The Challenge of Financing Your Backyard Home
As housing costs rise and urban spaces become more constrained, many homeowners are looking for creative ways to maximize their properties. Whether you want to generate rental income, create additional living space for your family, or invest in a sustainable housing solution, building a backyard home can be an excellent option.
However, financing such a project can be complex, requiring homeowners to navigate construction costs, zoning regulations, and loan options.
One of the biggest hurdles is securing the right lender. Unlike traditional home purchases, backyard homes and garden suites often involve construction financing, which comes with unique requirements. Many homeowners are unsure where to start or how to structure their financing to make their project feasible. That’s where Resimate’s partnership with RBC Construction Mortgages comes in—offering tailored financial solutions to turn your backyard home vision into reality.
Expand Your Property with the Multi-Units Program
Resimate’s experts are here to guide you through RBC’s Construction Mortgage Multi-Units Program, which helps homeowners add up to five new housing units to their property. This program opens up opportunities like:
- Rental Income Generation: Build garden suites or duplexes to boost your income.
- Multigenerational Living: Provide independent living spaces for aging parents or adult children.
- Innovative Housing Options: From modular homes to laneway homes, explore flexible solutions tailored to your needs.
Eligible projects include conversions to duplexes or triplexes, standalone structures like garden suites, and permanently fixed modular homes.
Build Your Dream Home with Confidence
With an RBC Construction Mortgage, financing your dream home is straightforward. Resimate’s team of experts will ensure you have the support you need to:
- Combine lot purchase and construction costs in one simple financing solution.
- Take out equity from your existing home to build the backyard home.
- Navigate the complexities of construction financing for prefabricated, modular construction (like our units!).
Why Work with Resimate & RBC?
Building or redeveloping a property can feel overwhelming, but Resimate makes the process seamless. Our network of experienced professionals will guide you every step of the way, from understanding financing options to connecting with trusted contractors.
With in-depth knowledge of RBC’s Construction Mortgage options, our team ensures you have access to the tools and resources needed to bring your vision to life. Whether it’s creating additional housing units or designing your forever home, we’ve got you covered.
Let’s Make It Happen
At Resimate, we’re committed to helping you achieve your goals. Book a call with one of our financing experts today to explore how we can help you:
- Plan your project with a detailed budget and timeline.
- Secure the right financing solution for your needs.
- Connect with professionals to streamline construction and ensure success.
Book Your Call Today Turn your property dreams into reality. Resimate is here to guide you every step of the way. Let’s build something amazing together!
