Reply to Should we move from our current near perfect town for a nicer house?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You have to decide if beach is really important for you and if you are going to miss it.  It will be a huge change if you are a beach person and easy access to the beach was the part of living there that you liked.  Obviously, people move from areas they loved, but it's not like you are relocating to another metro area or overseas.  The feeling of loss might be stronger here given it was an option.  I would look into maybe making an addition to your house?[/quote]

We are not big beach person (don't play water sports or boating), but we do enjoy relaxing by the beach while watching kids playing for 1 our 2 hours.  My biggest concern is actually the loss of easy access to NYC, if we do move, we will likely need to stay overnight at NYC if we visit it with kids.  Not sure how much of that will matter.

We thought about doing an addition to the house.  Our house was built in the 1980s with 4 bedrooms and we will need to add 2 additional rooms if we go that route.  Not sure how that's going to affect the house value since houses in our town with that many rooms are usually newer.[/quote]

If your house is considered a tear down in your city then it makes no sense to renovate/expand as you will not get your money back.  It happens in many places where new $$$$ homes go up devaluing older homes to the price of land only.  You should only do this work if you really want to stay in your house forever or at least for a very long time and QOL investment is worth it.   Sounds like it isn't worth it since you aren't set on staying.   Are there places closer to NYC that still provide you with cost savings? Or you really must stay in CT? Even closest CT towns are far from NYC IMO.  Westchester, LI, Jersey may have more options. Or maybe you won't find going to NYC as important, only you know.[/quote]

Thank you for the feedback!  I wouldn’t say our house is near tear down level in our town, more like slightly older than average.  For 4 bed room houses there are many houses on sale similar to our age.  The problem is for 6 bed room houses, they tend to be newer in our town.  There are still some 1980s houses sold in that category but much fewer.  Do you think your analysis still apply in this case?  [/quote]

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