pay sales tax unless they can provide documentation that the project is a capital improvement. This can be done by filing a certificate of capital improvement with the Department of Taxation and Finance. This will exempt the contractor from paying sales tax besides materials.

If you’re looking to do some home improvements, it’s always a good idea to speak with a real estate agent first to make sure your plans will actually increase the value of your home. Some renovations can actually decrease the value of your home, so it’s crucial to make smart choices.

It’s also important to not go into debt for your home improvements. Taking out a loan means you’re paying thousands of dollars for something that may not add any value to your house when it comes time to sell. Stick with projects that will be a good investment for your family.

While you may be tempted to add a hot tub or a fancy fountain, remember that a buyer will probably be looking for more modest upgrades that will fit in with the rest of the neighborhood. Homeowners are often surprised by how much their house can change with simple updates like re-grouting tile or power washing the exterior.