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Real Estate
Reply to "What would you do? Buy new house or renovate existing house? "
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[quote=Anonymous]We are in similar situation. We bought one of the last tear-downs, renovated, but it's tiny. Covid pushed our limits. We both work from home so need dedicated offices. We are closein, a lot of land, bordering woods, in a splendid neighborhood, have a great rate on a smaller mortgage. It's all perfect, except the house. We have plans to substantially add on to existing and will end up with a 2.75 valued home (similar to others in the neighborhood). It will cost us around 900 to get there. But our all in for that will be around 1.6 million and to get anything comparable in our neighborhood would be 2.5 million. So for us, given the other intangibles that we would have to sacrifice, the #s make a lot of sense. [/quote]
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