Make Changes to Current Home or Find a New One?

We need quite a few changes in our current home, and we’ve been going back-and-forth about whether we should try to update everything in this house, or just move to a house that has everything we need. We estimate that it would cost between $60,000 and $80,000 to make the changes in our current home. Obviously, it would be easier to find and move to a house that has everything we need. It seems like it would be cheaper to do this. But right now we have a really low interest-rate on this house and interest rates have risen considerably so buying a new home means almost doubling our interest-rate… which of course we have to take into consideration.

We’ve looked at quite a few houses over the last few weeks, and found one that might’ve worked but they were already in contract. It’s difficult to help find a house that we find is aesthetically pleasing, is the right square footage, and the number of bedrooms and bathrooms. I feel like we might be looking for another few years before we find the perfect house.

It sounds like the more I write about this…the more I think we just need to make the changes to the house we currently live in.

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