Hi! I recently closed on my first home (yay!). It is a fixer upper from 1978, and I purchased it from the original owner (a sweet 89-year old man). The home has never been remodeled. Everything is in poor condition and will be replaced, including carpet for hardwood floor, entire kitchen renovation, 2.5 bathroom upgrades, etc. My father and I plan to work on the home together, cutting out nearly all labor and contractor cost(other than for the roof, electrical panel, likely plumbing). I anticipate spending roughly 100k over the next few years while working through upgrading the home.
My question for the group: knowing I plan to spend a significant amount of money, what have you done to take advantage of the spend? When I was young, my parents would buy lots of Home Depot gift cards during the winter holidays because of the fuel perks they’d receive.. say, buy $5000 in gift cards knowing they’ll be renovating their xyz and will be purchasing through Home Depot.…