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Watch me on the Marilyn Denis Show!

Watch me on the Marilyn Denis Show!

Here is a quick summary of the segment: Return on Investment — Influencing Factors: Your home’s value relative to other homes in your neighborhood. A key consideration when looking at doing a renovation is understanding the value of your home which can help guide the decision on an ideal renovation investment amount. Is it in the lower, middle or upper value of homes within your neighbourhood? A home in the lower to middle value can see more return on investment than perhaps a home that’s in the higher value. The length of time you take to pay off the renovation financing. It’s in your best interest to pay off your renovation financing as quickly as you can to maximize your return on investment. The longer you take to pay off the debt, the more in interest you’ll be paying out which affects your overall return. Renovations such as replacing a furnace, installing new windows or a roof will improve heating/cooling efficiencies within your home that lead to monthly cost savings for you and adds to your overall return on investment. Financing your Renovation: When considering your options for financing your renovation, you’ll also want to consider how the costs will fit within your overall financial plan and have a clear approach for repaying the debt you incur along the way. With any renovation budget, it’s wise to keep a close eye on it – track your expenses to maximize on your investment. Draw on Savings If you are able to draw on savings to fund part or all of your renovation, it may be the best option. Be sure...
August Home Newsletter

August Home Newsletter

Download the most recent copy of the August home newsletter for offline viewing! Click Here! -> August 2012 Newletter