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since you're planning on staying put for a very long time and are paying cash for everything (instead of using the big box as an atm like many others) then i would do all the changes that will make your house a home. just like you said when you have the cash do a project, when you don't have the cash then no project for you. this is exactly what i/we do.
IMO wouldn't worry about the value going down right (unless of course you put 0 down for a down payment) now especially because you plan on living in it for a very long time. value goes up, value goes down. you won't "feel it" until you sell it.
good luck and happy improving.
Thanks!
No, no zero down...we put down a lot of money...so I feel "okay" in our position in terms of the house being valued less right now. (I know we are still "losing money" but I know if something would happen and we HAD to sell we could get more than what we owe the bank. KNow what I mean?
Anyway, always good talking to you!
Are you redoing things to sell it, or to live in it?
If you are doing it for you, to live in it, do the things that will make you happy first, and do them the way you want them. (After any safety or healt issues, of course). Might you put in something that doesn't appeal to everyone? SUre. But it's your house, your home, the place where you & your family are going to spend huge amounts of time. It's not a financial instrument to be put in an account until it's acheived a certain worth. DO it for you, and when it's time to sell, you'll price it according to what buyers are looking for then. Your other option is to spend years in a very sellable house that you really don't like.
good point...we are NOT selling. we just moved in 2 months ago and I hope to be here at least 10 years. We picked this home with the idea that our kids will at least go to middle school here and they are not even 2 years old yet, lol! Thanks!
Thanks!
No, no zero down...we put down a lot of money...so I feel "okay" in our position in terms of the house being valued less right now. (I know we are still "losing money" but I know if something would happen and we HAD to sell we could get more than what we owe the bank. KNow what I mean?
Anyway, always good talking to you!
I think we are the lucky ones who put more then the 20% down on our homes. You I know just bought but we just sold our home in FL and if not for the fact that we had put a lot down on it we could never have sold this place. We had a lot of room to go down even though hubby resisted at first. With our new home we did the same.
I agree with the other posters. Do everything to the house you need to to make it the home you love and are comfortable in. It's your HOME first, and an investment second.
I just don't get why people live with bad kitchens and bathrooms, and then just before they sell, they remodel. It's as though their own quality of life isn't important. This is just nonsense.
Ok, so it's too bad you overpaid for the house, but that is done and over with, and if you plan on staying there for the long haul, you will most likely be just fine.
I agree with the other posters. Do everything to the house you need to to make it the home you love and are comfortable in. It's your HOME first, and an investment second.
I just don't get why people live with bad kitchens and bathrooms, and then just before they sell, they remodel. It's as though their own quality of life isn't important. This is just nonsense.
Ok, so it's too bad you overpaid for the house, but that is done and over with, and if you plan on staying there for the long haul, you will most likely be just fine.
gentlearts normally i agree with you but how is living with an outdated kitchen and/or bath bad for your quality of life? i agree i don't understand why people will wait until their house is on the market (or just before) to make improvements (if you can afford to make then just before it hits the market why not do it before so you can enjoy it) but i don't think because someone who has an outdated bath or kitchen means they don't value their quality of life.
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like many others) then i would do all the changes that will make your house a home. just like you said when you have the cash do a project, when you don't have the cash then no project for you. 
this is exactly what i/we do. 
