should I sell it?

Question

I have lived in this house for 10 years now & have worked hard on this house to make it low maintenance & it is now worth double what I payed for it, should I sell it & start again with a fixer upper or stay here & finish paying the tiny morgage & have nothing to do but up keep?

Answer 1

Sweetie, the sale of your existing home and subsequent purchase of another home would keep your equity moving up! OK, you should know that you will most likely do well with real estate, there is only so much of it you know? Loan rates are still good if you shop around. You, can decide if you want to fix up or not. Look around, take some time and go look at some homes where you might like to live. I just purchased a new home on a lake last year, a dream come true!

YOU CAN DO IT!

Good luck,

Let me know how your doing with this or if you want to chat about it via email.

Answer 2

A few factors will certainly help you decide.

Do you want to move?
Are you just bored with it?
Is the market value up enough to create enough profit to bank a large sum?
Is the neighborhood in decline, or upsurge?
Do you really want to do a FIXER, again?
Double,,,in profit, might mean you could bank half certainly, but then have to reinvest it,,,and your energy, in a fixer.

I've done this more than once, and happen to be in the trades where fixers are what I look for in buying, but I don't want my houses to be my life long career. Unless I can continue to fix and profit, I see no call,,,for me, or you, in your case, to rush into something else.

If I were you, I'd take care of what I have, enjoy any extra cash that the current house saves you, keep it in good condition, and if you're truly interested, search for investment properties, at some point.

A ten year span is not a bad amount of time to double the value in a house, and not knowing the initial cost or invested improvement costs. I'd say that making $100,000 over 10 years on a house that cost 100 K in 96,,, aint too shabby.

Rev. Steven

Answer 3

If you like the house, and location then stay. The house value will always be there. If there are other things you need that the house cannot provide you with, then move.
Also in ten years house values have gone way up, what you pay for a house now with your profit, may only get you a house that is equivalent to the house you bought ten years ago.

Answer 4

If you're almost done paying off your mortgage, stay and enjoy the house for a bit. It is a dream for most people to live in a nice home without having to worry about payments. Though I can't say that about you exactly since I don't know you. The decision is yours to make in the end.

Answer 5

stay why have a huge payment when you don't have to. Unless you make enough on your house now to pay most of a new one off and you really want a different one. Just think bigger mortgage wow can I afford it?

Answer 6

Stay put.............the real estate market is in a downturn.

Cost to replace your home will outweigh what you could realize from the sale profit.
Also the mortgage rates have risen and it will cost more to get a new mortgage.

Answer 7

I would stay there...Have you seen how the prices of homes have jumped?
On the other hand, if you enjoy fixing things up, take the jump...
We can't decide for you...

Answer 8

stay there and do nothing but upkeep, also offer your services to others for a fee if possible.

Answer 9

nice a ss et

Answer 10

if you like living in the house keep it.....if you don't sell it.