Home renovations: Do you really need that sexy new kitchen?
Article by Robert R. Brown, The Globe and Mail, October 15, 2014
“As monstrous as Canada’s wedding industry is, it pales in comparison to our home renovation industry. Canadians spend over $50-billion every year on home improvement, and I’m not talking about box sets of the classic Tim Allen television series. It seems that the first thing many of us do once we’ve found our perfect house is to shell out a bunch of money trying to make it more perfect. Redo a bathroom here, take a wall out there, new hardwood everywhere.
When considering whether or not to do a renovation, you might think that the first question you need to ask yourself is “how am I going to pay for this?” That’s a good question and we’ll touch on it later, but the question you really need to ask yourself is “why am I doing this?””
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