The Money Pit is a 1986 American comedy film directed by Richard Benjamin starring Tom Hanks and Shelley Long as a couple who attempt to renovate a recently purchased house. It was filmed in New York City and Lattingtown, New York, and was co-executive produced by Steven Spielberg. Released in 1986 this week with a budget of $10 million , the movie grossed $37 million and has gone on to be one of the most beloved 80's movies. Trivia: The movie was the first remake of Mr. Blandings Builds His Dre