New mortgage programs in the United States are starting to give breaks to those who are planning to renovate existing homes to make them more accessible. Buyers can use up to 75% of the appraised value for the renovations, but the renovations must be completed within a year and can be used for major projects with the exception of anything that would qualify as a teardown. As low as 3% down is possible if the applicant meets all the credit and income requirements. With so many homes in dire need of repairs, and accessible homes demand on the rise, Canada should follow suit. Read the full article here.
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