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Reply to "Should we spend 500k on a renovation?"
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[quote=Anonymous]It depends. How much did you buy your house for? How much would you buy it for today? Is that difference is close to $500k, then it may be worth it? At the same time, not all decisions need to make sense from a pure numbers’ game point of view. For example, if you love your house, you neighbors, and your neighborhood, you may overinvest into a remodel from a pure market price point of view, but if you can afford it and if it’ll make you happy, who cares? Have you looked at what you’ll be able to buy if you were to sell your house today and add $500k to the down payment? [/quote]
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