Tuesday, 30 October 2012

Your Home Renovation Begins TODAY

Home Addition: second storey was added onto a bungalow and over the garage, by Wo-Built Inc.
Image: Second Story Addition by Wo-Built

So the leaves are falling, the mercury is dropping, and the last thing on your mind is that major home renovation, addition, extension, demolition, or new build. Time to rethink your timing.
Don’t wait until Spring to start planning your new build or kitchen; home addition or extension.

Fall is the best time to start looking at a major building or home improvement project. As with most things in life, it’s best not to procrastinate. And getting a jump on everyone else in terms of planning has many advantages.
  • 1. Planning and design. You do not want to rush the planning and design phase of your building project, especially an addition, luxury kitchen upgrade, etc. Taking your time to design what’s going to work best for your house and budget pays of big time.
  • 2. Choose your contractor and sub-trades. Get them while they’re not as busy as thy will be in the Spring. Best to negotiate when their schedules are fairly light (as is their cash flow). The old “supply and demand” adage applies here.
  • 3. Budgeting and financing. By getting a jump on your home or small business renovation project, you have an opportunity to adjust your budget and/or apply or additional financing should you find your original estimates were off.
  • 4. Treat your partner / family with a huge Christmas present. By arranging next season’s home improvement project now, you can surprise your companion and/or family at Christmas with a truly unique gift that literally keeps giving for years to come.
  • 5. An investment for this year. Although you should check with your financial advisor and/or accountant, it’s quite possible you can write off a portion of your renovation (especially if it’s for an office, small business, or your run a home-based business).

As always, you want to work with a design and build contractor who works together with you as your advocate: a company who wants more than to get another project; rather, a satisfied customer. Wo-Built is just such a design & build contracting firm.

Attila Lendvai
VP of Strategic Development
Wo-Built Inc. - Innovative Design and Build

links: How to Turn Your Bungalow into a Dream House Mansion What to Do When You Outgrow Your House? Move or Be Moved? Five Things to Remember when Making Your Old Bungalow New Again

BMO Financial Group News Releases: BMO Home Renovation Survey: Nearly Half of Canadians Planning Home Renovations This Fall
- Most popular Fall renovation projects include bathroom, kitchen and bedroom
- More than half plan to spend less than $1,000; one-third expect to spend up to $5,000

- Canadians relying mostly on savings to fund renovations; taking a DIY approach to save money

Marketwire - Oct. 29, 2012

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