Hi all,
Just fancied hearing anyone's opinions/own experiences on big expensive home improvements and the reluctance to spend money. I myself own my own house mortgage free. It's a lovely home for my needs, 3 bedroom detached, garage, big garden etc but there's no denying that there are some big improvements that could be done. The house hasn't changed much since I have been born in it some 28 years ago.
The Windows and doors are original except the front door, no double glazing. The facia boards and guttering is prob 30 years old as is the garage door. Then we come to the insides, the carpets in all rooms are around 30 years old and the kitchen/bathroom has all the original storage draws and work tops etc. The toilet, shower and sinks are all around the 25-30 year mark also. The actual items in the house are however more modern, I had a new Samsung washing machine today delivered as my current one aged 8 years old finally died and my LG fridge freezer, zanussi cooker, dryer, microwave etc are pretty modern. I don't mind paying for items like that, I get the use out of them and the warranties are usually 5 years.
The problem I have is the cost for he big home improvements, new guttering, Windows, doors, carpets, kitchens, bathrooms etc just massively put me off. There is no doubt that the Windows, doors, guttering and facias if done would make the house look far more appealing but most of this is just aesthetics and vanity in some ways. Other than perhaps energy efficiency there really is no reason to get all these new improvements. I have no intention of selling my home so increasing value is also not that interesting to me. I seem to want to push this back to well, once I have reached FI, I might then save money to do up home that could last another 25 years maybe..
I can however well imagine that after having spent tens of thousands on the home, sitting in my newly carpeted lounge, walking into my new kitchen and having a bath in my new bathroom. The joy of these things won't last that long and that's another reason that is putting me off. Yes, my home may not look ultra modern and my guttering may look a little old but the benefits from changing all this perhaps is very minimal and is more to do with caring too much how others think of my home. I really enjoy what I have now, I can still have a warm bath, wash clothes, be sheltered from outside with my current Windows and doors. I feel no pressing need at times and then at others I think I need these changes.
Another thing is, I currently have a family friend who will put in a new kitchen and bathroom for me for free in terms of labour, but he is retiring in a year or two. What an awful situation to be in :).
Any thoughts?
Chris