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Real Estate
Reply to "Renovating a "shithouse""
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[quote=Anonymous]OP, there are several calculations that you should do before you make a decision: -value of your current home -value of the homes around you -number of years you would stay in the home (if renovated) -cost to move (in closing fees and taxes) -features of a home that you don't have, but would like -price of a house that had the features you wanted -cost to renovate (architect fees, permitting, contract price, extras like cabinetry, lighting, appliances, cushion for overages) -how much you could sell the house for, post-renovation There is such a thing as "overbuilding" so you're asking a valid question. [/quote]
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