According to a recent survey conducted by Financeit, a Canadian lending company, 39 per cent of Canadians plan on postponing or reducing the scope of their renovation, while 18 per cent plan on postponing their renovation plans for at least 12 months or indefinitely.   The first thing to consider is whether the renovation can wait. Some renovations are essential and cannot be ignored for long – even with budgetary constraints. For instance, a leak in your roof or foundational repairs like a cracked wall. A minor repair can prevent a bigger disaster, and the possibility of you having to shell out a lot more at a later stage.  Cosmetic renovations, whether major ones like replacing kitchen titles or minor ones like painting the walls, may be able to wait — unless you plan on selling your home.