Love it or List it: Should We Buy a Different House?
We are starting to wonder if we should buy a bigger house in a fancier neighborhood. I know, I know, it’s very not-pretending-to-be-poor. It’s true! But I’m coming to you with our real-life question, and I’d love your honest advice: should we love it or list it? True to the premise of the HGTV show, one of us is more inclined to love it than the other, though thankfully it’s not a point of real contention.
First, what could make us love it?
Better use of space: Our house is definitely feeling smaller now that we have a third kid. Our house was listed at 1268 square feet, but it is somewhat bigger than that. It’s a bi-level and the upstairs is about 1000 sq. ft. Half of the basement is fully finished and the other half is partially finished.
Bi-levels have some functional perks, but our entryway is tiny and bracketed by stairs. We can’t all come in the door and take our shoes off at the same time. Seeing guests out the door is awkward. We can’t keep our coats by the door because there is no room to get ready down there, let alone with a baby and stairs every which way. And if we each have one or two pairs of shoes down they take up half the space.
The other drawback to bi-levels is that when you have stairs in the middle of the house, it really chops up the rooms. So while we do have quite a bit of space, we don’t have any large spaces. And half that space is in the basement, which doesn’t help with the baby stuff that is taking over our living room.
I don’t want to have an unrealistic expectation of what our living space needs to be. I know many people live in much smaller spaces with many more people. Neil’s grandparents raised five kids in a small bungalow, living in that house for 70 years and never “upgrading.” It’s helpful to remember that it’s totally doable, but it’s hard to directly compare to a different era. We just want to keep things in perspective as we decide what makes sense for our family, in our time and place.
Neighborhood: We don’t live in a bad neighborhood, but just a couple houses past us in one direction the neighborhood transitions into rentals. While we are all about renting when it makes sense, there are several factors that make it more difficult to build community in this mostly-rental neighborhood. Additionally, many of our beloved neighbors have moved/are moving, especially ones with kids and grandkids around the same ages as our kids. There are still nice people and kids around, including one of our son’s best friends, but most of our friends and our kids’ friends live in a different neighborhood nearby.
So, the reasons we would considering moving are: more space/different layout, and wanting to be able to build more community, especially for our kids.
What could we/are we doing to love it?
Open concept: Before we moved in, Neil renovated the kitchen and dining room, taking down several walls that partitioned it and opening it up to the living room. We are working on giving away some larger furniture, which is opening it up about as much as possible. We also got new carpet in the living room, hallway, and stairs as the old stuff was very worn. The new carpet is not only cleaner and looks more updated, it’s so much softer. I swear the baby started crawling on her knees more as soon as we got it!
While I abhor the entry way and it’s really one of the worst parts of the house, it would be hard to change. Expanding the entry way would require bumping out the entire front of the house, which would be expensive, involved, and in my opinion, ugly.
We continue to try to figure out better ways to use our basement space, which is partitioned into four rooms–a family room with a fireplace, a possible bedroom/office, the under-heated office/hobby room, and semi-finished mud room which leads to the laundry room. But honestly I’m drawing a blank on how to improve the downstairs beyond getting rid of stuff we’re storing down there that we don’t use.
We can’t change our neighborhood, but we can be grateful for the neighbors we do know. We are also only a mile from the nearby neighborhood where so many friends live. So seeing people requires a little more planning and a short car trip, as we have to cross a busy road without traffic lights. We continue to try to make friends by taking cookies to new neighbors and trying to make play dates with kids from the bus stop.
Our wish list for a newer house would include a larger entryway, larger living room, a fourth bedroom, and the kids being able to walk to more of their friends’ houses.
After profits from the sale of our house, buying the size/condition/layout of house we’d consider in this neighborhood would cost around $800 more per month than we’re currently paying for a 15 year mortgage. While we can afford this, it’s a big “Would You Rather?” between that and other options like retiring earlier. And of course, moving is expensive. So if furnishing and maintaining a larger house.
Is it really worth $800 a month for a little bigger living area, when we just opened up ours? And for a better neighborhood and closer proximity to more friends, when we already live so close? I can’t decide! I’ve experience how amazing it is to have the spontaneous play of lots of friends up and down the street, and I really miss that. Scheduling play dates is more time consuming and it just happens less often. Lastly, our home will appreciate more in the fancier neighborhood. So what we put into it, we will likely get out of it one day when we downsize. But that’s a long way off, not 100% guaranteed, and not our primary consideration right now.
So what do you think? Should we love it or list it? Any brainstorms for loving it?