If you’re finding your family has grown out of your current home or your house could use a makeover to better fit your changing needs, renovating is a great option to examine. Instead of putting your home on the selling block and heading out shopping for a new home right away, it may be worth considering using some of your home equity to renovate so you can remain at your current address.
The first consideration is whether your home can be adjusted to meet your needs. Is your lot big enough for an addition? Will your foundation handle the weight of an extra floor? Does the tired look of your home require a major overhaul? Will the renovations add value to the home?
Plan out the changes you’d like to make and speak to professional renovators to seek several quotes before making your decision.
Next, depending on the complexity of the project, you have to decide if it’s worthwhile for you and your family to live in a construction zone for several weeks or even months while improvements are being made to your home.
Finally, unless you have a lot of money saved up, you have to weigh your finances to determine what makes the most financial sense to you and your family in the long run.
For More Information See Link: https://dominionlending.ca/news/renovating-may-make-more-sense-than-buying/
Brought To You By:
Dave, Cindy and Amanda Walker
The Walker Real Estate Team
19 Year Emerald Medallion Members
HomeLife Benchmark Realty
#1 1920 152 Street
South Surrey, B.C. V4A 4N6
604-889-5004 or info@WalkerRealEstate.ca
Kimberly Walker, Mortgage Broker
Cindy Walker, Licensed Assistant
14 Years Mortgage Experience
Dominion Lending Centers
Valley Specialists
#111 20434 64 Avenue
Langley, B.C. V2Y 1N4
604-889-5004 or cindywalker@shaw.ca
Recent Comments