Plan Ahead to
Meet Your Lifestyle
& Financial Goals

Planning Ahead to Meet Your Lifestyle Needs

Your home is a very personal investment. While it's a mistake to ignore the financial aspects, it's equally wrong to neglect the personal side. Take a “lifestyle-first” approach to all your financial decisions.

Knowing your needs upfront will help you chart a sound financial strategy that meets your lifestyle requirements as well.

Consider your needs carefully. Architects recommend that you consider lifestyle questions first, then consider the structure that best supports it. For example, don't start by thinking about the details of your kitchen. Instead, consider the kind of cooking you like to do and how frequently you entertain. The same kind of thinking needs to apply to the other spaces in your home: bathrooms, bedrooms, decks, game rooms, home offices, etc.

A similar "lifestyle-first" approach also needs to take place when you consider the location of your home. In this case, your activities outside of your home are what matters.

How much of a commute are you willing to make? Do you like nature and outdoor activities or would you rather be close to shopping, movies, and theatre?

Some considerations are circumstantial as well. Do you have aging parents who will need your assistance? Are your own children growing up and would you like to be closer to them? The needs of your entire family should be factored in.

Once you are clear on your priorities, you can sketch out some criteria for your ideal dwelling, namely:

Number of bedrooms
Number of bathrooms
Type of kitchen
Living Rooms, family space
Specialty rooms (e.g., workshop, home entertainment centre)
Location (urban, suburban, rural)
Region
Trade Up Or Stay And Renovate?

Now it's time to get out the real estate and housing magazines and come up with several scenarios that fit your budget. A key question to determine is whether you want to sell your home and purchase one elsewhere, or stay in your home and renovate. It's best to come up with several scenarios.

Fill Out Our 4-Minute Flexi Line™ Application

With our Capital Direct® Flexi Line™ you can take what you need when you need it and pay it down when it works for you.

Pay us back at your own pace with minimum payment requirements. Pay some, borrow some more. It's a perfect way to deal with unexpected expenses or plan for your future.

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