Reply to How to convince spouse home renovations make financial sense

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[quote=Anonymous][quote=Anonymous][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? [b]A well maintained home will surely sell faster and for more than a dilapidated one[/b].

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]

There is a significant difference between maintenance and renovation.  I suggest that you are clear with yourself and your spouse what you want.  Do you want to do maintenance, renovations, or new furniture?  These are not the same things.[/quote]

Oy vey.

[b]Who goes to the expense of renovating a kitchen only to keep the junky dinette set that surely won’t match? 
[/b]
When I renovate the kitchen, the 1980s floor tile that bleeds into the adjacent family room, foyer, and powder room will go. I’ll tackle the spaces at the same time—including updated furniture. [/quote]

People who have agreed upon a budget with their spouse, that's who.[/quote]

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