Reply to Should we spend 500K on a renovation?

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Reply to "Should we spend 500K on a renovation?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You’ve made it through their childhood without the extra space. Now is the time to think about downsizing in 4 years.  Start shedding material things and travel.  It’s dumb to enlarge once the kids are grown.  Remodel here and there, but no major renovations just as kids are done. [/quote]

We just traveled and enjoyed coming back home to our newly renovated house. YMMD.[/quote]

Did you travel for 6 months and keep your house vacant? Because that's how long the construction project OP is talking about if she's lucky. [/quote]

No, we would live close by in order to keep an eye on the project. Although 6 months of travel sounds pretty nice but not possible with kids.

OP here. Thank you to everybody who posted a response. I am reading each one and taking all comments in. We're been through several smaller renovations and are experienced with overruns in time and budget. We've also had friends and family with horror stories. We know there's a big uncertainty. We'll have enough padding budgeted. We love our house location and land it's on so not considering a move - we just want the home to meet our needs and add touches that make us happy to be there. [/quote]

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