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Home Improvement, Design, and Decorating
Reply to "would you spend 200k upgrade on a 630k house?"
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[quote=Anonymous][quote=Anonymous]We went through the same thought process at very similar price points. In the end it came down to looking around to see what would make us move. That level ended up being ~$1.3M. I'm not saying that our $675k house was better than a $1M house, it is just that we wouldn't have left our location and neighbors for a moderate upgrade. So, we are putting >$200k into our place to do some significant bathroom/kitchen renovations. Little hesitation in the decision in the end. [/quote] NP - the PP's calculations are similar to ours. We're spending $350k on a big renovation/addition. The end result will definitely not be as nice a house as I'd like, but it will be nicer than anything I could buy in my general vicinity/school zone with the equivalent amount of additional investment. To get a larger, renovated house in my area was probably $600k+ what our current house costs. [/quote]
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