Making Upgrades to Sell your Home? Here are 3 to Avoid
If you’re trying to sell your home and are walking around with clipboard in hand, making a list of all the upgrades you want to make in order to help sell – stop! While making certain upgrades and repairs will help increase the value of your home, others will do the opposite and leave your home sitting on the market for months. Here are three of the most common mistakes homeowners make when upgrading their homes, and why you should avoid them.
Read moreMake your Kitchen Look Pricey, for Cheap
It’s no secret that remodeling your kitchen will tack on lots of bucks to the resale value of your home, but you also don’t want to go broke in the process. Real estate experts agree that you shouldn’t go over $70,000 when remodeling your kitchen, and many homeowners can’t even afford to go that high. But that doesn’t mean that you’re destined to live in (and eventually try to sell) an outdated kitchen. You just have to know how to make renovations that will give your kitchen that polished look, but that can also be done for cheap.
Read moreMore Baby Boomers Want to Stay in Their Homes; but Can They Afford It?
If there was ever a generation that wanted to stay in their homes as long as possible, and not ever have to think about moving in with their children or going to one of those dreaded “retirement communities,” it’s today’s Canadian Baby Boomers. With many Boomers already in retirement, and many more to come, the Baby Boomers are one of the largest generations in history to enter retirement all at the same time. This poses some questions, and the latest one being asked by the HomEquity Bank is where all the Boomers going to go, and are they going to stay in their own homes?
Read more3 Home Renos to do in the Summer
If you’ve taken out a home equity loan to make renovations on your home, or are thinking about doing so, then you need to get started right away on making those renovations. Summer is the best time to do any home renos, with longer days providing for easier work and nicer temperatures meaning that more can be done – inside and outside the home. Even if you have a long laundry list of renos that need to be done, here are the three that you should start with before frost sets in and snow begins to fall.
Read moreHomeowners Prefer Renovating Bathrooms and Kitchens
A new BMO poll found that most Canadian homeowners (83 percent) will make renovations to their home over the next two years. The most interesting finding is that homeowners are shrewd investors who understand very well which renovations will add value to their home and which will be wasted money (at least from a value…
Read moreTapping Into Home Equity to Deal With Credit Card Debt
A Statistics Canada report released on Monday presents some startling facts about the level of household debt that we as Canadians have taken on. In total, household debt among Canadians has reached $1.5 trillion. This equates to $176,461 for each two-child household. While we have long taken pride in being more fiscally responsible than Americans,…
Read moreHome Reno Fever
Irrespective of market conditions, home renovation is always a good way to improve the quality of one’s home. Dianne Nice of the Globe and Mail recently mentioned a story that any homeowner would appreciate. Seeing the truck made her consider whether her home needed new eavestroughs which made her wonder if she and her neighbours…
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