Wednesday, April 24, 2013
- Albertans spend the most on home improvements
#yyc #yycre #renovatealberta #renovateyourhome #movingtocalgary
According to a poll from the Canadian Imperial Bank of Commerce, Albertans are big spenders when it comes to making new improvements on their homes.
The bank's study showed that Alberta's residents plan to spend $22,900 on their homes in the next 12 months, well above the national average of $15,300. Fetching the highest prices also means that Albertans are also the most likely to renovate in the next year.
"Whether it's replacing an old roof or updating a kitchen, home renovations can help you get more out of your property, but you do need to consider how the costs will fit with your overall financial plan," Colette Delaney, executive vice president of mortgage, lending, insurance and deposit products, CIBC, told the Calgary Herald
Homeowners should consider their home renovations wisely and research which ones will be most likely to increase the resale value of a home.
Scott McGillivray, host of HGTV's Income Property, told the news source that "kitchens and bathrooms are always value-adds," so its important to find ways to get the most out of your money and the best way is to plan on doing those rooms first.
Those after the increasingly popular Alberta mortgages should continue to seek reputable lenders that will help the home purchasing process.
endorsed by: www.thesportsrealestateguy.com
posted in General
at Wed, 24 Apr 2013 08:31:47 -0600