Home ownership is one of the biggest financial decisions we make and usually the costliest. For some people they would prefer to be life time renters for reasons their own personal reasons.
The permanence of having your own place means being responsible for the maintenance and upkeep rather than leaving it to a landlord. I believe the ratio of maintenance percentage is 10% of the value annually to attain this.
Our home is nearly twenty years old so some upgrades have been completed. All the bathrooms have been renovated have been re tiled, the floors and tub surround also a new glass shower in the master bathroom. These were done just in time as we found the start of mould forming in both bathrooms. The home was constructed prior to the cement wallboard used now to prevent mold from forming.
Although the windows are double glazed we are now considering upgrading them to vinyl. Also the extra insulation factor will help muffle the growing traffic noises since we moved here. One other thought is to install double French doors in place of the existing sliding glass door.
There are many questions to be answered as this is a new experience for us. Just wondering if this affects the inside finish, drywall or window sills in any way. And how much mess is left to clean up afterwards, it’s a given decision that we will have the install completed in the warmer months.
We have done new home construction previously, however this is really living in a construction zone. One or two estimates should be sufficient for comparison purposes as well we will check the Better Business Bureau for complaints. Hopefully we will not be required to cut back too much of the landscaping, which makes me think the early Spring may be the ideal time of year. Usually after we trim all the shrubs and trees close to the house it would allow easy access to complete the installation.
Relatives bought a new condo and the soundproofing the newer glass provides will be welcome to deaden the murmur of cars driving on what has become a very heavily used route. And really that’s the biggest issue that concerns us, aside from that it’s not like a new kitchen or something to stand back and admire how lovely it looks. Although the new French doors onto our back deck will be much more appealing to the whole look of that area.
It’s a large cash outlay but it is important to keep your property in good repair in order to recoup your investment later on. At some point, whether or we downsize or just feel ready for a change moving will become an option. The decision now is to use our savings or apply for a small line of credit to cover the cost involved.
Like all projects once you do one change another one comes to mind pretty quickly. The idea is to spread these upgrades out over the years instead of tackling it all at the same time.