How To: Prepare for Renovating
Spring has sprung and maybe you’re finally ready to build that new deck, paint those golden oak cabinets in the kitchen or install that new bathroom tile. Renovations are a natural part of home ownership — here’s a few things to consider before you swing that sledgehammer or make a trip to your local home improvement store.
WHAT’S YOUR MOTIVATION?
Are you selling your home and looking to increase the value?
Spring Reno Fever
It’s no surprise home renovations are on the minds of many Canadians in spring. It is after all, a time of renewal.
But this year it appears more Canadians are in the reno mood according to findings in the Scotiabank Mortgage Landscape Study. It says 44 per cent of Canadian homeowners are planning significant renovations to their homes in the next two years.
The survey found Canadian homeowners would most like to renovate their kitchen (33 per cent) followed by the bathroom (16 per cent) and the basement (16 per cent).
Half of Canadian Homeowners Plan to Renovate
It’s the season of home renovations and according to the Scotiabank Mortgage Landscape Study, 46 per cent of Alberta homeowners are planning significant renovations to their home in the next two years.
Albertans are the second most likely of all Canadian homeowners to have a major reno project planned, ranking only behind the Atlantic provinces where 47 per cent of homeowners planned to renovate.