Over the years I’ve watched a few DIY home improvement shows. I’ve laughed as the one project morphs into this nine month, six project, ten thousand dollar over budget extravaganza. And now…the laughs on me.
Because, apparently, home improvement projects snow ball. You start with a child’s move to a new room. In moving said child, you uncover some of the horrors of homeownership. Moldy carpets and a wall that most likely needs gutting and repair. But then you find those external factors causing said moldiness and know well, that needs repair too. So then, you double-check other rooms. Find out that another room is affected from said moldy yuk and will need new carpet and wall repair. And well, shoot, if you’ve got two rooms that need this then you should go ahead and claim it on insurance. And if insurance is going to cover that then shouldn’t you use your refinance money to finish new floors through-out the home? Well, if you do that, and your refinancing anyway, and your still way under your refi budget, shouldn’t you put in new counter tops? New or newly painted cabinets? A new sink?
If you give a mouse a cookie….
Yep. I get it now. I get how one thing turns into this giant snow ball rushing to bowl you over. And do we have to do all this? No. And maybe we won’t. But if the bank isn’t going to let us put some of our refi money into consolidating debt, then our requested amount gets significantly lower. And since it costs 5K in closing costs anyway, shouldn’t we do the most we can within our budget? Aren’t there any directions for these kinds of things??? I guess not, since HGTV wouldn’t be making their big money on home improvement shows where everyone succumbs to this type of snow ball effect.