Cost-Effective Exterior Renovations that Could Help Sell Your Home
Investing in the exterior of your home is important. Not only can exterior home renovations like adding a new roof, windows, or doors add immediate benefits and curb appeal, they have the potential to increase the value of your home and give you a greater return on investment (ROI) when you decide to sell.
More than half of Canadians renovated their home during the pandemic for personal or “non-ROI” purposes. 29% chose to renovate for non-essential “lifestyle” reasons, such as recreation-inspired projects, while 16% of Canadians renovated to increase the market value of their home to sell within in the next one to three years.
Similar to interior home renovations, not all exterior renovations are created equal, with some costing much more up front, while others are relatively more cost-effective.
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Investing in the exterior of your home is important. Not only can exterior home renovations like adding a new roof, windows, or doors add immediate benefits and curb appeal, they have the potential to increase the value of your home and give you a greater return on investment (ROI) when you decide to sell.
More than half of Canadians renovated their home during the pandemic for personal or “non-ROI” purposes. 29% chose to renovate for non-essential “lifestyle” reasons, such as recreation-inspired projects, while 16% of Canadians renovated to increase the market value of their home to sell within in the next one to three years.
Similar to interior home renovations, not all exterior renovations are created equal, with some costing much more up front, while others are relatively more cost-effective.
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Can Housing Upgrades Affect Your Insurance?
There’s a lot to consider when you decide to renovate. Aside from choosing the right tile for your new backsplash or the perfect shade of paint, you have to think about insurance. Though home insurance isn’t mandatory in Canada, most mortgage lenders require it before financing, and it can help protect your property and home contents against damages.
Canada’s home renovation sector is now an $80-billion market with a recent survey indicating that 27% of Canadian homeowners have renovated during the pandemic, and another 20% plan on tackling renovations in the near future.
While some renovations can be costly, they can help increase the value of a home. Regardless of the size of your renovation, it’s always important to consider how any improvement will affect your home insurance so you can ensure you don’t run into any implications or added costs.
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There’s a lot to consider when you decide to renovate. Aside from choosing the right tile for your new backsplash or the perfect shade of paint, you have to think about insurance. Though home insurance isn’t mandatory in Canada, most mortgage lenders require it before financing, and it can help protect your property and home contents against damages.
Canada’s home renovation sector is now an $80-billion market with a recent survey indicating that 27% of Canadian homeowners have renovated during the pandemic, and another 20% plan on tackling renovations in the near future.
While some renovations can be costly, they can help increase the value of a home. Regardless of the size of your renovation, it’s always important to consider how any improvement will affect your home insurance so you can ensure you don’t run into any implications or added costs.
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Oshawa, Ontario: Embracing Change in the Durham Region
Oshawa, Ontario is a city in transition. What was once known as the automotive capital of Canada is redefining itself as a hub for education, science, and technology.
It’s a city with historic landmarks and attractions, yet Oshawa’s personality is being driven by youthful residents who are passionate about arts, culture, and innovation. No doubt, the three post-secondary schools within Oshawa—Durham College, Trent University, and Ontario Tech University (formerly the University of Ontario Institute of Technology)—are partly responsible. The temporary stop to automobile manufacturing in the city is another reason for the shift in character.
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Oshawa, Ontario is a city in transition. What was once known as the automotive capital of Canada is redefining itself as a hub for education, science, and technology.
It’s a city with historic landmarks and attractions, yet Oshawa’s personality is being driven by youthful residents who are passionate about arts, culture, and innovation. No doubt, the three post-secondary schools within Oshawa—Durham College, Trent University, and Ontario Tech University (formerly the University of Ontario Institute of Technology)—are partly responsible. The temporary stop to automobile manufacturing in the city is another reason for the shift in character.
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To support the change, one of the province’s Regional Innovation Centres—the Spark Centre— has made its home in Oshawa. Spark is dedicated to entrepreneurs, offering advisory services, office space, and day-to-day operational support to help launch, develop, and grow new businesses. Of course, being a short 60-kilometre drive from Toronto, there are plenty of employment opportunities for residents without an entrepreneurial path.
Oshawa is the largest municipality within the Durham Region, which also includes Ajax, Brock, Clarington, Pickering, Scugog, Uxbridge, and Whitby. It’s also considered the eastern anchor of the Greater Toronto Area (GTA), with Go Transit providing easy access to the GTA and other communities within the Greater Golden Horseshoe region of Southern Ontario.
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Oshawa is the largest municipality within the Durham Region, which also includes Ajax, Brock, Clarington, Pickering, Scugog, Uxbridge, and Whitby. It’s also considered the eastern anchor of the Greater Toronto Area (GTA), with Go Transit providing easy access to the GTA and other communities within the Greater Golden Horseshoe region of Southern Ontario.
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Oshawa offers many entertainment and education, recreational fun, and culinary experiences. This includes tasting local and ethnic cuisine in the downtown core, watching a hockey game or musical performance at the Tribute Communities Centre, or exploring the city’s automotive and industrial past at one of the museums. Speaking of history, Parkwood Estate is perhaps the most famous attraction in Oshawa. This lavish property was once home to Robert Samuel McLaughlin—the founder of General Motors of Canada—and is designated as a National Historic Site, along with being one of Canada’s oldest grand estates.
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