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Get The Best Bang For Your Home Renovation Buck

November 6, 2013
home renovation

The House Fit for “Sonny and Claire”
2013 Georgie Award Finalist

According to a recent poll 65 percent of Canadian homeowners are planning to renovate their home in the next 12 months. Keeping with longer-term plans, David Stafford, director of real estate secured lending at Scotiabank states the most popular  renovation projects are bathrooms, kitchens and basements.For those concerned about heavy debt load, 73 percent of respondents plan to use cash savings to pay for their renovations. Candaians are investing in improving and maintaining their homes, often their largest asset.

David Stafford confirms the best renovation outcome depends on choosing the right means of payment as well as having an effective project management plan in place. Spring is the prime time for renovation, fall is a great time to start getting a budget in place. Work with a contractor you can trust, ask them questions and do your own research. Figure out all the numbers before going ahead with your renovation. Get the best bang for your buck.

Once your budget is set speak to a financial advisor, a line of credit is a useful tool for making purchases and paying contractors. This will keep everything organized for you in one place and one statement. Speak to your contractor for the best return on your investment. Many Canadians are investing in their kitchens and bathrooms but also adding energy efficiency as one of their top goals, a small difference in the price can have a massive payback over time.

Check out our blog 8 Successful Home Renovation Tips for more information on how to ensure your renovation is a smooth process.

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  • I want to thank you again for the great service you have personally provided from start to finish of our project. It has been very much enjoyed and appreciated.

    I would be happy to speak with any future prospective customers on your and your companies behalf.

    Larry D, Vancouver
  • We have undertaken several projects over the past couple of years using your company’s services and have found you to be attentive to our needs and concerns, responsive to our requests, and as efficient as the busy construction industry can under existing conditions.

    Christopher T. Wilson – President, Faireharbour Strata NW 649, Tsawassen
  • When our renovations were complete, we were very pleased with the quality and detail of the work that had been done. Also the estimated time in which Todd quoted at the beginning was accurate.

    Peter M., Richmond
  • Todd is very organized and detail-oriented as well as being incredibly reliable…Todd represents a high level of professionalism within the work being done as well as on a personal level.

    David C., Vancouver
  • A special thanks is due to Todd for seeing to it that the work progressed efficiently, with materials and trades people arriving when needed.

    Doug & Lyn B., Langley
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