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Slippy
LSU Fan
Across the rivah
Member since Aug 2005
5767 posts

Am I insane for undertaking a home renovation in the current economy?

I've been promising my wife a new kitchen for a least 10 years. Lots of other stuff in the house that needs fixing/updating.

The way I see it, interest rates aren't going down for a few years. Price of building materials may drop a little, but not much.

I see no reason not to just say F it.


DontThreadOnMe
Member since Jul 2022
364 posts

Home renovations are insane regardless of economy, but everyone needs a little insanity once in a while.


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261
saturday
LSU Fan
Poster Of The Week Nominee
Member since Feb 2007
6305 posts

You've been here since '05 and you still don't know the rules? Shame on you


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110
SUB
LSU Fan
Member since Jan 2001
Member since Jan 2009
18227 posts

I'm in the same boat, but much more extensive renovation / addition. Interest rates are already up so much...I am just going to wait until building materials bottom out. I'm guessing a year or so?


GetCocky11
South Carolina Fan
Arlen, TX
Member since Oct 2012
46786 posts

I would wait a year.


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02
HoustonChick86
Arizona Fan
Catalina Wine Mixer
Member since Dec 2009
55995 posts

We just put new flooring down and ripped up all the carpet.


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10
redstick13
US Space Force Fan
Continental US
Member since Feb 2007
34741 posts

Lumber costs have gone down recently. Most material is still excessively high though. My recommendation is to go for it.


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DeafJam73
LSU Fan
Baton Rouge
Member since Sep 2010
17277 posts

I would get estimates first then make a decision after.


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Slippy
LSU Fan
Across the rivah
Member since Aug 2005
5767 posts

Sorry, here is a pic of the wife.



Darth_Vader
US Army Fan
A galaxy far, far away
Member since Dec 2011
56192 posts

Do you have the means to pay for it?

A: Yes - go for it

B: No - Stop

It’s a simple as that.


Beauw
Northwestern St. Fan
Blanchard
Member since Sep 2007
2540 posts

Damn dude, who cares about the cost, keep her happy!


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41
armsdealer
New Orleans Pelicans Fan
Member since Feb 2016
7842 posts
 Online 

Even if it doesn't make financial sense it can still be a reasonable thing to do. Improvements to your quality of life are usually worth it.


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30
AUCE05
Auburn Fan
Member since Dec 2009
40308 posts

I don't look at my home like a stock investment. Redo your kitchen and make your wife happy. That will be worth more than any return financially.


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40
keakar
Member since Jan 2017
23083 posts

quote:

Am I insane for undertaking a home renovation in the current economy?


yes, but it all depends on perspective.

is it worth it to you paying way more now than if you wait about 5 years for the economy to come back and inflation goes down


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10
pwejr88
LSU Fan
Red Stick
Member since Apr 2007
34045 posts

Lots of people are doing this right now. Instead of buying homes people have decided to renovate or build.

Just remind yourself that the renovations won’t add the value you think it will; some, sure.
This post was edited on 8/1 at 12:37 pm


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Lonnie Utah
The Citadel Fan
Utah!
Member since Jul 2012
17148 posts

quote:

Do you have the means to pay for it?

A: Yes + 50% - go for it



FIFY.


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dyslexiateechur
LSU Fan
Louisiana
Member since Jan 2009
27542 posts

Yeah guy quoted us a 15k Reno that turned into a 39k Reno when he looked up actual prices now.


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texn
USA Fan
Pronouns: Y'All/Y'All's
Member since Nov 2019
2566 posts

She looks like she doesn't even know where the kitchen is. Pass on the renovations. Use the money in the bedroom.


WDE24
Yale Fan
Member since Oct 2010
52199 posts

Are we going to hear about this as much as you posted about your generator?


Macfly
LSU Fan
BR & DS
Member since Jan 2016
5820 posts

Thought the same last year regarding the cost of a kitchen renovation, covid, etc. Ended up doing the work and glad we did.


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