Jumping into the world of home (or condo) renovation is always something that you need to be not only financially prepared for but mentally and emotionally. Especially if it is a full right to the walls renovation or a tear down. However, even the smaller renos can bring stress to a homeowner and possibly their family. We see it all the time; cost overruns, time delays, shoddy work to name a few. Living in your space while renovating can have its challenges as well but in the end, there are not too many clients that I have seen that regret the overall outcome. Mind you, there were some very upset clients as well and some where marriages were on the line – no lie. Essentially, home renovation and construction are not to be entered into lightly.
What I am getting to is that before tackling any kind of renovation, make sure you are mentally prepared as well as financially to see it through to the end. The end result will be much more satisfying I assure you.
Here’s an article on construction financing from The Globe and Mail that I was featured in recently. Some valid points made on what to consider. Click here to read
Feel free to contact me should you have any questions or concerns regarding renovation or construction financing.
Kim Gibbons, Mortgage Superhero ®
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Your Toronto Mortgage Broker