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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][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] Because an extra $1k after a kitchen reno is ridiculous? Nobody renovates a kitchen and keeps a junky table. Heck, most people invest in new dishes, cookware, etc. [/quote] It is ridiculous if you can't afford it. You seem to think there's no limit on what "most people" spend. But it doesn't matter what other people do! You have your DH and your finances and you need to figure out something that works for both you and your DH. Not pout and whine and act like you're entitled to new stuff just because you say that "most people" have it. (Which they don't.)[/quote]
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