Hi Everyone!
Happy Monday loves! Who here forgot to move their clocks up Saturday night and then woke up late for a 9:00 coffee date on Sunday morning because they thought it was 7:45 when in reality it was 8:45? Just me, huh!? Gotta love it… Today I thought I’d share with you guys a bit more about our downsizing plans.
While the driving force behind our downsizing decision is based on our desire for a lifestyle change, a large part is also rooted in our goals for long term financial security. For us this means we want to not only pay much less for our next home than we did our current one, but we will also be going into this with the goal of paying off our next mortgage early. In a perfect world we’d like to be mortgage free by our early 40s.
We purchased our current house at the bottom of the market and are fortunate to be in a good position with it now which will be a huge help in making this plan work. With that in mind we are centering our next home search around older homes in need of TLC.
Because we plan to be in the house for at least the next 11 years we sat down and made a list of features it absolutely must have in order for it to work for us over time. We have no expectations of grandeur here, guys, but we also don’t want to have to take something down to the studs and start from the bottom. I’ve mentioned a few of these things randomly in posts already, but here it is all together
Katja @ Shift Ctrl ART says
Great list. Especially the gas line. I want that in my next home.
Anonymous says
Above all else I think paying your mortgage off early is the most important, as well as empowering. I am in a single income household and I made that my first goal, paying a 30 year mortgage off in 13 years. Each and every month I sent in 2 checks, one for the mortgage payment and the other specifically marked as a principal payment only. You do have to monitor the bank to make sure they apply the payments correctly, some of them do it right and others don’t. I love you must have list.
Anonymous says
having lived in a mid century house you will not find an open floor plan,air conditioning,decent closets or a private bath so be prepared to renovate…excited to follow your adventure-you have great style and i look forward to your posts!!
Connie says
Sounds like a good list- especially the fireplace!
The Vintique Object says
I hope you’ll run some potentials by us — just to tell us what you are looking at and why you liked/disliked the houses. That would be fun!
Camille
Jennifer@The Chronicles of Home says
So hard to find everything you want but I also think having a list and clear ideas helps. And most often your gut will tell you when it’s right 🙂
Caroline Nolazco says
That’s crazy! Commuting for children?!?! Can’t wait to see what you find!
Cassie @ Primitive & Proper says
good luck in getting everything on your list! 🙂
Julia Konya says
Wow, 45 minutes for a school runs. That’s crazy!!!