"Caught the Renovation Bug? For more trends and insights on how and where to live in retirement, download "Home in Retirement: More Freedom, New Choices," a Merrill Lynch study conducted in partnership with Age Wave. Then speak to your financial advisor about ways to finance your moves."
3 Questions to Ask Your Advisor
- What are my options for financing a renovation?
- How can I be prepared if renovation costs run over?
- If I decide to relocate instead of renovating, what are some financial factors I need to keep in mind?
Planning renovations? Before you talk to a contractor, talk to an advisor.
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$90 billion spending figure courtesy of Joint Center for Housing at Harvard, January 2015. Other data from Merrill Lynch/Age Wave study Home in Retirement: More Freedom, New Choices, February 2015.