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Money and Finances
Reply to "sell as-is vs renovate"
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[quote=Anonymous]Smart renovations can lead to an ROI on the sale. Though depending on the condition, you may just be better off selling as-is. There are 1BR condos to be had for 300-400k which would involve minimal debt. You could also move to a lower COL area considering you WAH. What about Charlottesville? Baltimore? Good healthcare. Tell your college student you’re not in the financial situation to have a 2BR. You fully funded college which is a massive boost. I would worry about the cost of maintaining this house spiraling out of control given health concerns. I’d downsize when you are doing better health wise. CVille or Baltimore, for example, isn’t that far from your friend group. If you’re not meeting your costs now on your income, keeping your house isn’t an option whether you renovate or not. And renovating in this housing market is a huge risk. Dump the house, take the equity, and figure out the rest. [/quote]
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