Reply to Should we spend 500K on a renovation?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We did. We don't plan on moving, and we were tired of our tiny bed and bathroom. Very happy with everything we did.[/quote]

It's good to read this. Did you do it while the kids were still home, and is this in the ballpark of what it cost?

[/quote]

Almost all of your stats match ours. And we lived in through the whole thing. One of ours is in college now and having the space for friends to come visit DC has been great. We have college guests all the time. But the best part is how much I love the house now, when I used to be slightly depressed by it. :)

We compared the cost of moving, and frankly, we couldn't do better in the area we like for less. Moving is more expensive. Every house priced where we are has the same problems our house does, so we'd end up wanting to renovate those too. The ones already renovated cost significantly more, which tells us how our value will change too. We live in an area with high appreciation. Before the renovation the value had more than double from our purchase price. We paid attention to the appraisal sheets and made sure that we added the items that increase value (two bedrooms, screen porch, square footage, added a shower for an additional full bath, etc.).[/quote]

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