Built Our Home in 2013 for $157K, Now Worth About $300K. What Should We Do?

Hello peps, We built our 3-bedroom, 2-bath house back in 2013 for $157K, and now it’s worth around $300K. The house is 1,457 square feet, located just south of Austin, Texas. We are a family of four, expecting baby #3 in 9 weeks, so fitting five people into less than 1,500 square feet is getting tight! The home is in great condition.

*I’m wondering what you all think we should do. Should we stay here and enjoy our 3.4% interest rate and low mortgage, or should we move? All the homes with 4 bedrooms are going for $330K and up.

Our annual household income is $100K, and we have no debt besides a $600 car payment. We aren’t in a rush, but the market has changed since we built. Just looking for opinions on the best path forward. Thank you :wink: :innocent: :blush:

Hi comrades,
Take present interest rates into account when thinking about a cash-out refinance or HELOC.
Recognize the patterns in the local home market.and also
learn more about the possible tax repercussions of your choices, speak with a tax expert.