3 Reasons to Hire a Professional Plumber in Barrie

No one wants to deal with plumbing issues, but sooner or later there may come a time when you have to. Luckily, there are plenty of experienced and educated professional plumbers in Barrie who can help. Before you start worrying about costs or attempting your own DIY solution, it helps to understand what you’re actually paying for when you hire a plumber. Read on to learn the three main reasons why you should hire a professional plumber in Barrie.

1. Right Tools

You probably have a toolbox at home filled with basic tools like a hammer and screwdriver. While those tools are fine for simple updates around the house, they won’t be able fix a variety of plumbing problems. One big benefit of hiring a plumber is that they already own and know how to use the right tools for any job. Whether you have a leaky faucet or need to install a sump pump, a professional plumber will be able to help you out. Don’t spend money on tools you’ll never use again and instead invest in hiring a pro.

2. Years of Experience

Another major benefit of hiring a professional plumber is that they have years of experience. Before becoming a plumber, they must go through years of schooling and complete an apprenticeship. This way they can learn while earning years of real work experience. By the time a plumber is out on their own, they have likely seen your problem before and know how to fix it. You can trust that with their years of experience and knowledge, there’s no problem they can’t solve.

3. Safest Option

You might not realize it, but water is potentially dangerous to work with. Especially when it comes to big projects that could result in a flood if not done right. Don’t put your home at risk by attempting to solve a diflcult problem on your own. By hiring a plumber, you can trust that you’re doing the safest thing for your home. In addition to solving immediate problems, a plumber will also be able to see if there are any future problems lurking. This way they can address it before it becomes a bigger problem. By hiring a plumber now, you’re doing the safest thing for your home’s future.

How to Hire a Plumber in Barrie, ON

Before you hire a plumber, it’s important to get quotes from multiple companies. Take some time to read their online reviews and look at project photos. This way you can learn a little more about the company before you agree to hire them. Vivahpmepros makes it easy for homeowners in Barrie to get quotes from plumbers. Click here to fill out a quote request form. Enter in your project details and we’ll send them out to available pros in your area. They will respond to you and you can talk to a couple of pros before making a decision. You can also check out our Barrie cost guide to make sure you’re being fairly quoted.

No matter the size of your plumbing problem, you want to get it taken care of as quickly as possible. Instead of spending time trying to find a DIY solution or buying tools you don’t know how to use, get in touch with a plumber in Barrie. Either submit a quote request or research companies on your own. At the end of the day, you’ll be glad you invested in a pro instead of trying to fix your plumbing on your own.

Basement Projects in Vancouver Under $250,000

As you spend more time at home, you might start to notice the potential your home  has. For instance, you might be spending more time, or thinking about spending more time, in different areas of your home. Your basement just might be one of those spaces. Whether your basement is unfinished, unused and dated, or in need of a transformation, investing into the space has great value. Read on to see how homeowners in Vancouver transformed their basements.

Basement Suite Renovation for $210,000 in Vancouver

Imraan had the pleasure of working with Kingsmen Contracting to renovate his family’s basement suite. This renovation included a full gut of the space. Kingsmen Contracting transformed a dark, dated, crowded basement suite into a bright, modern, spacious suite.

Through updating and configuring the space, Imraan now has a fully functional unit including a TV room, a kitchen, and a bedroom. Take a look at all of the photos here.

In hiring a single company to complete these renovations, Imraan avoided any miscommunications between multiple contractors. This is especially important for this renovation as building out a basement suite requires abiding by any codes or permits. Without doing so, Imraan might have had to redo some of the work, costing him extra money.

Basement suites are a great asset to have, especially if you do not use the space regularly. Whether you’re renting it out or your kids are moving back home, this addition can add lots of value to your home. Having a kitchen, bathroom, and extra bedroom is a great asset to your home. Get connected with a pro to discuss your basement renovation today.

