Monday, June 27, 2016

Dream (basement) deferred...

After a lot of discussion and hand-wringing, Ashley and I decided to remove the finished basement. In our plan since Day 1, at a whopping $31K, it wound up being the only major ticket item we could finish later.

It felt like going from
Dream

To...
Reality

Ultimately, it made the most financial sense (can you hear me talking myself into giving up on the man cave dream?) to postpone that element of the dream home until a later date, and remain within budget.

Part of the problem was when we initially priced the house and got our Good Faith Estimate, we hadn't been to the other appointments (Design Center and Guardian).  Additionally, we overlooked two big ticket items: a walkout egress (~ $7K) and the Roman shower option ($1K) in the Master Bathroom.  So, with those additions, and other appointments, the basement was the easiest and most cost-effective casualty.

In hindsight, we probably would have budgeted differently and allotted enough money for a finished basement.  In particular, our elevation and hip roof was a big cost item (~ $27K) by itself.

Yet, the proverbial glass is half-full.  Thanks in part due to some other home bloggers who have shown pics of them finishing their basement, we feel confident that it's something we can and will do together (minus the drywall labor).  With careful planning, it won't be nearly as costly as RH quoted (though in all fairness, their estimate appears to be in the neighborhood of $30/sq. ft, which is what my amateur internet surfing says is about right)

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