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how about just doing a "facelift" for the kitchen? This is one of our issues - we have SO many ideas for our house - and we too are TTC after the wedding (in june) - and so once the baby is school age we will be moving...meaning that we're not staying in this house for more than 7 years...
Since we're NOT planning on staying for more than that, we don't want to go too crazy with our ideas. BUT there are some things that we HAVE to do - such as we are replacing windows in the living and dinging rooms in about a month (already bought them) - but I want to do things differently in the kitchen - which we really don't have the $$ for - so instead I'm opting to do a "facelift" - new countertops and backsplash then possibly just repainting the cabinets...
Honestly I'd say go with the renovation!
If you want to vacation, too, then do something cheaper and closer to home! This is what we've decided for our honeymoon - instead of carribean we're going to Myrtle Beach (to save $$)!
We would probably do the kitchen.
But we also got to go to Costa Rica last month and are in the process of buying a new house so I'm all kinds of excited about home improvement stuff.
On second thought, you probably shouldn't listen to me at all. :-)
Could you maybe just get new doors instead of whole new cabinets and still go on a (scaled back) vacation? I think kitchens are one of the surest places to get your money back when you sell the house. If you're only going to be there for 3 years and want to do the kitchen before you sell it you might want to do it now as opposed to when you have a toddler thrown into the mix.
I'm gonna say vacation. The house will ALWAYS need work. And work it is. But a vacation is for the mind and soul. Can you do both on much smaller amounts of moneY?What kind of updates are you talking about?
We have a similar dilemma (finish the last of the lower level of our house and do landscaping or a big honeymoon) ... and we went with the reno's, it is crazy difficult to do reno's with little kids around in a safe way, but you can travel with kids (one of my school friends is backpacking through asia right now with a 3 month old) if you are motivated to!
I agree with JuneBride. A little work and a little vacation. It's amazing how a little amount of work can really increase the value of your house.
Since you'll be TTC soon, I would definitely say the vacation. After the baby comes, vacation/travel will be very difficult, you can always renovate...
I wouldn't be doing major renovations on the kitchen since you are only staying there for 3 years or so. It takes a while to make that money back in appreciation to the house. You could do minor repairs to make it look nicer but I don't think anything major.
Here's what we did... We too had to choose between renovation and vacation. We ultimately decided that renovation was an investment and vacation was a luxury... BUT, I just couldn't let go of the babymoon.
So we found ways to knock off a few thousand dollars on the renovations that we planned (granted it involved sacrificing wooden doors-- we had to use metal instead and going with a less expensive contractor), but we had enough left over to go on a relatively inexpensive Mexican Riviera vacation.
Best of both worlds!
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My DH and I bought our house last summer and we've done alot to the house as far as upgrades. We are now wondering what we should do with the kitchen.
We have new tile on the floors, new SS appliances and the changes we would want to make would be new cabinets, backsplash, and crown molding. The kitchen is definately livable and not hideous, but could use some updates.
We are going to start TTC in April and are wondering if we should redo the kitchen (we plan to live in this house for about 3 yrs) or should we take a cruise instead?
What would you do in this situation?