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renovations: Finding, Fixing and Flipping Homes - 09/03/09 01:40 PM
Flipping houses is a hot topic these days. Here are 10 tips to help you find the perfect flip from HGTV’s The Big Flip renovator’s John Stassen and Randy Mackay.
1. Find properties that are diamonds in the rough – homes that are rundown in comparison to those around them – as these often have a low list price.
2. Are the surrounding properties well maintained? This can add value and clinch a sale when your house goes back on the market.
3. Scrutinize previous renovations. Poor quality workmanship can mean you have paid a premium for … (0 comments)
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renovations: New Home Renovation Tax Credit Introduced - 08/07/09 06:59 PM
Effective January 29, 2009,any Canadian who spends
money on home renovations will be eligible to receive up to
$1,350 in tax relief thanks to the new Home Renovation Tax Credit proposed in Harper
Governments Economic Action Plan. Every time Canadians investin home renovations, they are
helping to create construction and building-supplies jobs in
their own communities, said the Prime Minister. By providing an incentive for
Canadians to invest in their homes, we are also encouraging them to invest in
local jobs.
To highlight the kind of projects that will be eligible under this plan, the Prime Minister
visited an Ottawa-area home … (0 comments)
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renovations: The Renovation Contract - 08/05/09 03:41 PM
One of the major reasons for disputes over renovation work is the lack of a
contract. The best way to avoid this is to draw up an agreement describing
the work to be done and the cost of this work. This contract becomes a legal
document, binding both parties once they have signed it. Don’t sign
anything until you are fully satisfied it describes exactly what you want and
contains everything you have agreed upon.
According to Canada Mortgage and Housing Corporation’s (CMHC)
About Your House fact sheet, the contract should include:
The correct and complete address of the property … (0 comments)
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renovations: Home Renovation Financing Options - 08/04/09 04:25 PM
Whether you intend to finance
your renovation yourself or
borrow money, you should talk
to a financial advisor and to
your lender before you make
firm plans. They can help you
understand your options and
advise on how much you can
borrow. This information will
help you plan realistically.
EXPLORE YOUR OPTIONS
Your own resources: For
smaller renovation projects,
you may consider self-funding
material costs, especially if
you plan to do the work yourself.
Credit card: Likewise, you can
use your credit card to pay for
materials for smaller renovations.
But be careful not to
carry the balance for too long
… (0 comments)
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renovations: Golden Rules of Renovation - 07/31/09 07:47 PM
The Canadian Renovator Association offers a number of golden rules to help renovating homeowners achieve their goals.
Know what you want. Take the time you need to explore the possibilities for your home and develop a firm plan. Begins with the fundamentals-what do you need and how you want your
Set a realistic budget. Decide as early as possible how much money you want to spend-this allows you and your renovator to focus on the work that is doable within that budget. Experienced renovators can provide sound cost advice.
Plan for the long term. Thinking ahead avoids short-term renovations that may … (0 comments)
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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