Please pardon the puns but often humour is a great way to break the ice during a stressful time.
Here are five reasons to consider renovating your home during COVID this year.
1) Spend your travel money wisely, grasshopper
Now is a great time to improve your living space and love where you live. Chances are that you have not been traveling much and you may have some extra cash saved at the moment with no future travel plans. Why not improve the environment that you are currently spending the most time in?
2) The uncertain real estate market
Is the real estate market hot, or is it cold? It depends on who you talk to but the general consensus is that the inventory levels are low. While there is considerable demand for certain property types especially in the entry-levels of the market, there is lower monthly sales volume across the board.
3) Interest rates are way down low
The Canadian banks are offering extremely low-interest rates and if you are considering borrowing money in the form of a home equity loan or traditional bank loan, now could be the right time to do it. Check out our blog post on the 8 ways you can finance a home renovation for more ideas.
4) Make your home… homier
During uncertain times it can be wise to invest in your own property to build equity but also for peace of mind and comfort. A new renovation can help make your home feel more like home.
5) Build equity in your home
A new renovation often pays for itself in theory and it can add value and equity into your home so that when the real estate market is hot again, you have an attractive product that is ready to attract top dollar.
At Blue Ladder Projects, our business is open “as usual” during COVID but nothing is really , as usual, these days is it? We are adhering to strict safety protocols with all of our contractors and home renovation estimators and installers. To book a virtual consultation, please contact us.