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Reply to "Should we spend 500k on a renovation?"
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[quote=Anonymous]These are always interesting threads to read. I'm in Mclean in a house that would sell for $1.5mm now, and i'm considering a major renovation as well to enlarge bedrooms and living areas and improve our outdoor space. The challenge with moving is that there is nothing 'better' than my current $1.5mm house, in the same area/schools, for less than $2.5mm+. Short of spending substantially more to buy or moving to a new school, renovation seems like the best option and i have to imaging that is what is driving up contractor fees. If we had dozens of $1.8mm-$2mm houses on the market moving might work. Probably similar situation in Bethesda. [/quote]
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