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Reply to "Help me explain this to my husband"
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[quote=Anonymous]There is some awful advice here and a couple of good pieces of advice, as usual with DCUM. if this is something that is important to you, you need to draw up a plan and account for all variables. Right now it seems too abstract. What does the renovation look like? What is the timeline? What would be accomplished? What is the real budget? (get estimates). Can it be done in stages, or are yo thinking kitchen renov or add on, so it's all one chunk. Then, the other side - how does this fit in your budget? What would the terms be? How much can you save in advance? What are you willing to sacrifice now to do this renovation? I think if you can save 100K in ten years, with minimal impact on your lifestyle, then saving 10K in one year puts you in strong position to move this forward - and you only need a 90K loan, to boot. In short, if you want to convince your husband, get more specific and concrete and run the numbers and costs/benefits explicitly. [/quote]
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