(NC)—Canadians' ongoing love affair with renovating their homes
is alive and well, with more than $20 billion being spent every
year since the new Millennium. But how do you know what
improves your home's value, and what might make it harder to sell?
Here are some tips that might make the decisions a little easier:
1.Develop short-term and long-term goals: If you will be at your
house for less than five years, you might want to forgo the addition
to your home and simply repaint, or install new windows or floor
treatments.
2.Don't use a renovation just to express yourself: Don't expect
prospective buyers to pay for your wonderful, but unique taste—
you might love a pink and black marble en suite, but not everyone will.
3.Stay in character: When planning your renovations, try to match
the neighbourhood aesthetics. Ask yourself if mini-Windsor Castle
touches work well in your post-war housing neighbourhood.
4.Become a Do-It-Yourself-er: Hardware and home renovation
shops often have project seminars to show you how to get the job
done properly. Many stores also have in-house experts who can
give you advice, should you need it.
5.Consider professionals: Professional architects, contractors and
designers know the quirks of your local zoning regulations. You don't
want your garage conversion shut down because you don't have the
correct permits.
6.Financing: If your project exceeds your cash on hand, there are
many financing options available including small loans and larger
mortgages. Consider taking out a line of credit to help you get the
job done properly and see it through to completion. One of the most
innovative home equity lines of credit available is Manulife One,
offered by Manulife Bank.
To find out how Manulife One can help you with your home
improvements visit
http://www.manulifeone.com/ or call
1-877-626-8111 (1-877-MANU111).
- News Canada
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