Renovation

Investing in Pre-Construction Properties

Building a new house takes time, and when you purchase a new house directly from the developer before it's built, it is known as pre-construction. Pre-construction properties can include houses, townhouses, or condos, and investing in them can have many advantages. However, it's important to follow some best practices when buying pre-construction properties. One advantage of pre-construction properties...

What Should I Check Before Adding an Accessory Dwelling / Basement Unit to My House?

If you're considering adding an accessory dwelling to your property, it's important to review the following checklist beforehand:Check with your local municipal planning and building department to determine if an accessory dwelling can be added to your property and to learn about licensing and parking requirements.Hire an architect or BCIN designer to help with designing the unit, as they can ensure that...

Understanding the Home Appraisal Process

The home appraisal process in Canada is the process of determining the market value of a property, typically performed by a professional appraiser. The appraisal report is often used by lenders when considering a mortgage application, and it provides an unbiased assessment of the value of the property.   It is possible to hire your own appraiser which is on the bank’s approval list.  The process...

The Benefits of Buying vs. Renting a Home

Buying a home has several potential benefits compared to renting:Equity: When you own a home, you build equity over time. This is the difference between the value of the home and the amount of the mortgage you still owe. As you pay off your mortgage, you own a greater share of the property, which can provide long-term financial benefits.Stability: Owning a home provides a sense of stability and security,...

What are Some of the Top Valued Renovation Items?

If you reside in a growing city with a continuous influx of people, companies, and jobs, you'll most likely experience natural property appreciation. However, you can also increase the value of your home by making changes that bring exponential value. This is commonly referred to as adding value to real estate.There are various ways to add value to your house, such as fixing up the garden landscaping or...