Evaluate Future Maintenance and Reno Costs Before You Buy

Sinking money into residential property can be more expensive than you bargained if you’re new to investing. Maintenance and renovation costs, not to mention market fluctuations and tax considerations, can turn a promising investment into a money-losing regret.

We understand the value of homes—because we build, maintain, repair, and renovate them. Consult us to provide input during the appraisal or inspection phases of a prospective residential real estate investment before you decide to purchase. We’ll help you make sure you’re not underestimating the costs to renovate it for resale or tenancy.

Even if the investment is for you or a loved one to enjoy—i.e. the home you’ve always wanted, a first mortgage for a son or daughter, a retirement residence for your parents—we can weigh in on the value of the investment.

We’ll offer honest perspectives about:

  • the quality of the foundation and overall structural integrity
  • conditions of the roof, windows, doors, etc. with projections for replacement
  • interior maintenance and repairs required (and associated costs)
  • budget planning considerations for renovations, with estimates provided
  • how and where to split the residence to make room for additional tenants (and additional revenue)

Contact us to provide input during appraisals or inspections.

If want the property to convert it to a rental, iLUX Construction Inc. offers tenant management services.

 

Other Reno Services

Home Remodelling

Kitchens and Bathrooms

Finished Basements

In-Law Suites