While home renovation continues to be a popular past time, a recent BMO poll uncovers that home owners are making sure that whatever they are investing in their home is going to add value to the resale of their home down the road.
Here is a link to an article referring to the BMO poll … http://www.canadianmortgagesinc.ca/2011/07/homeowners-prefer-renovating-bathrooms-a.html
According to BMO, over 80% of home owners plan to do a renovation in the next two years and about half are either doing the kitchen or the bathroom, which tend to be the types of renovation investments that contribute the most to higher resale values.
This makes a great deal of sense from an investor point of view and shows that Canadians are pretty savvy as to how they go about making investments in their homes.
For any type of renovation project that does get undertaken, there are a number of different construction financing or renovation loan options that may be relevant to your situation.
If you’re planning to do a home renovation in the near future, or are in the middle of one right now and require some renovation financing to complete the work, I suggest that you give me a call so we can go over your project together and discuss different home renovation loan financing options that will meet your requirements.