Wanting to renovate your home?
Looking to update your existing or future home? Whether a simple facelift or extensive upgrades, we have different financing options that can either be integrated into your mortgage or stand alone. Discover how our solutions, such as our Home Plus Plan or Purchase Plus Improvements Plan, can elevate your home and financial possibilities.
Your step-by-step guide to renovating your first home.
Renovating your home is an exciting opportunity to improve your space and increase your home’s value. Use the guide below to explore each stage of the renovation process, from planning your project and understanding your budget to securing financing and bringing your vision to life. Whether you’re making small updates or taking on a larger renovation, you’ll find the information and support you need to move forward with confidence.
Tip: Consider getting an appraisal before and after your renovation to understand how your improvements contribute to your home's overall value.
Step 1: Plan your renovation budget
Understand your renovation goals and create a budget that works for you.
- List all the renovations you hope to do.
- Decide what amount you’re comfortable spending on renovations.
- Get estimates to understand how much each renovation might cost.
- Think about what’s most important to help you stay within your budget.
Step 2: Explore financing options
Understand your renovation goals and create a budget that works for you.
- Talk to a Mobile Mortgage Specialist or Financial Advisor about your options.
- Understand how much you may be approved for.
- Explore renovation financing options, including Home Plus Plan (HPP), Purchase Plus Improvements Program (PIPP), line of credit or personal loan options.
- Once financing is secured, start your renovation and bring your vision to life.
Tools to help you plan your renovation.
Common questions.
Here’s what people ask us the most.
-
There are several ways to finance your renovation, including options that can be integrated into your mortgage, such as the Home Plus Plan and Purchase Plus Improvements Program, or other options like a line of credit or personal loan.
-
Start by creating a renovation budget and getting estimates for your planned improvements. Our calculators can help you understand your finances and how renovation costs may fit into your budget.
-
Our Home Plus Plan allows eligible homeowners to access funds using the equity in their home. These funds can be used for renovations and other projects, depending on approval.
-
An appraisal before and after your renovation can help you understand how improvements may impact your home’s overall value and track the results of your investment.
-
It’s a good idea to connect early in the planning process. A Mobile Mortgage Specialist or Financial Advisor can help you understand available financing options and determine what may work best for your renovation goals.
Your renovation is ready when you are.
Whether you’re just planning or ready to pick up a hammer — our advisors are here to help you find the right financing for your project. Book a time that works for you.