No. of Recommendations: 3
What do you propose doing with that $200,000?

The $200k was to pay off the original loan for the refi. The HELOC balance of $42k was already spent on the initial updates. It's an extra $25k that the OP is considering financing.

In my opinion, most home "updates" are a waste of money. They are usually consumption masquerading as an "investment."

My bias is to keep things simple. Pay off your debts. Invest extra income in good investments, not personal consumption.


Yes - we know your carpet is the original carpet that was in the home when you bought it how many years ago?

AJ
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