As per the HomeStars 2022 Reno Report, 27% of Canadian homeowners don’t have the cash in hand to take on their home improvement projects. If you are shying away from getting a new deck, redesigning your kitchen cabinets and updating tiles in your bathroom due to a lack of funds, we have come up with an easy solution: The HomeStars-Perch Partnership! HomeStars has joined hands with Perch to help Canadian homeowners achieve their home renovation dreams by refinancing against home equity. You can use a Perch calculator to check your eligibility & get approved for a loan. Once you have the funds, you can hire a reputable and verified local pro from HomeStars to do the work for you!
Here are 3 reasons why you should not let this golden opportunity pass by:
1. Get Hands-on Help With Budgeting
At HomeStars we help homeowners to plan their different renovation and home improvement projects. Our popular cost guides with prices reported by Canadian homeowners help you plan and budget various projects. You can check approximately how much a plumbing or landscaping project can cost you in your city. You can also check out easy-to-use budget calculators for bathroom renovation, kitchen renovation and painting projects to create a cost estimate. But most importantly, your pro can also help you with the cost estimate for your project. When you submit a service request from HomeStars and discuss project details with a pro, make sure you talk cost estimates before signing on a dotted line.
2. An Easy Online Approval Process
In just 3 simple steps, you could be approved for your loan to help complete your home renovation project. Use the Perch calculator to calculate your eligibility, fill out your property & mortgage details, and enter information about how much you want to borrow to get started on the pre-approved process. If all parameters are met and all your information is properly submitted to Perch, on average it takes 1 day for Perch to review and approve the refinance application. The average time from starting the refinance application to closing is a maximum of 41 days. So once you make the application, you can discuss the design and other project details with your contractor. And once the loan is approved, your contractor can start the work.
3. Assurance of Trusted Brands
When it comes to financing, you want to partner with a trusted brand. HomeStars is Canada’s biggest and most trusted marketplace that connects project-ready homeowners with verified local pros. It relieves Canadian homeowners’ anxiety and puts their minds at ease knowing they’ve hired a vetted, highly rated home service professional. More than 8 million Canadian homeowners have used HomeStars. With over $100M in funded mortgages and a 5-star rating on Google, Perch is Canada’s homeownership platform. Perch helps save users an average of $1,500 per year in mortgage interest. You won’t find such an ideal partnership for your upcoming home renovation project.
So get started on your home renovation project today! Visit the HomeStars-Perch financing page for more information.