To qualify for the NRA rebate, you must increase the value of your property by 15% or more when your project is completed. New builds, garages, and structural additions qualify as projects that may increase your value. When considering home renovations, kitchens, and bathrooms increase a home's value significantly. Exterior paint, new windows, or other small cosmetic projects generally do not get applicants over the 15% threshold.
When you apply for the rebate, you are not approved until your project is complete and the appraiser has reassessed your property's value.