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Reply to "Full gut renovation or buy new"
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[quote=Anonymous][quote=Anonymous]I would choose a nicely renovated 100 year old house with 10 foot ceilings near family over some generic new construction (assuming you’re not planning a custom-build?) in a totally new city far from family. Being near family alone is invaluable. But also the house/location you describe sounds so much nicer than most of the new construction in this country. It will be way more than 200k though. We spent nearly 300k for a small addition, 3 new baths, kitchen, and siding alone. That was 2 years ago. Prices only going up since then. But if your mortgage is almost paid off and you can afford it, do it. [/quote] OP here. House is free and clear, never had a mortgage, bought cash and it was 100% a case of fortune favoring the foolish. [/quote]
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