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Is Home Remodeling Worth It?
You like your home but your wife would like to update it. You discuss the pros and cons of remodeling and can't come to a decision. Your wife certainly would like to update the kitchen and bathrooms and you would like a media room and a home office. One key question is: will the money spent on the remodeling be recouped should you ever decide to sell your house? Another important consideration is how long you plan to live in your current home and will you enjoy the practical results of your remodeling project? Another factor to think about is how old you are now and what kind of income you can anticipate in the years ahead. If you are close to retirement age and your income will drop off considerably leaving you with less available cash, should you be spending a big chunk of change, perhaps over $50,000, in home improvements?
Home renovation can create stress in the home  On a practical note, can you live with the chaos in your house during the renovation process? Invariably, things do not go smoothly and you have to be ready to endure unexpected problems or delays when you deal with contractors. Another ... more

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