When we purchased our house in 1999 we made the decision with the thought that we would live in our house for 10 years. Well we almost made it. The truth is we could have lasted another year or two but things are definately starting to get cramped. With three kids and only 3 bedrooms it means we needed to double up the girls and their room is pretty small. Also the lack of a back yard was getting to be an issue.
Its been reported that in the last 50 years house sizes have nearly doubled (from 1100 sq ft, to over 2000 sq ft) even as the average family size shrinks. I am not sure how that 1100 sq ft house managed with so many people. Our place is just under 1700 and it certainly feels like we have used all available space.
In addition to literally out growing our house; there were some up comming repairs that were going to really start to add up. Last year we renovated a bathroom and it cost us nearly $6000. We would need to do a similar renovation to the master bath ($8000); update the kitchen ($15,000), update the carpets upstairs ($4000), and the big drainage project ($15,000). That adds up to over $40,000 in renos over the next 2-3 years.
Given all these issues we started to put our feelers out in January to start to see what we would do. The options were pretty simple; either hang tight for 3 years and put some money into our place; or find something larger.
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