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Reply to "How do people "upgrade" houses? "
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[quote=Anonymous][quote=Anonymous]We bought our small starter home 20+ years ago and we are still here. There are times I wish we had a larger home- mostly when entertaining or when kids have friends over. That said, the house has served us well and while we could have bought more home, as most know homes are expensive. They’re expensive not just to buy, but to maintain. More house = more maintenance and larger tax bill. [/quote] +1 We've come to realize this about our starter home too. We are so much wealthier than we would be if we traded up. Yes homes appreciate, but we were able to invest surplus in our investment accounts. If we had the transaction costs of buying, selling, moving, refurnishing and then the general increased costs of owning a larger more expensive home we would be far worse off. [/quote]
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