Renovating a Home in Mississauga is cheaper than buying a New One
Are you tired of the dull look of your home? Do you want a new home that matches your style and personality? If you are thinking of selling your home and interested in buying a new property in Mississauga, it is time to reconsider your decision.
Current Real-Estate Scenario in Mississauga
According to Point2Homes, a premier Canadian real estate website, home prices have increased by 10.4 percent in comparison to last year. It means you will be able to sell your home at a great price. But, do not make a quick decision of selling your old home. It is because steady rise in the home prices has led to difficulty in buying new homes.
Why are Home Prices increasing in Mississauga?
According to the Globe and Mail, Canadian home prices will decrease in 2017. It is because there is a rise in the number of first-time home buyers who find high-priced homes out of their budget. But, the scenario is different for Greater Toronto Area. Higher level of demand and growing economy will continue to increase home prices in the area. And, because Mississauga is one of Toronto’s closest neighbors, home prices will continue to rise in the future.
Also, the new mortgage rule has not cooled off prices in the Peel region. With the introduction of the high down payment rule, home listings in Toronto city have decreased. And, it has increased the home prices in Mississauga.
What is the solution for Home Buyers of Mississauga?
If you are tired of your home, do not sell it. There is an affordable option of building a home of your dreams. You can renovate your current home and make it beautiful to suit your needs. There are many home renovation contractors in Mississauga area who undertake simple renovation work as well as complex remodeling projects.
Renovating a Home in Mississauga
Whenever you think of renovating your home, you must hire a home renovation contractor. It is best to let experts handle renovation work because a small error can ruin your chances of building a beautiful home.
Decide what kind of renovation work you want the contractor to do in your home. Once you are sure of the work, hire an experienced contractor. Also, make sure that the home renovation contractor has adequate knowledge of the permit regulations in Mississauga city. Before undertaking renovation work in the city, you have to know the following things:
Are you allowed to undertake renovation work on your property?
Mississauga city’s zoning by-law provides you with information regarding undertaking any renovation work on your property. It also involves details about the size of the structure and the parking area. If you wish to make any change to the existing structure, you will have to refer to the by-law before starting the work.
Do you require building permit for the work?
You are required to obtain permit for different renovation work such as constructing a porch, excavating the basement, repairing the private sewage system, etc. On, the other hand, erecting a fence, installing a siding, building a kitchen cabinet, painting the home, etc. don’t need a permit from the City of Mississauga.
Renovating a home and making it beautiful is a cheaper option than buying a new home. Selling your home and buying a new one can become an expensive task in Mississauga. So, hire an experienced home renovation contractor who can work for you and help you in building the home of your dreams.
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