Found 4 blog entries tagged as home improvements.

How do Home Renovation Loans Work

When first thinking about renovating our homes, we often get lost in daydreams and fantasies of new bathrooms, kitchens, walk-in closets, and a whole host of other great renovation ideas. Eventually, though, we come back to reality and the daunting thought of the cost associated with renovations. So, how do home renovations work? Let’s dig in.

Home renovations can run anywhere from a few hundred dollars up to hundreds of thousands of dollars, and there are many different ways to pay for them. While inexpensive upgrades such as new light fixtures, countertops and windows can be paid for using either a line of credit or a savings account, large reconstruction projects take far more time and money, often requiring home…

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home renovation tax credits_solar panels

Home renovation projects have become quite common throughout the Canadian real estate market. Whether because people are staying home more now or they want to be more environmentally friendly, people are jumping on the renovation bandwagon. Whether indoors or out, there are many things you can do to revitalize your home. In an environment of historically low interest rates, and plenty of homeowners cashing in on their equity to fix up their humble abodes, more families are choosing to build up and build out, revitalizing their bedrooms, bathrooms and kitchens. Moreover, many homeowners are greening their properties and making their homes smarter. In other words, homeowners are putting their money to work. But did you know that…

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Blowing the budget is everyone’s biggest fear when it comes to home renovation projects. Even if you follow standard guidelines—like building in a 20% cushion to cover unexpected costs, vetting contractors, and staying focused—it’s hard to prevent spending more than you’d like to. But with some strategic planning, you can save money in the lead-up to your big remodel and cut costs without cutting corners. 


1. Figure out your priorities

We get it: You’re super excited to get into your new house, and you can’t wait to make it yours. But before you start envisioning walls coming down, scale down your big dreams, suggests Toronto financial counsellor Jessica Moorhouse, who is also host of the Mo’ Money Podcast. 

“Yes, there’s a long list of things…

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Home Renovations That Buyers Want

What are the home renovations that buyers want to see on the market? It’s a great question, and one you’ve likely pored over if you’re preparing to list your home for sale in the near future, or you’re embarking on a renovation with a thought to long-term resale value. According to the 2021 RE/MAX Renovation Investment Report, more than half of Canadians underwent a home renovation for personal/non-ROI purposes, with 29% choosing to renovate for non-essential “lifestyle” reasons, such as recreation-inspired projects. Despite the trend of renovating for personal use and enjoyment, 59% of Canadians said they always consider the return on investment that a renovation will have on their home’s overall market value, so while there…

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