Why Move When you can Renovate….
By adding space to an existing structure, you are able remodel the entire house. Attic space can be replaced by new bedrooms. Planning your home with an architect and receiving approval from city hall can take some time but hey the benefits of staying put in the Neighbourhood you associate with home is great.
Here is a basic summary of the process:
The Planning process – working with an architect
Permits – Demolition/Building
Construction
Throughout the process, government will be involved to ensure the plans are designed to the right standard. Permits are issued to allow work to begin on the site. During construction and upon completion an inspector could visit the site to ensure proper compliance with the law’s and regulations. If non-compliance is found a fine could be levied and the site will be shut down.
Renovating can save you dollars in commission and add dollars to your homes value when you do decide to sell. Please note the government may re-assess your home and give it a new value for tax purposes be prepared for this.
Enjoy your new space!
Source…. Rob “torontorealty” Paterson
