Should we spend 500k on a renovation?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP here. Great advice from most people here. The issue is livability of the kitchen. I think we will need to work within the existing footprint and perhaps hire an interior designer and DIY on paint etc.

Re colleges we had to pay off student loans and had a nanny at the same time, so we will no longer have the nanny in a year or two, and we've completed paying off student loans. Family savings is just that, non retirement family savings in stocks bonds cash etc.

You have a huge spending issue and living above your means.

OP here, think this a gross overgeneralization. We've saved or paid down huge amounts of student loan debt every year as an adult earner, while also managing to save money and have a good quality of life. Please keep your unasked for opinions to yourself.

No, OP. This is what most people on this forum are trying to tell you. Your HHI, college savings, etc. are not enough to justify this renovation. Hoping you’ll inherit money to pay for your kids college to justify this renovation is foolish.

Rude. And I intelligent, you took the time to focus on this post but neglected to notice that OP decided against the renovation.

[Anonymous]

If it will make you feel more comfortable in your house and five hundred thousand dollars for a renovation is not such a big financial problem for you, I think it is worth it. For example, I have an office room in my house, and I was always the renovation in that room. During the quarantine, I decided that it was the right time, so I spent fifty thousand dollars on the renovation, making it a room full of smart devices. Most of all, I like the new colour changing light bulbs I have installed, which makes the office room more comfortable.
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[Anonymous]

Anonymous wrote:Your timing is terrible. Everyone & their brother is renovating right now. There are huge delays on construction materials. Contractor prices are sky high. Wait until the next recession, then do your reno.

In other words. 2023/24!

[Anonymous]

Our Ikea kitchen is quite functional!