re: Steps to take when remodeling house

House is almost 60 years old. I bought it for 300K, and have about 60K into it over the last 5 years. I anticipate this remodel to be around 80K on the very low end, and 120K on very high end. So if we split the difference and call this remodel 100K, that would put me all in at 460K. To buy what we want in our neighborhood would put us over 600K In fact that may not even do it. I'm in the Hundred Oaks area of BR and these old homes run pretty high once they're remodeled.

Not to mention my interest rate is 3.5%, and I won't get that again. I've thought about it a lot and it just makes sense to drop the money on our current house vs. buying in the same neighborhood. And my wife will not move out of this neighborhood.