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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]DH and I just completed a large addition on a SFH in close in Alexandria. We've owned the house for 15 years, it was 85% paid off, we have one kid entering a state school in 10 days, our retirement is extremely healthy, live frugally, had [b]deferred maintenance that made no sense to do on a tiny house (windows were 60 years old, roof 22, exterior needed paint[/b], , etc etc. It all made sense But, I've had at least three people make really odd comments like "Ohhh, did you really need to do that?", "I mean you were doing fine, why spend all that?" etc I'm taking it as jealousy or simple social gaffs but how would you respond to such stupid people?[/quote] I mean it’s fine you turned your house into a McMansion but it’s weird to say you did it for these reasons. [/quote] Not OP but you are just horribly wrong. It's economies of sale. Why would anyone spend 100K propping up a 1200 sqf bungalow when you can convert it into a 2800 sqf two story home worth so much more for twice that? This is what DB firms do for a living. Find prospects, add value, resell. Rule of thumb- the closer in you are, the higher the value price-per-square-foot. It always makes sense to add space.[/quote] You are just making up figures. Doing a major renovation because you think a house needs a new roof and new coat of paint is ridiculous. That’s maybe 20k not 100k. [/quote]
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