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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]OP, I’m puzzled - how can a substantially larger home in the same neighborhood cost only marginally more than your current home (1 million vs 950k)? If that’s true, then you should move. Otherwise it might be that the larger home is in poorer condition that you need to renovate anyway. Then you should stay and renovate over time.[/quote] Op here - I am not sure either. I think the other house is under priced. Redfin estimated our current house at $960,000. So I think we could get close to that. We have done a lot of upgrades to the house. We just need more square footage. [/quote] It's probably priced low to generate interest and will go for well over $1 Million. That's how this market is working.[/quote]
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