Home Improvements :: The Purchase Plus Program
Transforming your new home
The Purchase Plus program is a Canadian mortgage product that allows clients who are purchasing a house to access an additional ten percent of the purchase price of their home for any custom home renovations or improvements that they would like to do.
Alair Renovations works together with your finance provider to deliver this program as the general contractor assisting in the design, construction, interim financing and warranty of these renovations. As a team, we turn a nice house into the perfect home.
The Value
- The Purchase plus program takes the strain off the client to come up with the finances required to complete the renovations with zero risk of renovation cost overruns
- Clients have the advantage of historically low mortgage rates, saving thousands on interest compared to a line of credit or other finance options
- Alair has a design team that gives the client a truly custom renovation experience
- Alair’s project management system allows clients to interact and get updates on the status of their projects online, 24 hours a day
- Alair covers all interim financing cost relating to the renovation project
- Alair provides a two year warranty on the renovation
- Alair only employs certified, licensed tradesmen, ensuring quality in service and workmanship
- Alair’s impressive buying power is utilized to bring the highest value to our clients on each renovation project
- Get your home exactly how you want it when you purchase without waiting to do renovations at a later date
Purchase Plus Program
| Orginal Purchase Price | $400,000.00 |
| Down Payment (5%) | $20,000.00 |
| Mortgage amount | $380,000.00 |
| Monthly mortgage payment | $1,701.01 |
| 10% of Original Purchase Price | $40,000.00 |
| New Purchase Price | $440,000.00 |
| New downpayment (5%) | $22,000.00 |
| New mortgage amount | $418,000.00 |
| Monthly mortgage payment | $1,871.11 |
| Extra costs to the client | |
| Downpayment | $2,000.00 |
| Monthly payment | $170.10 |
| Final project inspection | $250.00 |
| Standard LOC 40K @ 5% | |
| Monthly interest payment | $166.67 |
Eligible Projects
- Basement upgrades and finish
- Bathroom replacement and renovations
- Kitchen replacement and renovations
- Custom landscape projects
- Decks
- Complete flooring replacement packages
- Trim and door update packages
- Exterior window and siding replacement packages
- Complete interior upgrade packages including paint, plumbing and electrical fixtures
Start With The Best
The first and most essential step to renovating your home is choosing a quality contractor.
Each Alair location is locally owned and operated by industry professionals with extensive experience in quality renovations, custom home building and commercial developments. The background of our team translates into a superior knowledge of the building and renovation process who understand the importance of having a clear, well defined plan. At Alair we have a deep passion for building custom homes of outstanding quality and superior renovations. In fact, Alair Homes has been chosen on several occasions as the feature home builder in National and International magazines, as well as being a recipient of several awards for our outstanding projects and business practices.
Alair’s design consultants with degrees in both architectural and interior design bring to each project an unequalled expertise and talent. At Alair Homes we are proud to give our customers award winning homes and renovations inside and out.
The First Step
Call or email us to set up a FREE, no obligation meeting to discuss your renovation project.
Download your copy of the Purchase Plus Program brochure.
Read - Can I borrow reno money? Special in the National Post











