Reply to If you consider yourself frugal, help advise on home reno

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Our kitchen is the original from 1985 and a couple of years ago after getting kitchen remodeling estimates we came to the conclusion that it wasn't worth it right now. A pull and replace job (not changing layout) with mid-grade materials and appliances from the big box store was going to cost $75K for an average sized kitchen. Though had saved the money, we are frugal and think about the opportunity costs of blowing so much money on a kitchen remodel. We have two young children. $75k invested in a 529 lump sum would be enough to pay for college tuition in state in 15 years. I think you really have to have money burning a hole in your pockets to spend this kind of money on a functional kitchen.[/quote]

But when you sell the house, it will cost you. You will get less.[/quote]

Unless by the time they sell the renovation is dated.   [/quote]

You hit the nail on the head.  In 7-10 years, any kitchen reno done now will be "dated" and will need to be "updated" or "refreshed" anyway.  So OP should minimize her expenses now, since the kitchen reno isn't something she really needs or wants, and save herself the time and money.  She will probably end up being better off for waiting than for pushing through.[/quote]

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