Anonymous
Post 02/19/2021 06:05     Subject: Should we spend 500k on a renovation?
500k is absurd for a renovation. Sell and move.
Anonymous
Post 02/19/2021 04:56     Subject: Should we spend 500k on a renovation?
No. Your college savings are a joke. $500k is an insane amount to spend on a renovation. You won’t find a good contractor now in any case.
Anonymous
Post 02/19/2021 03:12     Subject: Should we spend 500k on a renovation?
No.
Anonymous
Post 02/19/2021 02:51     Subject: Should we spend 500k on a renovation?
Guess your three kids are not the priority.
Anonymous
Post 02/19/2021 02:47     Subject: Re:Should we spend 500k on a renovation?
At that price, tear down...
Anonymous
Post 02/19/2021 00:34     Subject: Should we spend 500k on a renovation?
How much has your house appreciated? And do you plan on moving anytime? Guessing no or you wouldn’t be contemplating such a huge renovation. I wouldn’t want to live through a renovation like that. Would you nice out? Just get a new house.
Anonymous
Post 02/19/2021 00:26     Subject: Should we spend 500k on a renovation?
Get a new kitchen but half a mil on a reno seems excessive, not to mention the scope and impact on QoL for you and your kids. (All under 10???)
Anonymous
Post 02/19/2021 00:22     Subject: Should we spend 500k on a renovation?
Lol no
Anonymous
Post 02/19/2021 00:11     Subject: Should we spend 500k on a renovation?
How much is your house worth that sinking $500k into it makes sense?
Anonymous
Post 02/18/2021 23:46     Subject: Should we spend 500k on a renovation?
A 100k reno is one thing, but 500k? Agree with everyone else, just buy a new house at that point.
Anonymous
Post 02/18/2021 23:44     Subject: Should we spend 500k on a renovation?
Anonymous wrote:At that cost... sell and buy a newer house


+1
Anonymous
Post 02/18/2021 23:43     Subject: Should we spend 500k on a renovation?
At that cost... sell and buy a newer house
Anonymous
Post 02/18/2021 23:40     Subject: Should we spend 500k on a renovation?
Your timing is terrible. Everyone & their brother is renovating right now. There are huge delays on construction materials. Contractor prices are sky high. Wait until the next recession, then do your reno.
Anonymous
Post 02/18/2021 23:39     Subject: Should we spend 500k on a renovation?
No.
Anonymous
Post 02/18/2021 23:38     Subject: Should we spend 500k on a renovation?
Question in title. Details- two working parents, HHI of 330, (DW 220, DH 120). Family saving of $800k, retirement saving of $900k. College saving of 60k over 3 kids with 10 years till college for the oldest. Supposedly we will inherit money but who knows.

Kitchen is on its last leg, we would gain square footage in the kitchen, living room, and upstairs bedroom.

Should we do minor renovations now and wait till college is funded in 6-7 years, or heloc and renovate now?