Top 3 equity-building renovation tips to tackle in the summer

renovations - Chilliwack Mortgage Broker

Hey Chilliwack mortgage clients. With the market in a “boom” right now, upgrading and renovating are on all homeowners minds. Check out this info from our Verico head office.

Are you ready to create some lasting memories now that the good weather days are returning?

No matter whether it’s enjoying the company of family or taking in the beautiful landscapes of Canada, there is always a little piece of paradise that can be found during those scorching hot days.

You don’t, however, have to travel very far to find your oasis. With a few renovations, you can create a world that reflects you and your family – and projects of this kind also help to protect your investment.

Renovations add value to your property,” says Sylvain Renaud, vice president, personal lines at Intact Insurance. “Before you do any renovation work, my first tip is to contact your broker to make sure you’re sufficiently covered.”

Here are three more summer renovation tips.

1. Driveway

If your driveway is pushing 20 years old, it’s probably time to redo it. The materials in asphalt start to fail over time and patching up spots is only a temporary fix for a bigger problem. Warmer months provide the perfect opportunity to create a smooth, bump-free driveway, with time and high temperatures being key factors to avoid premature hardening.

2. Protect your basement from water damage

When refinishing the basement, make sure to deep-seal the concrete to prevent water seepage, water vapor and soil gases like radon. This can protect you from problems down the road.

3. Roof

Replacing your roof can save you money in the long run. Use materials that are resistant to hail and wind for both the roof and siding.

 

By Referral Mortgage Consultants*

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*By Referral Mortgage Consultants – doing business as BRMC is: Verico Preferred Financing Inc / Verico Canadian 1st Mortgage Corp which have a co-brokering agreement and there is a common Mortgage relationship and are licensed with the Verico Dreyer Group. Mortgage ownership, that employees of both Mortgage companies may review, advise and help process the Mortgage files. That Verico Preferred Financing Inc & Verico Canadian 1st Mortgage Corp share the some expense and income from mortgages. Kim Langille Featured on thess site is an unlicensed mortgage assistant only, not a Mortgage Consultant. Jordi Browne featured on this site is the Mortgage Broker of record. “The Broker” is Jordi Browne. Jordi Browne also holds a Life Insurance License and represents Verico Canadian 1st Mortgage Corp. Dave Browne featured on this site has a Life Insurance License too but is an independent agent– Jordi and Dave Browne co-broker life insurance files and share expenses, all income retained by Verico Canadian 1st Mortgage Corp. 

 

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