Asked by Hb2011, 94506 • Tue Mar 6, 2012
1. Old house hasn't been touched since 70's needs about 300k in renovation. But in a neighborhood where many houses have been leveled and rebuilt. 2. Brand new construction and gorgeous house exact same size as house 1, but it's in an older neighborhood where there haven't been any houses fully renovated yet. This is the only new construction.
By the time we renovated home 1 it would cost the same as home 2. What is the better option? We plaN to live there for 10 plus years but need to refinance in 2-3 and pulling some equity so we need to look at investment.
Should mention both houses in same school district.
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