With the real estate market in the Georgian Triangle rising to new heights because of the demand for homes and the lack of homes that are actually for sale more and more people are opting to stay where they are and renovate their current home instead of trying to find a different home.
With all the costs associated with selling a home and then moving people are deciding to take that money and invest it into their current home.
In previous years the renovations we completed for a lot of people had an eye to resale so that they were limited to updating kitchens and bathrooms. But with people deciding to stay in their home for the long term there is a willingness to spend larger amounts of money to do whole home renovations that help the current home work better for the people that are living there.
Additions, outdoor space and garages are also being added while people try to maximize their current location as long as they can.
Money spend properly on your current home and done right should mean that your current home will be up to date and functional for you and your family for the next decade at least.
The larger renovation projects mean larger renovation budgets, these larger renovation budgets must be looked as a long term investment in your current home and not a short term bump in the home price. The added bonus of having low interest rates helps make that larger whole home renovation more affordable.
If your leery about entering the resale home market then maybe you should really think about staying where you are and investing in your current home.
If you are thinking about a renovation for your current home, send us an email at infor@villagebuilders.ca and we can see how we can help you.
Rob Abbott
Village Builders Inc.
No comments:
Post a Comment