DH and I have looked at a few smaller houses lately because we have thoughts of downsizing. I should say, I have thoughts of downsizing, DH is not so on board. It's not due to financial concerns or anything, at our current rate we would pay off our mortgage in 46 months anyway.
My reasons are this: Our house is huge...to me anyway. It's 2 storeys, 4 bedrooms, 3 bathrooms, 2400 sq ft on those floors, and we have finsihed most of the basement ourselves, so maybe another 800-1000 finsihed square ft there. 4th bathroom is not done, but can be in the basement. We also have 2 car garage. It's new, 5 years old and has had a few small issues, but the builders have fixed them. They are in the business of building lots of houses fast, so I could foresee other issues in the future.
I hate taking care of this house. The maintenace, the cleaning, and the bills. It's all very financially fine for us, but I am a minimalist at heart and really would like to have only "enough" space. We have rooms we don't use at all.
DH agrees with this in theory, but in order to get what I want in size we would have to move to a different area. It's nice but not AS nice as here. We're in sort of a sought after neighbourhood. DH has a big issue with leaving hte neighborhood, but at the rate the houses went up, we'd end up building a bungalow here at the cost of our current 2 storey.
Originally I figured we would move around again...part of the job! But it looks like we could very well stay here most of the rest of our career, if not all! So now I'm thinking, gosh is this the bohemouth house I want for the next 15, 20, or 30 years?!
If we did go for the 3 bedroom, 2 bathroom, smaller bungalow we would probably also pick out some nicer finishes, so in the end, the cost would be no so different (probably 50-70k). But DH sees it as we have less house, worth less, in a crappier neighborhood. I see it as, this is our home, the neighborhood is fine, very nice, but yes, not AS nice as here, and I don't have the mental stress of this HUGE house!
So am I crazy for wanting this? DH sort of thinks so, but at the same time he is going along with figuring it out anyway. We're seeing some houses, etc, looking around, trying to figure out what our house would sell for. I feel like I'm pushing him into something he doesn't want, but at the same time, I don't feel like this is what I want for 20+ years. Is there a compramise here that could make us both happy?
Anyone been in this situation, or downsized for any reason?
1 - Current house
2 - The bungalow I like. It's half built now, they're finishing inside.
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