I’ve been in my home for 19 years. I have $300,000 equity in the thing, but I’m not going anywhere.
But to get top dollar for it, I would probably have to put $15,000-$20,000 worth of upgrades.
Selling a house would be great, until you realize you have to buy another one.
3 years ago we built a retirement home by the lake. And moved. But we decided not to sell our family home of 34 years. But to rent it. Extra monthly income is nice.
And while our home was nice and needed no major repairs, it did need quite a lot to get it market ready.
New paint, new carpet in the bedrooms, getting rid of the popcorn ceilings, and more. All told - about $8,000 worth of cosmetic work.
When it was all done, it was so nice we wished we could stay. And maybe one day - we will move back “home”.