re: Sinking money into a makeover vs. selling (building/buying new)

quote:

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We really like our subdivision, specifically our neighbors. If we moved, we want to remain in same area / school district.

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Look hard at build quality. It’s hard to do things like update wiring, smoke detectors, etc in older homes but easy in new builds. But not all new builds are quality construction.

You gotta compare location, lot size, etc. for older homes.

Also cost in the moving expense and be honest about things like new furniture and other expenses to moving homes. You could easily have $5-10k in expenses just to switch homes that you wouldn’t necessarily account for.