Verico Summit Mortgage Services Inc. 1.888.707.0883 or 705.645.8645

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First mortgage or renewing soon?

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Think outside the bank

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Your interests come first

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First home or vacation getaway?

First home or vacation getaway?

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mortgage broker Muskoka, Muskoka, Mortgage, Commercial Property, Lending, spring renovations, basement renovation, Banks, National Bank, Real Estate, Summit Mortgage, private lending, loans, first time home buys, second mortgages

Spring into a finished basement for added space and savings

Hard to believe with all this snow, but spring is just around the corner.

If you need money to start that renovation, you’ve been thinking about, call us at Summit Mortgage – we’re here to help! And, after a winter of hibernation, the spring is a perfect time to begin renovation projects that will impact your home’s overall energy efficiency and save you money. An unfinished basement can be a major source of energy loss costing you more on your heating and cooling bills.

Finishing your basement is a renovation project that will keep your house cool in the coming summer months and reduce energy consumption.By simply finishing the space with wall and floor coverings, you will notice a difference on your energy bills. A renovated basement offers more than additional storage and living space. It can provide room for a growing family or a space where you can retreat for some privacy.

Insulation is a key component in making your basement look and feel comfortable, inviting and dry. For the best results, install a rigid board insulation (like Roxul ComfortBoard IS) against the concrete foundation before you stud the wall. The board is mechanically fastened or adhered to the concrete foundation wall, preventing thermal bridging through the studs, offering a higher R-value and better thermal performance. It will ensure your basement is not a source of energy loss, but rather an inviting space all year round.

Of course, if you need money for that renovation, it might be right there in your home. Summit Mortgage can help you know if you have equity you can take out to complete the renovation you want – and that may save you money over the long term.