Wednesday, May 16, 2012
Hi my friends. Maybe some of you have some thoughts on this subject or have gone through the process before. I am having a difficult time deciding whether to keep my home or whether to sell it and rent an apartment.
I have lived in my home a long time with virtually the same great neighbors. It is a nice peaceful street in a nice section of the city. I have lots of room in the house with a deck and an enclosed back yard. I really like the house although it does need some "sprucing up" (inside paint, hardwood floors refinished, etc). But within the past ten years it has had a complete remodel with new kitchen, bath, all new woodwork, new heating/AC system, etc).
My problem is that I may want to travel a bit now that my Mom has passed on and I don't like leaving the house in the winter especially. I know I could get a neighbor to check on it daily for me but I think I would still worry a bit about it. The snow would still have to be removed in the winter also even if I'm not there. I thought that maybe by selling and getting an apartment that I would have no headaches and could just lock the door and leave for awhile.
I did all the finances and although I do save on the expense of owning a home, rents here are very expensive and I wouldn't come out much further ahead by selling even after I invested the proceeds of the sale of the house.
Also, apartment living has its drawbacks in the restrictions the landlord places on the tenants. I can't rap on at 3 am, I can't play my guitar when I want, I can't grill on my deck like I can now. Yet I don't have to worry about snow removal or cutting the grass.
The other thing that factors into the equation is that most of my wonderful neighbors are getting up there in age and will be selling their homes within the next few years. The people that buy the homes in my area now are mostly landlords who fix up the houses to rent to our local university students. So, if I keep the house who will I get as neighbors?
I change my mind every five minutes on this. So, if you have any suggestions or maybe have thought of something that I haven't would you please leave a comment. I'd love your take on this. I guess it all comes down to personal preference. Since university I have never lived in an apartment and I don't really know if I would like it.
Thanks a bunch!