Page 6 - Real Estate Now May-June 2022

Milestones
Throughout a complex project like this, several inspections and approvals must take place at key points. Once
construction begins, a building inspector must approve the new structure, framing, electrical, and plumbing. These
will need to meet building codes before drywall and any finishing elements are applied.
Project milestones can also be tied to the type of financing you’re using to fund the project. Construction loans are
paid out based on how much of the project has been completed, as they want to ensure the money is actually being
used for home renovations.
Finishing touches

Once all the milestones and inspections have
been reached and passed, your contractor will
install insulation, drywall, flooring, mouldings, and
fixtures, then perform their cleanup. Now all that’s
left is applying your favourite paint colours and
deciding on furnishings and décor.

By this point you’ll be eager to get back into your
home and just bask in the spacious glory of your
upgrade.

While we’ve made it sound pretty quick and painless,
remember this is a complex project that will take
careful planning and the help of professionals to
complete. Remember to take your time and be
prepared for bumps along the journey. Above all
else, be patient, this too shall pass and your home
will be all the better for it—enjoy! ■

6 | REAL ESTATE NOW | LB@LoraleeBurns.com