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Reply to "How to convince spouse home renovations make financial sense "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Unrenovated homes in my neighborhood still sell quickly, and yes its for a discount, but the discount is less than the total cost of all renovations needed. [/quote] Understood. But if you spend $100k in updates and then enjoy them for 10-15 years and sell your fully paid off home for north of $800k, isn’t it worth it? A well maintained home will surely sell faster and for more than a dilapidated one. Before we sold our starter home, we painted the interior and spruced up the exterior. We updated the 1960s light fixtures and faucets, etc. We sold over asking price. Quickly. [/quote] It would be worth it for me. But it wouldn’t “make financial sense” which is the subject line. It’s no use trying to frame it that way. It’s an indulgence for your happiness—great! But it’s not an investment. [/quote]
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