September 2019

Found 2 blog entries for September 2019.

If it's been a while since you last moved, you might be wondering how much you'll need to spend on your next home. That's an important question to answer, even if you're just at the "thinking about it" stage and haven't decided whether or not you'll look for a new property.

After all, knowing your budget might influence your decision.

How should you determine your budget?

The first step is to calculate the maximum you can spend. This involves adding the money you'll get from the sale of your current property after repaying your outstanding mortgage, to any other funds you have available to invest ,plus the maximum amount of mortgage you qualify to receive.

Of course, just because you may qualify for a large mortgage doesn't mean you want those

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As you probably know, it's easy to lower the costs of a renovation. Just hire an inexpensive, fly-by-night contractor - and hope for the best!

Chances are, you won't want to take that risk. So how do you ensure you get quality work while keeping your budget in check?

Here are some tips:

  • Get estimates from at least three contractors. Often prices can vary widely, even amongst contractors with similar reputations and experience.
  • Narrow the project focus. If you're getting a bathroom renovated, for example, decide whether you need the contractor to paint the new walls. Can you do that yourself?
  • Shop around for the building materials. Yes, contractors often have access to wholesale prices. Still, you might be able to find a bathtub and
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