A Vancouver home renovation can be a lot of fun, but your costs can easily spiral out of control. That is why, if you are working within a budget, it is important to know where to save and where to splurge so you get the biggest bang for your buck. So what are the top savings and splurges to go for? Where to save on your Vancouver home renovation The top place to save on your Vancouver home renovation is with your flooring. There are now many beautiful flooring options that are also affordable. It is also easy to scratch a floor, especially if you have pets or children in the home. Flooring is also generally not a make or break issue for renters and home buyers, meaning splurging on it will not help you with your property value.
The end of winter is finally here – and you may find yourself looking forward to planning a spring home renovation. But what are trendiest new looks for spring? If you need a little inspiration for your spring home renovation, we have you covered… 1. Marble Photo credit: @parkandoakdesign Classic and classy, light coloured marble brings an elegant look to your Vancouver home. Pair it with warmer colours or wood to keep your space inviting. If you love the look of marble but find it out of your price range, consider Laminam as an alternative. This new Italian porcelain product can the style of marble to your spring home renovation, without breaking the bank. Ask your renovation professional about porcelain as well. 2. Skylights Photo credit: Velux Spring is a time for brightness, including in
Planning a Vancouver home renovation can be exciting. You get to chose your inspiration, style and materials. When making all these choices, it can be easy to find yourself spending more than you expected – or wanted – to. That is why it is important to set a budget for your Vancouver home renovation. But how do you set a budget for your Vancouver home renovation – and stick to it? 1. Have a goal in mind What’s the purpose of your Vancouver home renovation? Making your home more family-friendly? Adding to its resale value? Flipping it? While these options are not mutually exclusive, you want to make sure you have one primary goal in mind for any renovation. That way, when you are trying to figure out where to splurge and where to save, you can decide how to
Worried about climate change? What about skyrocketing electric bills? One way to help with both is renovating your home to make it more energy efficient. Not sure how to do that? Here are a few easy ways to get started… 4 ways a renovation can make your Vancouver home more energy efficient 1. Get more natural light A renovation can add well-placed windows and skylights, maximizing the natural light in your Vancouver home. That natural light will decrease the number of lights you need on during the day, allowing you to use less power. As an added bonus, you will get more natural light throughout the year, which will help you fight the Vancouver winter blues. The other way to make your lighting more energy efficient is to change your incandescent light bulbs to LEDs. LED bulbs are much
It is important to know the dos and don’ts of income property renovations. You cannot maximize the return on your investment property without considering taxes. That is why, in preparation for tax season, we are giving you our tips on how to claim the costs of your income property renovation. Our top tips on how to claim the costs of your income property renovation 1. Know what you can claim When it comes to taxes, it is important to know what you are able to claim. One of the main categories you can use to claim the costs of your income property renovations is capital expenses. What are capital expenses? According to the Canada Revenue Agency, they are “renovations and repairs that extend the useful life of your property or improve it beyond its original condition”. For example, if you