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Reply to "Put money in house Reno or in the market"
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[quote=Anonymous]35 yo here-DH and I are selling an investment property expected to net proceeds of $290k (pre-tax). I’m inclined to invest the proceeds (probably an S&P index fund) and keep it for investment-only purposes adding to our $1.25 mill in retirement/investment accounts. Otherwise, I feel like it would’ve been better to keep the house and continued profiting off the rental income. DH instead wants to take proceeds of the sale and do a huge Reno to our primary residence. While it would be nice to see some improvements to the house and I think we’d get our money back if we were to sell the house one day, I think we’d be missing out on a huge opportunity to save for retirement. I also am not convinced that long term we’ll even want to stay in this house. What would you do-invest or renovate? Are there other options we’re not seeing?[/quote]
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