Using your credit loan for home renovations is an excellent way to improve the value of your home. The capital you receive from Alpine Credits can increase your profit when you decide to sell. In the meantime, you get to enjoy the fruits of your labour as you relax in a modernized, aesthetically pleasing residence.
Knowing where and how much money to spend on renovations is key.
Always consider the local market before you start spending thousands on renos. A Gulf Island cottage should receive completely different fixtures, than a West End apartment.
Decide on what areas need work and order them in a list according to importance.
Start small and grade your ability to stay on budget. If you find your own work is becoming costly due to mistakes, consider hiring a professional.
If you do hire a tradesman, make sure you compare at least three quotes before handing over the job.
Check government websites for environmental tax breaks. These can save you hundreds of dollars come tax time.