Houston here, I have a house that is built in 76 and has about 18-28k of damages. Har says the home is worth 170k, should I sell and get something newer?
Need more information. It has $28,000 worth of damage and is worth $170,000. How much do you owe? If you owe $150,000 then my answer might be different than if you owed $62,000. And if you sell it, what will you do with the proceeds? Could you buy a better investment and get a better return?
Why will it cost you $28,000 to renovate? Doesn't this qualify for an insurance claim?
@Ben Hogan Hey Ben. My team works with many affordable contractors in Houston. Let me know if you need assist mapping out some of the numbers for rehab vs sales price as is vs sales price after fixed. Usually selling as is will net you the least money, but I don't know your specific home.
Also, did you consider going through your home insurance if you have it?
I do have insurance and they are covering about 10k out of the damages.