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Would there be any chance of getting reno costs added onto the mortgage? If so, pros/cons?
We are planning to renovate, live in it for 1.5 years and then rent it out. We have purchased an OTP property so will move into that once it is built. Seems like the renovation costs are likely to be very high though.
It was advertised for $370k+ and took 8 months to sell. No idea what the final price was.
I put in offers for both properties and I will find out tomorrow. I think I may have better luck with the one that needs to be renovated. Fingers crossed
Hi CimbomWe are planning to renovate, live in it for 1.5 years and then rent it out.