Sadly, this is not my house, because I love this house…
Recently, I think I’ve finally landed on a plan for what to do about my house.
In case you’re wondering what’s wrong with it…nothing. It’s just that ever since I got divorced, I’ve been wondering what to do with the house. Should I stay or should I go? If I stay…oh you know the words to the song!
Here’s the rub…
Although it’s not a mansion – not even a McMansion – the house is probably too big for just three people, and next year, it will just be two of us most of the time, since my daughter will be off to college.
And to be honest, the house to a wee bit too pricey for me on only one income. Like many people, we’ve experienced some mandatory belt tightening. Plus, the value of the house has gone down. Significantly. So much so that if I sold now and actually had the audacity to hire a real estate professional, I probably wouldn’t make back any of the down payment. Meaning that I wouldn’t have enough to put a down payment on a smaller place. Meaning that I’d have to rent, and in our area, the rents aren’t that much less than my house payment.
For now the plan is to stay in the house and squeeze by financially for a couple more years, until the market improves and/or I have more equity in the place.
In the meantime, I’ll continue to do projects and complete house goals that take it from tract house to treasure, so that if and when I do decide to sell, it will grab someone’s heart immediately and will sell quickly. And of course, we’ll be the lucky folks who get to live there in the meantime.
So for now that’s the plan. It’s not written in stone and it may change 20 times between now and Sunday. But no matter what, I’m determined to make some model home magic happen on this place, and of course I’ll share it all here!
How have your home plans changed in this tough economy?
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