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Reply to "What would you do? Buy new house or renovate existing house? "
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[quote=Anonymous]Op here - thanks for all the replies. Yes new house would be less than a mile from original house. So obviously close but not next door to the neighbors we love. We have already done a bunch of renovations on the house - bathrooms, office, roof, windows, etc. that is what the HELOC is from. With interest rates being so low it was easier to do that than cash in investments to pay for these renovations. We bought our house 10 years ago at $700,000 and have since refinanced to a 2.5% interest rate. Our HHI has also gone up significantly but so have our expenses (3 kids!). [/quote]
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