5 tips for completing a successful renovation

1. Know what you can afford

Understand how much renovation you can afford by meeting with a lending specialist. They’ll help you choose the best financing option—such as a Renovation Mortgage—so you can budget accordingly.

2. Know your timeframe

Ensure that your reno makes financial sense for the length of time you are living in the home. If this is your “forever home,” adding an addition or larger-scale project makes more sense than if you plan on moving in a few years.

3. Hire a reputable contractor

We recommend choosing one that is certified and a member of the Manitoba Home Builders’ Association (MHBA), and subject to a code of ethics, a code of disciplinary action, and membership to a third-party home warranty program. Check their references and spend time getting to know them in a consultation before signing on. Personal rapport and attitude are as important as professional reputation. Communicate every last detail of your wish list, and prioritize according to ‘must-haves’, ‘nice-to-haves’, etc. Be specific, including details such as the direction you want your tile backspace to be mounted to the precise distance of a light fixture from the ceiling.

4. Keep the contracts in order

Ensure that detailed contracts are in place and contingencies are documented in writing and signed by both you and contractor before work begins.

5. Keep everyone aligned

Make sure all parties—every adult in the household and your contractor, too—is aligned on design and materials. Keep a binder or idea board with pictures or samples of each finish, paint, and tile on hand for everyone to consult.