Prepared by LeSolace Corporation May 1, 2026
Purchase Plus Improvements: Buy the Home, Then Make It Work
Not every home is perfect on closing day.
Sometimes the right property needs work. New flooring. A better kitchen. A bathroom update. Paint. Windows. Maybe repairs that make the home more comfortable and functional.
That is where Purchase Plus Improvements can help.
This program allows qualified buyers to add renovation costs into the mortgage when purchasing a home. Instead of paying for improvements with credit cards, personal loans, or draining savings after closing, the renovation money can be included in the mortgage structure.
In many cases, eligible improvements can be financed up to 20% of the value of the newly purchased property.
The process is organized upfront.
The buyer provides a list of planned upgrades, estimated costs, contractor contracts, and any required permits. An appraisal is then completed to review the property’s value before and after the improvements.
On closing day, the improvement funds are advanced to the solicitor and held back. The buyer completes the renovations, the work is verified, and then the funds are released.
That part is important. The money is usually not handed to the buyer on closing day. It is held until the work is completed and confirmed.
This can be a smart option for buyers who find a home with good potential but do not want to wait years to make the improvements. It can also help buyers compete in a market where fully renovated homes are often priced higher.
Common improvements may include flooring, kitchens, bathrooms, windows, doors, roofing, electrical, plumbing, heating, cooling, and other permanent upgrades that improve the property.
It is not for every file. The improvements need to make sense. The value needs to support the numbers. The borrower still has to qualify. Quotes and documents need to be clear before approval.
If you want a breakdown of how this works within a full mortgage strategy, you can review it here:
https://lesolace.com/residential
But when it fits, Purchase Plus Improvements can be a practical way to buy a home that needs work and finance the upgrades properly from the beginning.
For many buyers, the best home is not always the one that is already finished.
It is the one they can improve.