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Reply to "What would you do? Buy new house or renovate existing house? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]NP - OP, just chiming in to say I get it entirely. We have three, DH and I now WFH mostly full-time, and space is an issue. Our kids are all in elementary and while eventually they’ll move out, we don’t want to be cramped and miserable for 10+ years. Quality of life matters, too. I’d be very realistic about what a renovation could get you vs. the new house. Even if it needs cosmetic things done, you could do those over time and the extra space might be very welcomed.[/quote] Op - I grew up in a 4300 sq ft house and my sister (family of 4) has around 4500 sq ft house. It is always so nice when we visit. We have visitors quite often and it is very cramped when we add 2 or more people to our already cramped space. [/quote] You shouldn’t decide whether to move based on visitors. This said by my MIL who visits me and sleeps in a pull out in our guest/ play room. We always offer our primary bedroom when they visit, but they sleep in the guest/playroom. Good neighbors and location are priceless. Renovate although the $200k won’t cover it so maybe do in stages? My in laws moved from an 8000 square foot home to a 4000 square foot home basically to accommodate guests. Now they are selling again to live at their beach house full-time until they move to assisted living part of the year (the one they like has a long waitlist). It’s nice visiting them with that much space but why should they live in a huge home for two people to accommodate my family? [/quote]
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