Hi Abe, good question. If it were me and I knew I was going to be in the house less than 5 years I wouldn’t focus too much on extra mortgage payment.

I think I might write an expanded post on this subject, but too quickly add equity you might want to look at the best bang for your buck Reno’s you can do.

First that comes to my mind is paint. Painting the house is a relatively cheap Reno, many people can DIY and can completely change the feel of a house.

Second anything that can be energy saving like replacing old windows usually have good ROI. They save on the monthly bills and unlike redoing a backsplash windows are less “taste specific”.

Keep an eye out for a full post on this topic, would it be okay if I included your question in the post?

Economic policy wonk by day. Personal finance writer by night. I write about investing, debt, and all things related to money. Editor of Making of a Millionaire

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