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Reply to "Should we spend 500K on a renovation?"
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[quote=Anonymous]No, just move. Or knock down and rebuild. We did a smaller reno (added a floor over part of the house; originally budgeted $250k, ran way over), we had to project manage the whole thing, and the result is still not better than if we had a house that was all built at the same time. Your 50s house has 50s foundation, walls, wiring, etc., and the walls aren't square because they've shifted over time. When you add a room or a floor, things will not tie together perfectly. Nothing fixes that except a scrape renovation. [/quote]
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