Originally posted by 1916 signal:
Why would you renovate kitchen?
LOL! I did the kitchen first too and believe it was absolutely the smartest move. Before the shop gets bigger I'll do a new family room and master suite.
There are two good reasons for taking care of the house ahead or at least in tandem with the shop.
1) The family members who spend most their time in the house (wife in my case) will like the shop better if they don't feel the time and money spent there came at the expense of the house.
2) Improvement in the market value of the house creates equity which can be leveraged to spend more on the shop.
Unless you can build a nice shop with cash (I couldn't) home equity loans are a friendly way to get there. The higher the value of the house the more home equity is available to spend on the shop.
