Money Talk: Tackling a Big Remodel Before Retirement

Question: I would like to add on and remodel so my home will be nice for me when I retire in a few years (probably around age 65). I have a recently refinanced 30-year mortgage at 4.1 percent, but I’ve been making additional principal payments on a 20-year schedule. I think I can do what I want for around $200,000. (But of course it may be more.) Post-construction, I’m estimating that the house would have a market value of $800,000 to...

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