Anyone else singing that song now? If it gets stuck in your head for the rest of the day, I am sorry :) Homes.com asked me to write a post about whether I plan to sell my home or if I plan on staying here long term. And since talking about my house if kind of one of my favorite things and since it follows the theme of the posts on my blog this week, I am excited to open the discussion today. And I say discussion because I would love to hear your story too. Leave a brief (or maybe not so brief) comment on this post about your situation.
We bought this house about 9 years ago. We have lived in it for about 7 years. When we bought this house the intention was that it would be a starter home that we would spend 5-10 years in before building our dream home. My husband went to college for architecture and we sort of already have the plans drawn up.
But life happened.
And we changed our plans for 2 key reasons.
1. Four layoffs later we decided that our low mortgage is “safe”.
2. And seven years later we are in LOVE with our house.
The fact that our mortgage is low enough that through four separate layoffs in three years we were always able to pay our mortgage tells me that we stand a pretty good chance of keeping this home forever. We have had close friends (lots of close friends) lose their homes when the economy tanked. I will take a smaller house that I can afford (and keep) verses a larger home that I live in fear of losing.
Also, I never imagined I could get so attached to a home. To brick and mortar. But after all the work we have put into it I can’t imagine handing the keys over to someone else. Especially when we plan on staying in this community. It would be hard to drive by the house with others living in it. Especially if they didn’t take good care of it. In a way, our home is part of our family.
So now that we have established that we are staying put (at least for a long time) let us talk about what projects are worth doing and maybe projects that are not worth doing as far as adding value to the home.
We plan on adding on to our house. If we were planning on selling soon I am not sure if that would be something the real estate experts in this area would recommend. You don’t always get back what you put into an addition. Of course it depends on what you are adding and where you live. Each area has specific features in the home that are more popular than others.
We plan to add onto our kitchen and building a new garage within the next few years. Our garage is cinder block, holds one car, and the roof is swiss cheese. It is a glorified shed. Not only that but it is detached from the house. It also has had the foundation settle over time so you can not even drive a car in there. So we really do use it like a shed.
Our kitchen is 9 foot by 9 foot. With counters and cabinets it gives us a walking area of 4 foot by 6 foot. People! We are a family of six! And I love to cook. I bottle the produce from my garden. I need more room. I have to shoo the kids away when I am in there because there is not enough room for more than 2 people. I want a kitchen where we can all be together.
Honestly, I think even if we knew we were going to sell down the road I would still add those things.
We recently added a second bathroom to the basement. The previous owners did the dirty work by adding the plumbing. I got to do the fun stuff like tile and build walls. We will be finishing the unfinished part of the basement and turning it into a bedroom for me and my husband. The bathroom will be connected to our bedroom. Adding another bedroom is huge for resale value but it is also huge when you have all four boys sharing one room ;)
So I guess you could say that we are mindful of the changes we make and how they would affect resale (because you never know) but our plan is to stay here long term.
What about you? Is the place where you are living your forever home? Or do you have plans to move? And do you consider the changes you are making when it comes to reselling down the road?