Which Is More Practical: Financing a Home Addition or Buying a Bigger House?

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  • Опубликовано: 27 окт 2024

Комментарии • 16

  • @foxtrot35
    @foxtrot35 Год назад

    Hi Clark. Sure enjoy your thoughts and openness. Your staff family add so much to your show and email! Thank you!

  • @rodrickthompson2799
    @rodrickthompson2799 Год назад +4

    I was on the fence for a while. Do we stay do we move. IF we moved, it was NEW or NO. Thought about that high dollar mortgage vs my current and whats left. Crunched numbers from all angles. If move whats owed when i retire in a NEW. Me and wifey decided on the addition. The two numbers that made the difference to us was 53 plus 30. Diddnt want a Mortgage at 80 years old. Ten years younger?? Absolutely we gone!!!❤️👍🔥💯

    • @bidmcms3
      @bidmcms3 9 месяцев назад +1

      Yeah but aren’t you paying basically same amount for the addition?

    • @rodrickthompson2799
      @rodrickthompson2799 9 месяцев назад +1

      @@bidmcms3 NO!!!

  • @jamesjazzy8040
    @jamesjazzy8040 10 дней назад +1

    You forgot one thing: getting a good contractor is not easy where I live there's no licensing you got a 50% chance of hiring a loser...

  • @jhlfsc
    @jhlfsc Год назад +2

    If your addition/renovation is large enough, the bank may make you roll your current mortgage into the new loan which still changes your low interest rate anyway

  • @KC-dr3cg
    @KC-dr3cg Год назад +1

    Do you TRULY need a bigger house? You didn't share enough details. We had more space by becoming more minimalistic, repurposed vertical space to clear up more floor space..a closet became a "home office", we used more of our outside space ,we added the smallest 1/4 bathroom EVER in the closet of the room that butted up to the existing bathroom (stole online ideas from Japan)...$2,000 in 2022. We are living well below our means to save cash to move with the kids get older.

    • @Clark
      @Clark  Год назад

      Love this! Thanks for the great tips on finding more space in your current home! 💚

    • @rodrickthompson2799
      @rodrickthompson2799 Год назад

      That idea works when 2 people are sharing that same vision, Smart move!!!

  • @OilMan713
    @OilMan713 3 месяца назад

    Does the home addition change anything with your current mortgage?

  • @noreenn6976
    @noreenn6976 Год назад

    Clark must be on vacation?

    • @KC-dr3cg
      @KC-dr3cg Год назад

      What?

    • @noreenn6976
      @noreenn6976 Год назад

      @@KC-dr3cg no full episode posted today or yesterday

    • @Clark
      @Clark  Год назад

      Clark was feeling under the weather, but he's doing good now! New episodes coming soon 💚