Refinancing to Renovate in Barrie, Orillia and Innisfil
August 10, 2017 | Posted by: Richard Allatt
If you are in Barrie, Orillia, Innisfil or anywhere in Ontario and you own a home you've probably had an appraisal done at the time of purchase, but did you know that an appraisal can help you if you want to renovate?
The home renovation industry has experienced a lot of growth over the past years. More and more home owners are choosing to renovate instead of buying up. As a result, appraisals can reflect two values: 'as is' and 'as if the renovations are completed'. If you are planning a major renovation you should familiarize yourself with this process. Home owners may wish to order an appraisal to determine the best course of action and address things like:
What will be the return on my investment?
How much should I spend on my renovations?
How can I get the maximum return on my renovation dollars?
If you are looking to refinance your mortgage for a renovation, start by talking with your Mortgage Broker.
If you are in Barrie, Orillia or Innisfil and need help with your mortgage refinancing don't hesitate to call me, Richard Allatt at 1-888-227-1386 and I will be happy to answer any questions you have - all at no obligation to you.
If you are looking for more information about appraisals or the appraisal process, check out the Appraisal Institute of Canada.
