Is it better to build an addition to your home or sell and buy a house that best suits your needs?

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August 10 2010 2:55 pm | In : Home Mortgage

We are currently examining the development of the addition on our home page, but come and go, whether it would be better to just move. We have joined with the conversion of an existing garage for two vehicles in a large game room and try to build a new garage for two cars in front of the old. We have the space to do so. We are also concerned about the transformation of the kitchen at the same time and the construction of a fully equipped bathroom (we currently have a half-bath, which would then go to the office and / or wardrobe We do our keller.de next step in the houses in the area that could have a basement and are about 15-20 years younger than our current house is around $ 100K-$ 250K more in price inbegriffen.Es might also be worth mentioning that we are currently 5% 30-year mortgage have an equity for a mortgage.

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Comments (4)

I feel the conversion and would be a better deal for you. Forget your impact on other social buying new ones if you have nice neighbors.

My wife and I consider this very thing. For us, because we now have four children and the house we are always crowded. I want to move, she wants to wait five years, but I said, I’d be willing to stay if we built an addition. What it really depends on the sentimental value of the house for you. If you really like and really do not want to leave – no. I want to shop, just to see what is available. But I read recently, you should not buy a house, where the cost of more than three times your annual salary.

In the same situation hier.Auf long term, I personally will stay where we are with our neighbors, quiet, and the school is better than a new house to buy. higher electricity bills for a bigger house and so on, until an empty nest in 8 years or less convincing and Größe.Also, I try to think bleiben.Ich husband is agreed with me in this matter.

Restructuring is much cheaper, and since you have a consolidation interest rate and equity good home, I would in any case, your current home. Best wishes!