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