Home Marketability and Personal Finance Question
Really want to replace my old, outdated windows and can do it for less than $3,700. Godmother thinks I should delay or eliminate the window purchase and instead, focus on paying off my credit card debt of $16,000. She feels I don't have to get the windows replaced now since I don't plan to sell the house in less than 8 years (my planned retirement time). Fortunately, I'm able to pay much more than my minimum credit card monthly amounts and plan to pay for the windows with my $10,000 HELOC. I calculate the credit card debt and HELOC debt can be eliminated in less than 5 years. By the way, the credit card debt was for nothing frivolous. Also, the appraised amount of my house at this time is about $60,000 more than the mortgage debt. I'm sure the new windows (nothing fancy) would increase the marketability of the house, help to make the house less drafty, and may offer a state tax credit. Thanks for your opinion.