Anonymous wrote:We bought new for $350,000 in 2000 and we have redone most of the inside of the house, finished basement, replaced all of the flooring, gut renovated all of the bathrooms. In 2022 we did a complete kitchen and 1st floor remodel. Outside we have done extensive decking, screened in porch, stairs and patio. Redone landscaping twice. We have replaced the roof, HVAC, and we are on our 3rd hot water heater. All in we have probably invested between 300,000 and 400,000. The house next door to use sold last year for $1.1 million with no cosmetic upgrades (both new roof and HVAC). I am guessing we would get be $1.1 and $1.2 if we moved. We want a nice home with nice updates and nice things. I am currently looking at updating the front door and replace with a custom one.
If you can afford it, why not? Renovate while you are living in the house so you get to enjoy it! What's the point of living and saving if you don't enjoy life a little.