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Reply to "If you consider yourself frugal, help advise on home reno"
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[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] [b]But when you sell the house, it will cost you. You will get less.[/b][/quote] Not that much less. And a reno done now in a house sold in 15+ years isn't going to get you that much at all. [/quote]
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