You know the good news: if you've found your "almost" dream home, there's a financing solution to make it just right for you. But what does almost cover? Let's take a look at what renovations are eligible for a purchase plus improvements mortgage.
We've written before about the importance of a home inspection when you're buying a property. Even if you're pre-approved for a mortgage, your lender may hesitate if there's something slightly unusual about the property you choose. Your home insurance company also wants to make sure your property is in good condition. Allstate Canada conducted a survey earlier this year that shows 1 in 4 homebuyers had problems after buying their home that could have been caught by a home inspection.