You've found the famous Dave's Garden website! Join this friendly global community that shares tips and ideas for home and gardens, along with seeds and plants!
Check out the DG homepage for a brief overview of what you'll find in this gardening mega-site.
Login
If you don't have an account yet, visit the registration page to sign up.
Edited to say, we ended up not doing the home eq since it takes 30 days and low and behold our old AC we knew would conk out soon did just that. We got a small unsecured loan and will have the 8 grand AC paid off in a year. Then plan to do just a cash plan for our other upgrades.
Let's assume you will sell your house in 10 years. Average price appreciation over time for RE is about 3-6% annually. Whatever the true value of your house is now, figure out how much the average appreciation in 10 yrs would bring you to.
Remember, this is a BEST case scenario. Your area may or may not enjoy this kind of appreciation - YMMV. If you can get a solid local statistic over a 20-yr time period, use that percentage # instead. A good RE agent might have that for the asking.
Now, subtract from your $30K whatever basic maintenance you plan in the next 10 yrs (furnace, WH, whatever). That's what you have left for the extras you'd like to have.
If what you have left can be covered by average appreciation, that is your best guess as to whether your remodeling is worth doing, or scaling back. It is still a risk, but the variables make it difficult if not impossible to define any better.
