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I thought I would pass this information along courtesy of my colleagues at The Mortgage Centre specifically for those clients considering a Purchase or Refinance Plus Improvements mortgage product.
In 2011, $63 billion was spent in the renovation sector in Canada, exceeding new home construction expenditures by approximately $20 billion. As housing stock ages, more renovation work will be required to renew and preserve the millions of homes already built. Renovations are popular as they provide a way to update the interior and exterior of a home, add space and address problem areas.
One of the easiest ways to add new and enjoyable living space to a house is to build a deck or patio. There are many green features that can be included in the renovation project that will reduce its environmental impact and conserve resources.
Quick reference: green deck & patio features
Occupant
health/healthy indoor environments
- Use materials with low pollutant emissions and low-VOC
paints or stains
- Include details to prevent moisture damage to house
Energy
efficiency
- Install energy-efficient lighting
- Protect existing trees or shrubs that provide shade or
shelter for the house
Resource
conservation
- Material choices: certified forest products, materials
with low embodied energy
- Durability, resilience & serviceability:
low-maintenance, durable materials, durable & easily cleaned surfaces
Reduced
environmental impact
- Manage demolition and construction waste
- Reuse materials where possible
- Recycle materials
- Select products and materials with low pollutant
emissions
Affordability
- Avoid expensive future problems by identifying and
addressing hazards at the beginning of the job
- Support low maintenance and replacement costs by using
quality, durable materials
To
learn more about other sustainable technologies and practices that can improve
the performance of your home as well as information on owning or buying a home,
visit www.cmhc.ca or call 1-800-668-2642.
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