How to Leverage Your Mortgage for Home Renovations

To say owning a house is a major investment is an understatement. We work hard to save up and purchase a home, but that’s rarely where the spending stops. Home renovations are a big part of homeownership. The good news is that by already owning your home, you have options when it comes to finding money for renovations. One option is to use the mortgage you already have to finance your dream renovations.

Vivahpmepros connected with Alex Leduc, CEO & Principal Broker of Mortgauge to find out all the options current homeowners have when it comes to leveraging their mortgage for home renovations.

What options do homeowners have when it comes to leveraging their current mortgage to have renovations done?

Assuming the renovations are pretty substantial (above $5,000), homeowners can use home equity in two ways to finance their renovations cost-effectively.

Option 1: A Home Equity Line of Credit (HELOC)

A HELOC is secured against your home as collateral, which enables you to get a great rate. Instead of paying a standard unsecured line of credit rate in the 5-7% range (today), HELOC rates are around 2.95% (Prime + 0.50%). You can finance your renovations by drawing down on your line of credit if you have a high enough limit to do so.

Registering a HELOC is typically done when you first get a mortgage. Otherwise, getting a lender to register a “stand-alone HELOC”, meaning they have just the HELOC and not the mortgage, is easier said than done.

Option 2: Refinance

A refinance is when you increase your amortization to lower your monthly payments or your mortgage amount to take equity out of your home. We wrote an article that outlines the various scenarios that could justify a refinance. When it comes to renovations the key thing to remember is that refinancing is a great solution to pay for them. With today’s record low rates, our users are refinancing for as low as 1.84% (5 year fixed rate).

How does the appreciation of a home impact a mortgage?

Your ability to refinance is limited to the built-up equity in your home. This will increase as you pay down your mortgage or if your property value increases. In some core markets where property appreciation has been very high like Toronto and the GTA, it can be a significant amount. Here’s a realistic scenario of a refinance for the purpose of renovations in action:

10 years ago you bought a house for $500,000 in Etobicoke, Ontario and had a

$400,000 mortgage. With a 3% mortgage rate and a 25-year amortization, your monthly mortgage payment is currently $1,893.

Today, your home is now worth $1,150,000 and your current mortgage balance is


Lenders will typically lend you up to 80% of your property value, so this means you could pull out up to $645,000 from your home through a refinance, if you qualify. That should be more than enough to cover some very extensive renovations.

Let’s assume you take out $150,000 to pay for renovations. With a 1.84% interest rate, a

$425,000 mortgage and a 30-year amortization your monthly mortgage payment would now be $1,788. You’d have more than enough to pay for your renos and your monthly cash flow actually goes down!

Who can homeowners turn to for more information about their options or get the process started?

Having insight into your property equity and having a trusted mortgage partner that can help you run various scenarios is key to understanding what your options are. All of our Mortgauge users get monthly updates on their estimated property value and mortgage balance, along with an assessment of how much they could potentially refinance each property for. This is a free service we offer to all Mortgauge users.

People know the value of their stock portfolio, but interestingly don’t have too much insight into their real estate assets, which tend to make up substantially more of their wealth.

What’s one piece of advice that can help any homeowner assess financing options when looking to renovate?

Factor in the interest rate and the cash flow implications of each option. Two examples of getting $50,000 in financing:

Through a refinance at 1.84% and a 30-year amortization Monthly payments increase $181

Through a personal loan of 4% and a 10-year amortization Monthly payments increase $505

Refinancing is a very strong option because of the potential 30-year amortization (which keeps payments low) and the best rates. Personal loans and other options tend to have shorter amortization periods and can materially affect your financial position if your finances are tight to begin with.

Now that you know more about your options, you can feel more comfortable taking the next steps. Before you start planning your dream renovations, take some time to see how you can leverage your mortgage to help you pay for them. Check out Mortgauge to help you get started on this process. Once you’ve found the right option for your home, you can begin planning your dream home and the renovations it will take to get you there.