Decisions, Decisions, Decisions
In the last 3 weeks or so I have been obsessively doing a feasibility study on whether to finish the basement or not.  After all, it is a big decision to make since it translates to spending thousands of dollars.  We have been faced with this decision because we do plan to sell the townhouse in the near future.  Knowing that it is a buyer’s market right now, buyers can be more picky.  We have thought about lowering the price less the “perceived valued” of the basement but then that takes away the control from us because it’s giving the buyer the power to decide how to value the basement and will be reflected on how much they would offer for the house.  We need to make the house be on par with the other houses in the neighborhood and we only realized that all have finished basements. It only makes sense too because since we have a 1,200 sq ft town home, living space is at a premium. Being able to to sell the house for a good price will enable us to come up with a targeted down payment for the next home. [Read more...]