This is why a lot of younger people don’t have two nickles to rub together, because they can’t wait for anything. I agree with Eddie in reply #18 above. Move into the home, live there a while, decide what you want to change then SAVE the money to make the improvements.
If people continue to refi and to roll home improvements and remodling expenses into their mortgages they will never have a paid for home. When you wait until you can afford the improvments you will be sure to spend your dollars wisely and you will really appreciate the improvments after you’ve live for a while with the things you didn’t like.
We waited 19 years before we could afford to replace our downstairs carpeting, the kitchen flooring and the bathroom floors. It was hard sometimes, but its sure nice to have no mortgage and to not owe anything for the flooring.
And from what I’m seeing the past few days about the stock market, I think we may be in for another recession. The real estate market prices are inflated again and people are once again pulling the equity out of their homes. It’s the set up for the perfect storm for another crash. And of course when it happens they will take zero responsibility for the crisis.
Eddie[this post was last edited: 2/5/2018-18:04]
If people continue to refi and to roll home improvements and remodling expenses into their mortgages they will never have a paid for home. When you wait until you can afford the improvments you will be sure to spend your dollars wisely and you will really appreciate the improvments after you’ve live for a while with the things you didn’t like.
We waited 19 years before we could afford to replace our downstairs carpeting, the kitchen flooring and the bathroom floors. It was hard sometimes, but its sure nice to have no mortgage and to not owe anything for the flooring.
And from what I’m seeing the past few days about the stock market, I think we may be in for another recession. The real estate market prices are inflated again and people are once again pulling the equity out of their homes. It’s the set up for the perfect storm for another crash. And of course when it happens they will take zero responsibility for the crisis.
Eddie[this post was last edited: 2/5/2018-18:04]