Renovating my property facade!

The deadline to apply for the City of Toronto Facade Program is close!  

Thursday, May 18 2017 is the last day to submit your application.

           

What is the facade program?

The Commercial Facade Improvement Program (CFIP) provides grant funding to commercial and industrial property owners who are redesigning, renovating or restoring the facade of commercial and industrial buildings. This could include replacing or repairing windows, doors, front lighting, awnings, brickwork, signage, or making building entrances wheelchair accessible. (Toronto.ca)

Photography by City of Toronto

 

Why do it?

There is various reason why you should be thinking on apply for this program.

First of all, if you have considered improvements to your property this program is a great way to reduce your cost. The programme will provide grant funding of up to 50% with a maximum of $10,000 for your facade renovation. The application can be accessed from the City of Toronto website. Follow the link or search for Commercial Façade Improvement Program.

Alternatively, contact the BIA office directly at 416-392-1005.

Remember you have to look at the application to find out if you are eligible and how much can you be eligible for.

If you have not already considered a building facelift, the positive impact is exponential, benefit your business, the street, the community and by extension the local economy.

Photography by City of Toronto

First impressions mean a lot and the entrance to your business is where the first impressions are made.

Renovating the facade also helps to improve the appearance of the street overall. In turn, this contributes to a safer and more inviting environment, which attracts more people, is more likely to appeal to those beyond just the neighbourhood and ideally increases the time they spend on the street.  Like a domino effect, once the first piece drops every other piece drops as a result.

The beautiful upward cycle is that more people will create more business which creates more people and more beautification. This ultimately benefits the neighbourhood as a whole contributing to the place-making of Eglinton West within Toronto.

According to the United Way “for most cities, neighbourhoods are the constituent elements and are determinants of the cities’ ultimate success”.
Now, you may think that by renovating your property will not, by itself,  have any effect but consider Bandwagon psychology; this is the phenomenon in which people do something primarily because other people are doing it (Investopedia). In conclusion, if you renovate your property your neighbours are more likely to do so and their neighbours and so on.

Especially when they see the beautiful eye catch results!

If you want more information about the Facade Program and how to apply go to  http://ow.ly/4i2F309WaUg

 

Bibliography

http://citeseerx.ist.psu.edu/viewdoc/download;jsessionid=75638C0F5302EE14A433D0747ED4AAF4?doi=10.1.1.599.6708&rep=rep1&type=pdf)

http://www.investopedia.com/terms/b/bandwagon-effect.asp

http://www.toronto.ca/311/knowledgebase/31/101000045431.html

 

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