Is a House a Home or an Investment?
Is a house a home or an investment?
Recently I reviewed the latest data on the rate of return for money spent on remodeling projects and began to wonder when we started to think of our homes as investments? Growing up in the 60’s I don’t remember my parents talking about the current market value of our house. In fact, if they did it was because property taxes were increasing. They never planned to sell, so current market value wasn’t something they contemplated.