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Ed, I hear this story a lot... renovate then move. That aint' gonna happen to us.
We've lived in this 107 year old home for 18 years now. We are renovating it as we have saved up enough to do it right (complete gut and remodel with over the top woodwork (extensive crown moulding, window and door casework and custom bulit in cabinetry), new drapes, furniture, pictures, etc.)
When this is done we'll be 65% complete. The last bit is the two bedrooms and a bathroom we want to add between them.
If the house wasn't purchased for $56K and worth $350K and $500k (hopefully) in the years to come, we wouldn't do all this. But my wife really doesn't want to hear my loud, long griping for all the crap she accumulates from garage sales so she never talks about moving to a newer home in a nicer neighborhood.
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