Toronto-based contractors Basement Finishing Company are looking at recent developments in the industry and on the political landscape with optimism – so much so that they suggest now is the perfect time for homeowners to remodel or renovate their property.
The Toronto Building Industry and Land Development Association (BILD) recently stated at press conferences around the Toronto area this week that housing will be a key issue in upcoming municipal elections. This statement comes in conjunction with the association’s Build for Growth program. The program is BILD’s vision for “a partnership between residents, the building industry, and municipal governments across the region,” says BILD CEO and President David Wilkes.
These announcements provide further evidence that housing will be one of the most important municipal issues this election cycle. In its current state, the housing market around Toronto has suffered from a shortage of affordable housing, as well as challenges with sustainable growth and regulatory demands.
Those at Toronto’s Basement Finishing Company have some suggestions to help homeowners take part in this initiative. One way for current homeowners to take advantage of these changing conditions and help their community at the same time would be to consider a remodelling project. Considering a renovation project may not seem like the most intuitive response to a changing market, but the benefits could manifest in two significant ways.
First, possible changes in regulations by government agencies – including taxes, fees, and inspections – will be designed to make the buying process more fair and equitable for all of the citizens of the Toronto area. Builders hope that this and other goals outlined in the Build for Growth program will open up new segments of the market – those who may not have previously qualified due to current regulations may now have access to a new home. In this scenario, a remodel of a basement, kitchen, or even the whole house can make it much more attractive to potential buyers and stimulate growth by helping to convince them to buy.
A second way in which remodelling could benefit homeowners in a rebounding home market is by providing additional housing to the community. In this scenario, a remodelled basement or an addition above the garage could provide affordable housing for someone who needs it, and offer homeowners an extra return on their investment in the process.
Basement Finishing Company proudly serves the Toronto area and began their company with a desire to provide renovations that add value to the homeowner’s whole life – not just their home. In this way, the company hopes to keep that spirit going this renovation season by helping their clients make the most of newly rebounding markets. The company’s website, basementfinishingcompany.com, has more information about the complete renovation services they offer, as well as free consultation information.
Basement Finishing Company is a well-established company in Vaughan, Ontario, just north of Toronto. Their main goal is to help customers realize their dream of having a finished basement. They provide quality work at a reasonable price and have been serving the people of Vaughan proudly for many years.
Company Name: Basement Renovation Company
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