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The Guardian - UK
The Guardian - UK
Business
Virginia Wallis

I’ve inherited some money – should I save it or renovate my house?

Terrace house rooftops in Leicester
Essential renovations include anything that makes your property watertight, weatherproof and in line with current safety standards. Photograph: Loop Images Ltd/Alamy

Q I have inherited some money and am wondering whether to save it or spend it on renovations around my house.

The mortgage is paid and I took early retirement so although I have a pension I do not yet have a state one, plus I have a private pension worth £125,000 which I have not yet touched.

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