• trashgirlfriend@lemmy.world
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    5 months ago

    It is also possible to do big, expensive, necessary renovations on a house and have it hardly affect the value at all.

    Isn’t this kind of irrelevant unless you’re a house flipper? If you own a house and make renovations to it, it is because you find some practical value in it.

    • Ajen@sh.itjust.works
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      5 months ago

      No, increasing the value of your home is one way to get out of PMI payments. And it also helps if you get a reverse mortgage.