Have You Outgrown Your Home?

It may seem hard to imagine that the home you’re in today – whether it’s your starter home or just one you’ve fallen in love with along the way – might not be your forever home.
The good news is, it’s okay to admit if your house no longer fits your needs.
According to the latest Home Price Insights from CoreLogic, prices have appreciated 3.5% year-over-year. At the same time, the National Association of Realtors (NAR) reports inventory has dropped 4.3% from one year ago.These two statistics are directly related to one another. As inventory has decreased and demand has increased, prices have been driven up.
This is great news if you own a home and are thinking about selling. The equity in your house has likely risen as prices have increased. Even better is the fact that there’s a large pool of buyers out there searching for the American dream, and your home may be high on their wish list.

Bottom Line

If you think you’ve outgrown your home, reach out to a real estate professional to discuss local market conditions and determine if now is the best time for you to sell.

4 Tips for Refinishing Your Basement

You probably have an idea of your perfect basement fixed in your head, but there are many decisions that go into achieving the space you're envisioning. What are some commonly overlooked dos and don'ts that you should know before you begin to finish or refinish your basement?

1. Assess Structural Issues Before You Begin
If your basement has any structural damage, sagging joists or leaky walls, it is much easier to address these issues before you begin the renovation. It is best to take care of any potential problems now—you will thank yourself down the road.
2. Preplan the Order in Which You Will Build the Walls
It is significantly easier to build the walls on the floor and then put them in place than to build them upright, but this requires careful planning and a fairly large, open space.
Construct your outer walls first, and then work your way inward. If possible, you should build all the interior walls and place them somewhere out of the way before you start to put any of them up. This will ensure that you have space to work while you are constructing the final walls.
3. Complete Electrical and Plumbing Work Before Installing Walls
It is much easier to place your pipes if you do not have to cut through several studs in the process. Attach the pipes to your foam insulation—tape works, and it does not have to be permanently
attached—then place the wall in front of that. You will then be able to attach the pipes to the studs and nail the studs to the wall.
The one downside to this method is that there will be a gap between your wall and your foam insulation, slightly decreasing the available floor space once your renovation is completed. However, this method is much easier than the alternative, so you might want to consider whether you really need an extra few inches of floor space.
4. Consider the Room’s Airflow
If you are planning to divide your basement into separate rooms or areas, you will want to make sure that each portion has adequate airflow. Using long ducts with an inline fan can be a straightforward way to make sure that the heat from the furnace makes it all the way to the other end of the room. You can wire these fans to run all the time or to just turn on when your furnace turns on. They typically have their own control panel, so you will be able to easily access your inline fan when you need to.
Keeping these tips in mind can help make your basement remodeling as straightforward as possible. Call or email us today if you have additional questions.