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 home

The step-by-step guide below is a comprehensive guide tailored to support you at every stage of your renovation journey - from research to renovating. While some may prefer a hands-on approach, remember that we're here for you every step of the way. Feel free to dive into the process independently, but don't hesitate to reach out to us whenever you need guidance. Together, let's navigate through each step., starting with the first, and update your home.

Step 1

Identify your budget and renovation needs

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List all the renovations you hope to do.

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Decide what amount you’re comfortable spending on renovations.

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Get estimates to understand how much each renovation might cost.

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Think about what’s most important if you must stay within your budget.

Step 2

Explore and secure financing options

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Talk to a Mobile Mortgage Specialist or Financial advisor to understand the different financing options available to you as well as what amount you may be approved for.

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Research the different renovation financing options available to you such as our Home Plus Plan (HPP) or Purchase Plus Improvement Program (PIPP), which can be integrated into your mortgage. Or choose one of our other renovation financing options such as line of credit, personal loan, etc.

To be eligible for financing, we require vacation properties and cabins to be in Canada. Additionally, some requirements must be met when it comes to owned and leased lands, water, and sewer sources, heating sources, etc.

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Once you’ve secured financing, begin your renovation work, and bring your vision to life!

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Government assistance and programs available:

  1. SaskEnergy’s Residential Equipment Replacement Rebate: Rebates from $100 to $1,000 for replacing old equipment with newer, higher efficiency models.

  2. SaskPower Solar and Wind-powered Pump Grant: Grants for the installation and costs of a solar or wind-powered water pump system, covering 50% of the costs up to $500.

Why invest in renovations?

Renovations can help boost your property value, turning your investment into increased home worth. To measure the impact, consider getting an appraisal at both the beginning and completion of your renovation journey. This dual assessment ensures you not only track your progress but also gain a clear understanding of how each enhancement contributes to the overall value of your home. Invest wisely and watch your property flourish!

Meet our Mobile Mortgage Specialists

As a first-time homebuyer, we understand the importance of flexibility. Our Mobile Mortgage Specialists bring the branch to you, accommodating your schedule and providing personalized service, ensuring you can easily navigate the journey to your first home without any unnecessary stress.

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Have questions? That’s what we’re here for!

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Have questions about which mortgage option is most suitable for you?

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Ready to start your homeownership journey? Fill out this form and one of our Mobile Mortgage Specialists or Financial advisors will be in touch shortly.