Stay In a Smaller House With No Mortgage, Or Move To Bigger With A Mortgage?

Answers:1   |   LastUpdateAt:2012-09-27 23:09:02  

Question
Harol
Asked at 2012-09-21 02:20:04
My husband and I have arguments because I want to move to a bigger house . We have a small house - ish to the city we live (3 bedrooms , 2 bathrooms ) . It is comfortable but not luxurious . Our mortgage is fully paid and have no debt other than a very small car loan . My husband wants to stay in our house because it says that we have the financial security ( no mortgage ) , but I feel like I want to move to something bigger . I want to meet the people's opinions about whether we should go to a bigger house and take on a mortgage or stay where we are ? Our jobs are pretty safe , but nothing is 100 % today . We pay our mortgage ourselves - not with the help of winning the lottery or family - now I think it's time to upgrade homes , but my husband thinks we should stay where we are for a few years , raising money and then maybe move on to something bigger. Our house is fine, but in the city we live there are many mansions , so the house is small for our area . I agree that it is good to have security , but I would love to have a bigger place . Can anyone give their thoughts and reccomendations ? Am I being silly to want to move to something bigger or financial security is now more important that we have in today's uncertain climate '? HELP !
Answer1OliveAnswered at 2012-09-27 23:09:02
I agree with the husband in saving up money . So instead of going through the house sale , mortgage and moving again, I'd think about adding to your home one room at a time until it is as big as you want . Then reshape what we have built . Thus, if you have unstable income , is still in a house you own. MedlinePlus MedlinePlus First cost can be for the architect / engineer to help you find a design you like . Get a soil test , if you plan on building up the pieces to the background and make the soil is stable enough to handle the extra weight at home . MedlinePlus MedlinePlus With blue prints in hand , you can get advice on which rooms to go and complete before starting a new addition. This keeps your home at the touch if the money runs out during the renovation. Again, home ownership and there are still parts that are complete . MedlinePlus MedlinePlus That's what I would do .
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