WWYD - Home Improvements

tea_lover

You say you're not happy with your current kitchen which is 13 yrs old. How would you feel if you still had another 2yrs of payments for it left?

Paying for a kitchen over 15 yrs (!) via a mortgage seems madness to me.

getmore4less

onlyroz wrote: »

Firstly, you should be able to get a better mortgage deal than your current one so make sure you shop around.

As for kitchens, check out whether you can get a 0% deal. We recently purchased a B&Q kitchen at 0% over 4 years. Far better than adding that money to the mortgage paid back over 15 years. Other manufacturers probably offer similar deals.

A description of what you got for the money would be usefull to the OP not just the 0% deal which is worthless if you overpaid for the kitchen in the first place.

getmore4less

tea_lover wrote: »

You say you're not happy with your current kitchen which is 13 yrs old. How would you feel if you still had another 2yrs of payments for it left?

Paying for a kitchen over 15 yrs (!) via a mortgage seems madness to me.

This is a key point and you should idealy budget for thing on a payment schedule no longer that the lifecycle ideally much shorter and save for the next time round.

Putting stuff on credit is not all bad as there is value in gettting the use out of the new stuff and appliances are likely to be more efficient and a wel designed layout may be easier better more practical.

On the other side is that you are allready paying for the first kitchen, bathroom and decoration etc. on the life of the mortgage.

quantumleap

getmore4less wrote: »

This is a key point and you should idealy budget for thing on a payment schedule no longer that the lifecycle ideally much shorter and save for the next time round.

Putting stuff on credit is not all bad as there is value in gettting the use out of the new stuff and appliances are likely to be more efficient and a wel designed layout may be easier better more practical.

On the other side is that you are allready paying for the first kitchen, bathroom and decoration etc. on the life of the mortgage.

All very valid points folks - and I appreciate them all. My wife and I will take the weekend and consider everything.