Asked by Home#2, Los Altos, CA • Sun May 11, 2014
My husband and I have been looking for a Palo Alto or Menlo Park home in the $3m range. We love Cresent Park, Community Center, Central Menlo, Allied Arts but can't afford the kind of home we would want (newer & 2500 sq ft) in these neighborhoods.
Our debate has been do we buy a crappy but liveable house in a good neighborhood with the intention to tear it down and rebuild in 3 years when our incomes allow this or do we by the kind of home we want in a neighborhood that is more affordable but quirky (Barron Park, University Heights) and move in 5 to 7 years?
I know we could do something in the middle like a remodel but we haven't seen many successful addition/remodels and would rather rebuild than put humpty dumpty back together again.
Thanks in advance for your input!
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