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If you strictly adhere to electrical safety rules, including assuming that a circuit is hot until proven otherwise, and have some knowledge of how an electrical circuit works, you can likely replace a light switch by yourself without too much trouble. However, it's always advisable to call a nearby electrical pro to do the job if you're unsure of any steps necessary to change a light switch. 

Yes, the National Electric Code (NEC) requires at least one GFCI outlet in each sectioned-off portion of an unfinished basement, partly to ensure a power source is available for a sump pump in case of flooding. If you install multiple outlets in your unfinished basement, all of them must be GFCI-protected. For finished basements, standard outlets are generally permitted, but at least one GFCI outlet is still required per circuit. Keep in mind that local municipalities may have additional codes, so it's best to consult a licensed electrician to ensure your home is fully compliant.

A 60W LED bulb is likely labeled as “60W replacement” on the package—that’s because it provides about the same light output as a 60W incandescent bulb. In reality, it likely uses less energy—usually 15 watts or less. If that’s the case, then it’s perfectly fine to put a 60W LED bulb in a 40W socket. Your best bet is to read the package carefully. It will tell you the LED bulb’s actual wattage, and as long as it’s lower than the fixture, the bulb will be safe to use.

Electric water heaters use a high amount of electricity, so they’re best for homeowners who subsidize their electric bill with solar or who live in an area with inexpensive electricity. For others, gas water heaters versus electric water heaters may be the more cost-effective solution, with the added bonus of heating water quickly and efficiently. No matter which you choose, you can lower your water temperature as low as possible to keep costs down.