We had someone over for breakfast yesterday morning. We got talking about homes, the challenges of finding a new apartment within a modest budget in a great location, and the lack of availability. After exchanging notes about the travails of living in a home with mosaic flooring and underneath of sink home to generations of roaches, we wondered what takes precedence: location or floor plan? It is a well-known fact across the world that homes are often decades old in the heart of any city or well-developed neighborhoods. In this case, the home had both the factors, location and floor plan, in its favor. The only thing going against it was its age. So what do you do? Renovate, of course. If the foot print of your home is sufficient, location awesome and it’s just the outdated flooring and wear and tear of the fittings that you are grappling with,…