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Home Improvement, Design, and Decorating
Reply to "would you spend 200k upgrade on a 630k house?"
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[quote=Anonymous][quote=Anonymous]I would, Moving is expensive. You have to budget atleast 20K between real estate fees and fixing up the house to be sold. Then fixing up the next house is another 5. That's 25-30 K gone. Additionally, there is no way the new house would have all that I would get if I designed the renovation myself. So that's another 25-30K of value to me, personally. Add these up and you have 50-60K lost in the move. The way I look at it, I am losing about 50K by moving. If I spend 200K to gain about 100K in resale value, I have really lost only 50K (100-50K cost to move). I love my location, and my land is very flat, so a 50K loss is not that bad.[/quote] You are underestimating moving "costs". If I could solve or close to solve my issues with my current house in place, I would have in a heartbeat. [/quote]
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