You might be surprised to learn how much it can cost to move. Figure out how much you should budget here.
Why lose equity moving when you can BUILD equity by renovating?
There are a lot of hidden costs when you buy and sell your home. This calculator is here to show you how much it actually costs to change addresses. Does it make more sense to move? Or to renovate?
Current Home Sale Price
Enter 0 if 1st time buyer
New Home Purchase Price
Any Mortgage Buyout/Penalites?
Property Transfer Tax (on purchase only)
Total Moving Cost
Realtor Fee After First $100k
(assumes 7% on first $100k), typically 2-3% on the balance
Current Home Sqft
Desired New Home Sqft, including Garage
New Home Construction Cost,
typically $225-$300/sqft for homes >4000sqft and $260-$325/sqft for homes <4000sqft
Floorplans & Interior Design Allowance
Permits & Professional Fee Allowance
Total Construction Costs
These numbers are very high level simple allowances/calculations. Costs for construction can vary greatly from jurisdiction to jurisdiction and also vary depending on exsiting site conditions and/or environmental conditions. To get a more firm idea of what a new build might cost where you live, give us a call and we can discuss what steps might need to be taken to determine that.
If you are selling your current home before or during construction, don't forget to add rent, any extra storage you might need, as well as an extra move.
Renovation Costs: there is too much variance to provide an easy to use calculator. Give us a call or fill out the contact form and we can talk you through what those costs may be... That said, we are working on a more detailed renovation and new home construction calculator to help you make an informed decision. So stay tuned for that!