Other Considerations and Options
Planning for the Unforeseen
It’s a good idea to set aside a percentage of your renovation funds to cover items not included in your renovation contract, for things you discover you’d like to add once work is under way, like extra or upgraded features, furniture, appliances and window coverings or for contingency.
A separate fund lets you make decisions easily, without having to renegotiate your financial arrangements or reapply for new funds.
Grants and Rebates for Energy-Saving Renovations
Across Canada, renovation grants and rebates are available from the federal and provincial governments and local utilities, especially for energy-saving renovations. If you qualify, they may help pay for some of your project’s costs.
The Small Print
This content is provided for informative purposes only. It does not constitute or substitute financial or other advice.
Marla Daniels assumes no liability in connection with the information provided.
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