The bathroom is on the left, and a small storage closet on the right. We discovered that not only is our basement ready for a toilet and vanity sink, but we also have plumbing for a shower. This was a surprise to us but of course we want to maximize our value, so we are increasing our budget a bit to pay for added shower.
The project is not going to be cheap and we knew this going into it. We worked out a payment schedule with our bank that has us paying off the entire 2000 sq foot project in three years. At the time I thought I was okay with this but then I saw the checks going out and the construction materials coming in and I realized I need it paid off NOW! My own personal psychology makes me hate any form of debt, even debt that increases our property value. To me an increase of property value is not realized until the property is sold, and I have no immediate desire to sell this place. So to me, the debt is the same as any other. I am beholden to someone and I hate it!
So I convinced my husband that we need to be aggressive with our budget. Utilizing my previous tightwaddery skills, I have reworked our budget and plan to put every last extra dime and penny toward this nagging debt. It will take work. It will take adjustment. It will be just like things were a few years ago when my husband went back to school and our income was reduced by 35 per cent. It will also be so very worth it.
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