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Home Improvement, Design, and Decorating
Reply to "Really struggling with whether to take out loan for home improvement "
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[quote=Anonymous]Ouch - so you're saying if you spend $150k to $200k (and just count on spending $200k and above - it will never come in at the low end of budget) that your house will be comparable to others in the neighborhood that sell for $150k more than what you paid? But here's what I'm going to tell you about your renovation: Since money is tight and you have a shit shack that really needs a $300k reno but you'll just be doing the piece meal, your $200k improvement will not be as nice as the improved houses in your neighborhood. Don't count on that value unless you plan to fully gut and do it right. In other words, this is a terrible financial decision. And you don't even have any money socked away!!![/quote]
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