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Real Estate
Reply to "Older kids/do you need more space"
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[quote=Anonymous]We have a 4 bedroom house, 3 bathrooms, plus a large size basement, big yard. Not a fancy home by any means. We bought it because we lucked out and found a house that size in our price range. However, the upkeep is a hassle with a big house and everything you do to it cost more. We have two children 2-4 age range. We can afford the mortgage but didn't anticipate all the costs associated with a house built in the 70s that needs various aspects updated. We are thinking of buying a SFH instead and selling the current place. It's a good neighborhood and excellent schools, inventory is low right now so the few houses in the neighborhood sold quickly. We have equity but of course, there would transactions fees associated with selling and buying a place. We're simple people and somewhat feel more comfortable with a more downsized lifestyle. Some people have advised us to keep the bigger house because as the children grow older you need more space. Is this true? Is it crazy to downsize considering we can afford the current mortgage.[/quote]
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