Who are you keeping up with? Does your home really need a remodel? Or are you planning on one because people you know are doing it? Look at your home objectively – not in comparison with those of other people. You are going to live in the home, not others. It has to be the way you want it. If changes are to be made to it, these should be because they are what you want, not because it is what others are doing. Increasing your equity is an important part of home remodeling. Are the changes you plan purely cosmetic? Or will they add to your home’s value? Even if you have no plans at present to sell your home, things may change in the future. Moving and buying a new home is a huge expense. If you will not be able to recoup the money you have invested in the remodeling when you sell, how will you be placed financially? If you are sure that the cost of home remodeling will not have a negative impact on your financial
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