Reply to How to swing a move to a move up house?

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[quote=Anonymous]OP here--

Thanks for all the feedback and strategies.

Our current house isn't really a starter home. It's a fine house, a 3 BR fixer originally which we've done a lot of work to. But there are a couple of things pushing us to move that reorganizing can't solve-- the most important of which is that's on a really busy street, which doesn't always feel safe with the kids, with no off street parking. We could maybe build that, but we'd still be on a busy street.

It's a semi-detached, and I'd love a single family at some point. It doesn't any flex space at all, for office or hobbies or workshop. It still needs some work. Plus some other things. It would be nice to just move on and start new somewhere that fits us better.

Another consideration is timing. I don't think this is our forever home, and DC home prices seem be going crazy-- I'm worried that if we wait too long, we'll be priced out of the market entirely (even though our house is appreciating too). We have to stay in the city for (public) school.

But we could stay-- it's not impossible to imagine that.

We have no debt other than our mortgage, but have had pretty hefty child care costs for the past few years. Those are easing now thankfully though, freeing us up to think about other things. Our income has also grown a lot since we bought this one.

It sounds like most people think that the option of buying a new house while keeping our current house and renting it out won't work.  I like the rent back option, although I think it would stress me to worry about finding the right place!

Thanks for all the input. [/quote]

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