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Real Estate
Reply to "Property Brothers - big reno question"
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[quote=Anonymous]OP here - no idea about taxes on the furniture bonus in Canada but I would guess so. I don't mind the commentary on the show, but does anyone know the answer to my question? How do you finance a 100-200+k renovation if it's not going to proportionately increase the value of the home? What collateral would the bank have/what would the incentive be for them to finance such a huge reno on the home? Do the buyers take out two separate loans - one for purchase & one for renovation? Thanks![/quote]
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