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[quote=Anonymous]For geographic reference, not in the DMV, but northeast major metropolitan area.

We own our house, free and clear. It’s just under 3000 sq ft but needs MAJOR work - structural stuff, floors, walls need to be moved, kitchen and bathrooms, HVAC, etc. It is also in a neighborhood I don’t like. After several years of living in a constant construction site, we’re considering buying a different home, same city, but in a neighborhood that we like and is walking distance to kids school.

I started looking at homes in the neighborhood, found a couple we like, and realized that while we like the neighborhood there are some challenges that aren’t house specific but rather city living specific. Amenities that seem fairly standard with a suburban house that aren’t for city houses. Lot size, living spaces, kitchen size etc. We’ve found a builder in the area who’s willing to work with us on a full custom gut renovation if we find a house on a lot we like, but I wonder if it makes more sense to just look in the suburbs?

We’ll pay comparable prices for city vs suburban house after reno costs, the city neighborhood we’re looking in has the school and commute benefits, and house values are appreciating. If we wait too long we’ll be priced out of the city neighborhood. However, we’re never going to have space for a pool in the city, and being able to entertain and host is a big deal. Suburbs are also safer. Moving the kids from the current school is a nonstarter, we love the school. [/quote]

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