| DECEMBER 2021 | WHAT’S IN THIS ISSUE?|
» Is it worth it to finish your basement?
» Ready to downsize? Four tips to help the process go smoothly
» New year, new town: 3 cities on the rise in 2022 Is it worth it to finish your basement?
Basement remodels are often left on the backburner. But when the decision is made to sell, the matter becomes more pressing. The question becomes: How much more could I get if the basement were finished?
As with most renovations intended to increase sale value, deciding whether to make that lower level livable depends on the particular circumstances of the home. Here are three key factors that should be considered before taking the renovation plunge.
Can you do the work yourself?
This doesn’t mean are you simply capable of throwing up some drywall. If you can DIY some or all of the basement renovation with results that are both up to code and reasonably attractive, then it may be a worthy investment. You’ll save a lot with DIY, and likely improve your potential ROI.
Are finished basements normal for your neighborhood?
If your house stands out negatively because of its lower level, it’s worth considering finishing it. Generally, you don’t want the house you’re selling to be too far outside the standards for the area. If the perceived value of your home is too low to potential buyers, it may hurt the number and quality of offers you receive.
What are your local building codes?
In some areas, for a basement to be listed as finished, it may need egress windows or its own entrance from the outside. These features come with additional costs and usually require paying for specialist labor. If your main goal is to recoup more money than you spend, these pricey add-ons can make that goal much harder to achieve. Ready to downsize? Four tips to help the process go smoothly
Downsizing is a great way to free up assets and reduce responsibilities. But it comes with some shrinking pains along the way. Here are four tips to help the process go smoothly.
1. Be realistic
Going from 2,000 sq. ft. to 100 sq. ft. means discarding nearly everything you own. For most, that’s unrealistic. Consider your new lifestyle, and what you’ll need to be comfortable and happy. Structure your reduction with that vision in mind.
2. Start early, work steadily
Moving is hard. Letting go of a big chunk of your possessions in the process is even harder. Give yourself time to work through the process; a minimum of three months is recommended.
3. Set a strategy
One popular decluttering method is to go room by room, categorizing items as Keep, Donate/Sell or Discard. You can also set aside heirlooms to pass on to friends or family. Once the categories are set, stick to them rigorously.
4. Remember your goals
The downsizing process sometimes gets overwhelming. Try to keep your reasons why in mind: an easier way of life, saving money, traveling more, etc. Use these goals to stay focused and moving forward. New year, new town: 3 cities on the rise in 2022
People are on the move as remote work continues to change the way we live. Here are 3 U.S. cities that are predicted to see major population growth in the coming year.
1. Frisco, TX
2. Fort Myers, FL
3. Seattle, WA
Life @ Home eNewsletter: December 2021 [Sellers]
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