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- May 6, 2007
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I mean, who wants to wait 30 years to remodel their home. Moreso if they want to sell it in the future. (as long as the remodels are sane and not some weird stuff that will lower the resale value) Same if you plan to live there forever, why wait 20-30 years.People that aren't millionaires remodeling their homes that haven't been paid off yet. And pools.
I guess I should also ask how much remodeling of the home. I did a bit as soon as I bought my house (redid the whole kitchen and relocated the downstairs bathroom and added an outside wrap around deck) and it's faaaar better than the house we bought, which was a bit rough around the edges and needed a few things reconfigured to make more sense. It's also how we bought it for so little as it was a fixer upper for the most part.