A lot of people on the Eastside have run exactly this math and landed where you’re landing, mostly because the school and neighborhood factor doesn’t show up in a price comparison. The honest caveat is that whole-home work is disruptive in a way that moving isn’t, and you should decide upfront whether you’re living in it or renting somewhere for a stretch. Also get an early read on systems – insulation, windows, HVAC – since doing those alongside finishes is far cheaper than revisiting later. Bellevue Home Remodeling is the relevant page at New Day Construction, who do this scope regularly on Eastside homes.