MARCH 12, 2019
Investing in your home has both short- and long-term benefits, but value-rich home improvement isn’t always about a huge kitchen reno or new bathroom reveal.
In fact, more Canadians are leaving the massive projects to the reality stars at HGTV and successfully tackling more practical projects in real life.
According to a recent CIBC poll, basic maintenance and landscaping were two most common areas for home improvement projects by Canadian homeowners in 2018, with 45 per cent of Canadians decided take on smaller projects and focus more on everyday wear-and-tear issues. Some chose to take on the work themselves while others decided to hire a contractor but the trend is clear: Bigger is not always better, and smaller projects can give a lot of bang for their buck.
“Staying on top of maintenance and repairs may not be as exciting as remodelling your kitchen, but these smaller projects can go a long way to brighten up your home and save you money down the road,” said Edward Penner, Executive Vice-President at CIBC Personal and Small Business Banking.
“Canadians continue to see the value of investing in their homes, but they’re taking a very practical approach by focusing on lower-cost projects this year. No matter how big or small the project, your first step is to figure out what’s needed, what you can afford and how you’re going to pay for it so you can enjoy your space without the worry of overspending and unnecessary debt.”
We agree. Small fixes can make a huge difference, which is why we created GripStrips – and why we strive to keep adding a variety of colours and sizes to our product lines while keeping the price tag affordable.