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this post was submitted on 24 Aug 2024
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Spent $800k on a house remodel. We gutted it and rebuilt it.
I did all the plans myself, I got them approved by the city, I made all the interior design decisions (my wife had veto power but left 90% of it all to me). In theory, in my area, the house has gone up in value by equal to or more than what we spent.... but realistically I overspent. The amount I pay for loans is enough to make my very hefty salary seem low, but I don't regret spending the money (It didn't help that interest rates went up right before we pulled a $500k loan!). The house is awesome and it's MY/OUR house since I did the design myself and I worked with the contractors throughout the entire process. I know every trade off we made and I can tell you why we made every decision. Doing this was a bucket-list item... but yeah... I overspent.