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Real Estate
Reply to "What would you do? Buy new house or renovate existing house? "
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[quote=Anonymous][quote=Anonymous]We love our neighbors and neighborhood. We have been in the same house for 10 years and have out grown our house. We have 3 young kids in 2600 sq ft 4 bedroom 2.5 bath with 2 WFH parents. Would you do a major $200K renovation on house or sell and buy a larger house? A new house recently came up on the market that is 4200 sq ft 4 bedroom 4 bath for $1 million. We could probably get $950,000 for our existing house (bought it for $700,000) and have about $450,000 on the mortgage plus a $100,000 HELOC to pay off. We have a very low interest rate which makes me nervous to even look at a new house. But we really need more space. What would you do? [/quote] You must not live inside the beltway. 2600 Sq ft is large inside the beltway and would be 1.5 million. [/quote]
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