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AsherN
Premium
join:2010-08-23
Thornhill, ON
reply to treeman

Re: Square footage/Family size

So you have 2 kids living at home. Even when away at colloge, they're home a significant part of the year, usually 4 months in the summer, Xmas, etc.

Is your current house paid for? Would downsizing save you money?

I'm in a similar situation. My oldest lives at home, but work has him travelling a lot, he's moving out later this year. My yongest is at university out of town for another 1.5 years, then at university in town for 2 more years. Right now, we're alone in the house a lot. When we looked at it, we decided to keep our current house until we retire, 10-15 years, and then sell the house and rent an apartment. It came down to not want to just move cash around just for a slighly smaller house.


treeman
Premium
join:2000-07-15
Mcgaheysville, VA
We use to live in Alexandria Va, sold that house in 2005 prior to the housing crash. Had lived in that house for 12 years, paid cash and when we sold it we pulled 4 times what we had paid(Alexandria is sought after, but way over priced). When we moved here we paid cash for the house and the addition that we built. The next house I would build, so we would pocket money. By building a house we would be able to make it more efficient, even though this current house had a engery efficiency approval stamp when it was built in 1996 alot of things could be better. I just want to lose about 1000-1300 sqf, and as age catches me be on one level.