Owning a house with a view in NY already cost ten percent of my current income in taxes.  

Our mortgage is $95,000, and our renovation costs are spread over several different 0% interest credit cards.

I know the cost of the conversion, and the ARV increase to me seems several times higher than this cost. 

With the cost of living 9.8% lower than the national average.

One of the main drivers of this dilemma is the low 1bd/1ba garage conversion and $30k seems like a large cost for one element of a 350 sq ft conversion. 

This is supported by search trends by terms like "affordable apartments Fayetteville NC" and "houses for rent under $500 in Fayetteville NC" suggesting a high demand for cost-effective living arrangements.

Talk to your realtor and ask about renos factoring in time and cost.

The only cost the deal needs to absorb that's relevant is the interest, and even that is really just the delta between the actual interest paid and the tax savings on that interest on your federal return. 

Hi,As a cabinet distributor, I have never found that replacing doors are cost effective.

Bought for $60k all in including the Reno Costs.