Sharing Daily Discoveries About Personal Finance And Business Topics

Bringing Things To A Like New Status

I was talking to a person recently who bought a house that seemed like it was about fifteen years old. It was about $50,000 cheaper than buying a brand new house of the same type and so to her it made more financial sense. The interesting thing was the amount of renovation and equipment she replaced as many of the existing items needed replacing and sprucing up. It seemed like her expense in doing so was about $35,000 alone.

That just made me think if it was really worth it in that scenario considering she could have just gotten everything new by spending a bit more when it came to the house itself. I’m inclined to say that if you are not really contempt in buying that item as is for the most part then you should seriously consider buying it new instead.

Example, if there was a used item that was scratched which was selling for a huge discount I need to be content with it or I wouldn’t get it at all personally. I could just see myself spending so much time and money trying to fix that issue where the savings would be too little to justify in the end.

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