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As soon as you took out a mortgage, you probably couldn’t wait 
until the day when it was paid off. But when that day finally comes, what should you do? Don’t kick up your feet just yet…it might be a good idea to put some careful thought into what you’ll do with the extra money.
Once you no longer have a mortgage payment, a big chunk of your monthly income is now freed up for other goals and expenses. To make sure you don’t fritter it away, it might be a good idea to put it in an emergency fund for future home improvements. Consider creating a separate savings account specifically for it to avoid any temptation to spend that money on something else.
“Assuming your kids’ college funds are taken care of, your retirement fund is growing and your savings account is robust, it makes sense to put this new disposable income aside every month for future home improvements,” said Normandy Designer John Long. “Investing in the upkeep of your home so it doesn’t lose value is always a good idea.”
You don’t need wait until you make your last payment to work out your home’s top renovation priorities. Get prepared now and set up a time to talk with John about the best way to keep your home in shape for your long term benefit. You can also learn more about additions, kitchens or other remodeling projects at an upcoming workshop. Check out the photo gallery or follow Normandy Remodeling on Facebook and Instagram for even more home tips and inspiration.
A couple of empty nesters wanted to makeover their condo in the heart of Lincoln Park with spectacular views of the Park, Chicago skyline and Lake Michigan. The goal was to make the compact space feel spacious for entertaining clients and friends and comfortable for relaxing day or night.
The original master bathroom was so small it was almost unusable. But, we were able to utilize a small hallway closet just off the master bedroom, adding it to the bathroom space and giving it a few much needed feet. Removing the tub and replacing it with a walk in shower and bench with a partial glass enclosure made the bathroom seem larger and gave us more room to work with. We installed a rain head with a goose neck and handheld faucet to control the water splashes.
part of the hall closet, so it made sense to design custom built-ins to function as night stands as well as dressers on each side of the bed. The beauty of this is that we installed separate switches so each side can control a sconce over their own tall bookshelf as well as hidden can lighting over each pillow. The room opens up into the living room so we installed double frosted glass pocket doors for privacy and more natural light.
“This couple loves to bring people into their space for the first time,” Chris said. “It is so unexpected that we were able to incorporate so much into a compact space that their reactions are so enjoyable,” “It is usually a jaw-dropping experience and the homeowners are thrilled with their oasis in the sky.”
