The fair market value is 60,000 ,and we have a home equity loan
with about 16,000 left to pay,from siding and a new deck she had installed before we were married.

The house needs substantial work including a new roof and plumbing and most likely wiring too.

We would like to fix it up and sell the house to move closer to our jobs and get away from downtown.

My question is what would you do?

Spend the time and substantial money to fix the mess?
This would mean refinancing the existing equity loan to a much higher amount…with the possibility of improving the houses value.

Or, Sell the house and get what we can now and use the money to pay off the loan and get a new mortgage on a new house.

Does investing in massive repairs pay itself back in selling ?

We both have good jobs and no dependants, but our credit history is only so so . What should we do?

MITCH