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Admittedly, home renovations cost money. But the current low interest rates make it relatively inexpensive to borrow now. Your present mortgage lender could arrange the financing which can be added to the principal amount of your mortgage. the doldrums and little change in sight, this could be the ideal time to consider renovating, or putting an addition on, your home. This is particularly so if you are happy enough with your present house, but would like to make some improvements. With today's real estate market still in the doldrums and little change in sight, this could be the ideal time to consider renovating, or putting an addition on, your home. This is particularly so if you Weigh pros and cons of renovating home r/‘ " 9”" " , lllrj. .iirN"lriir' R Illrjl,'i'i',iilll'l'We'] ity' ...------'"-" "r"rN'r"P'", DAN COOPER “9%” Associate Broker bt',", gil l - 0 j‘ FOR YOUR NEXT MOVE IN, g l' a“ 'lt' CALL TODAY? tSiill iii' u e 338-6550 0% (llitilliill:ll "Siam/EW, 2f, 0%I r uh mud: 0391' long: or LIST PRICE olessi9:(2£ OF LIST PRICE 96.0%! 98.6%! a very good investment. You are likely to recoup most, if not all, of the money you spend on these two rooms when you eventually sell your home. If you should decide to renovate, there are some issues to be aware of. For one thing. be sure to investigate any zoning bylaws if you‘re considering an addition to your home. However, the most signifi- cant issues have to do with financing. tors anxious obtain quotes from order to obtain the _ Another plus is that soft economy. there are r such "Attem"bW_.odaxtkeerdtdtkt ae, "an9ouri,eatratuVarAs ospacsemi-detatttedtetthtanttlym0rP. .Air,oakcatttnetry,terasrslts,htishedlrsast Pt1"tt,egttgdd2thttttgf .0ahi1ttttetnstherlaces,den, une- novatm IS (an. WONHIJIIMSMH 'eettstmou*ea.dheehta0ege 'm,900 5409,000 5159,900 RtwSeasmsttrmdtane.Nqsrrmi,N0st" 1ahedetvsiastnentrat,4titte&rttmL tookatthepdcelhqdetathedallbdtk 3e1b&m,lhtksttedbasematthmnaadael fhksiteott_pthatekst,qtraded home.0pentontept,mhttumd.hugeyardl tm1NGHAM DRIVI or n ertam ROSS LANI s165,900 s269,900 s268,000 s599.900 st value HIGHS rk “hr )oms m nty m, is usually Juse of our ntrut be ure tor ntr "TIE m Besides the increased mortgage pay- ments, you should also budget for certain costs which may not be immediately will have to buy mortgage insurance on the total value of the mortgage as a result. Another thing to keep in mind if you're borrowing money is that it will result in higher mortgage payments. Your budget will have to take this increase into account. that your If It 'leuthutaaryexeortteetieehttld,2H0sqit '1ttdelbtmetondttittttthrvrellaptrt*tted. s322,900 Gorgeous “any but "Chambedaht" Soqlhwea gunk! lot, new decor. your m me OPEN HOUSE, SUNDAY, DECEMBER S/93, 1-4 pan. Don't miss thisi New Listing! Beautifully nnished split-level, premium southeast loc. Inground pool, Hedda room. family room, nrepiace, fully reftnishedi youve borrowing, more money tt j-iiff'iTi-iiirl-5TEiriiriiEriiii7 the costs of the renov ll )me does cent mort h 756,900 then 1110 mort the current nnounl ur mort 'ttons, ensure .m( llue VOU not So consider carefully features which are very bold or different. You may like them but they may detract from the resale value of your home. Moneycare is general financial advice by Canada 's chartered accountants. Philip Maguire is an audit manager with Sun Life Assurance Company of Canada. rem Jpparenl Don't miss! 1,100 sq. ft. townhome. beautiful! Y, w/o, 3 baths, fully dammed. Arman al I Over 1700 . ft. upgaded. MI $.u6/Vw. CIA, In tub, who. parent. For example, there may be ;al and appraisal costs involved in lewing your mortgage. There could o be increased property taxes as well any charges for permits and plans. Most buyers are usually willing to pay good renovations rather than spending ot more for a new or different home. consider carefully features which are y bold or different. You may like them t they may detract from the resale ‘183,500 '239900