4 ms·
The financial calculus behind this is unbeatable though. When you're spending a significant portion of your house's value on a reno, alarm bells start going off
by notJim 6y ago
The financial calculus behind this is unbeatable though. When you're spending a significant portion of your house's value on a reno, alarm bells start going off. If I'm spending $75k on a $500k house, you better believe I start asking myself if I'd be better off buying a $575k house instead. And trust me, you get to $75k very quickly in cities with expensive housing.
- sanj 6y agoThe $75k I spend is going to be tuned for how I’ll use it. That counts for a lot, at least for me. And resale value calculations don’t take into account the joy and utility the changes afford you. Again, I value those highly.