When you consider the cost of buying a replacement home, moving it, setting it up, and then completing any repairs, it usually makes way more sense to renovate the existing home instead. 

Many lessons learned here:1) Get some training from experienced renovation people before attempting projects like window replacement.2) Vet house hacking tenants with background check and believe what you read on the background check.3) The slope of the lot matters!

Many lessons learned here:1) Get some training from experienced renovation people before attempting projects like window replacement.2) Vet house hacking tenants with background check and believe what you read on the background check.3) The slope of the lot matters!

Unless you want to spend a lot of money upfront to replace/ update, then you’re going to have higher maintenance costs.

The good thing is that everything would be new, so we should have a few years before needing to replace much.

Hi Tiago, a couple things to unpack here. 1) Market Value and Replacement cost are not correlated.

As long as you are buying for the same price or greater than what you are selling and you replace the same amount of debt that you have on it, you should be just fine to defer taxes.

Replace the drywall, don't add base boards yet.You can't sell to a standard buyer without it cleaned up.

The other unknown factors (not listed in your post) are if any structural framing, roof or other big ticket items are in need of replacement as well which could add to your costs per SF.For a real and accurate answer, best to get 2-3 contractor bids.

Because the sewer line is something that can’t be seen without a scope and is difficult/expensive to repair or replace, scoping it is a cheap way to find out if the property is in need of an expensive repair or replacement in the near future.