<prompt> Human: We have things that need doing around the house, but not a lot of savings at the moment. Wife seems dead-set against taking out any kind of loan where the house in involved as collateral, but my feeling is that not only will any money taken out be invested back into the house to increase or at least maintain its value, but well enjoy our home more and be happier in it. I would guess we have about 300K in equity on the house, and I wish we could put some of it to use to improve our surroundings and better our lives a little bit. Whos right?  <response>: Home renos are one of those things that people spend a lot of money on and then wonder why they dont have any money.Im not saying never to renovate. But delaying or ignoring some renovations is often a good way to save money. Most renovations arent very important. 