Found 7 blog entries tagged as investment.

How Much Can a Renovation Add to Home Value

Spring is right around the corner, and you may be thinking about making some home improvements. You love your home, but perhaps you want something a little bigger, or a little nicer. A renovation can get you there. At the same time, remodelling certain areas of your current home may lead to a higher value when you’re ready to sell.

While certain renovations can add to the value of your home, this is not always the case. That’s why it is essential to consider how much time and money the remodel will cost, and if the return on investment (ROI) will be worthwhile.

How much can a renovation add to home value? That depends on a number of factors, but here are a few of the best home renovations to consider.

Interior…

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Ways to Finance Major Home Renovations

Upon deciding to upgrade your home, whether you’re planning to stay there or sell, the topic of money arises quickly. It’s well known that home renovations can be costly. Sure, some small upgrades such as new light fixtures, faucets and paint don’t typically cost a whole lot of money, but remodels are known to snowball and the costs can add up quickly. Thankfully, you have options! Here are 8 of the best ways to finance major home renovations to help you forge ahead, with confidence that you’ll have the financial means to make your vision a reality!

  1. Home Equity Line of Credit

When buying a home, most people apply for a mortgage. Your home equity is the portion of your home that you have already paid off.

Home…

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When you pause to admire a beautiful kitchen, where do your eyes go first? The sparkling countertops? The shiny appliances? The geometric tile floor? You can be honest—your attention probably isn’t captured by the cabinets. 

They take up the most space, yet kitchen cabinets seem to go largely unnoticed when you’re appreciating a well-designed kitchen. If you’re looking to breathe some fresh life into your space while on a budget, or are planning your next big renovation project, don’t overlook them! Especially not when these current kitchen cabinet trends are sure to impress your guests and turn the kitchen into your favourite room in the house (if it’s not already).

Image via Rachel Claire from Pexels

Neutral no more

Trade in your bright whites…

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Whether you’re a first-time home buyer or a seasoned property owner, shopping around for a mortgage lender can feel daunting.

With multiple companies, interest rates, and options to look over, finding the best lender for your specific needs can appear overwhelming. However, mortgage brokers and specialists have the tools and knowledge at their fingertips to help borrowers make informed decisions about their home financing.

Image via Pexels

To tell us more about what to look for when choosing a mortgage lender, we recruited the advice of Carrie Cardinal from Realtyone Real Estate Services Inc. and Ryan Mollberg with M Realty, both of whom are Saskatchewan-based mortgage brokers and REALTORS®. 

Types of mortgage lenders and how a broker can help

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Canadian home sales are falling, and that’s turning into a drag for home building intentions. Statistics Canada (Stat Can) data shows September permit values made a monthly increase. Despite the bump, values are still generally trending lower. Soft housing demand has residential permit values currently in a correction.

Canadian Building Construction Investment Is Trending Lower

Construction intentions bumped higher from a month before but didn’t break the trend. Building permit values reached a seasonally adjusted $10.1 billion in September. This is 4.3% higher than a month before and 4.9% higher than last year. Leaving it there, things would sound pretty good. However, there is a lot to unpack with this number.

Canadian Building Permit…

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Don’t Tackle Selling Your Home on Your Own – an Agent Can Help

 If you’re looking to maximize your sale and minimize your effort, you need to work with a real estate professional. In a sellers’ market like today’s, it can be tempting to list your house on your own – known as For Sale By Owner (FSBO). But the truth is, a real estate professional can save you time and money by managing every step of the process, from pricing your home to reviewing documents and handling negotiations.

Before you decide to sell your house on your own, here are five reasons why working with an agent is your best bet to maximize the sale of your home.

1. First impressions are everything – and an agent knows how to make a great one.

Prepping a house for sale requires a significant amount of time and effort, even though…

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Are you planning to purchase an old home? This could be a very smart real estate move, as old houses tend to cost less than modern builds. Additionally, if you're the type of person who appreciates the nostalgic appeal and charm of an older home, then this will be a gratifying choice for you.

Although older houses bring undeniable historical character and uniqueness, there are a few things you need to be aware of before buying one. Here is a list of important things to look for when buying an old house to avoid running into trouble:

Harmful Building Materials

The very first thing you should check before buying or moving into an old house is the presence of harmful building materials. Generally, houses built before 1978 are known to contain…

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