We bought our house about three years ago. It suites us fine, but I would prefer to be in a different, more family friendly neighborhood. Our mortgage is very affordable, as are our utilities. We put about $1000 dollars into savings monthly at the moment.
There is a lovely house for sale across town. The mortgage payment on that house is about $60 more per month than we pay now. I expect that utilities would be higher as well, because it is larger. Property taxes are about $250 higher per year. We're going to see it tomorrow.
In my mind, with three cats, an unruley labrador dog, and a baby on the way, it would be easier to buy the new house (if it truely is right now us) and then put our current home on the market. We could easily afford both payments while still putting a few hundred a month into savings. However, there is the risk then of our current home taking a long time to sell. Our neighborhood is on the up due to several large companies opening up and a blooming art community. The houses around us that are in comparable condition are usually on the market six months or less.
Our current home has absolutely no storage space, so we would have to get a storage unit to put a lot of stuff if showing the house. I also can't imagine keeping it ready to show with all of the animals and their dirt, especially not while pregnant and dragging butt as is.
What have been your experiences in moving from one home to another before selling the old house? What has that looked like financially? How long did it take?