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Tell me we can do this!!

post #1 of 8
Thread Starter 
We're in the process of determining whether or not we want to move. We currently live in a 1400 sf house with 3 bedrooms and 2 kids under five and 2 dogs.

We're thinking about moving to a 1000 sf home with a smaller yard but one of the dogs will go to a friend so we'll only have one.

We can do this, right? I'm tired of paying out the nose for this house and never having any savings. If we keep the clutter down we'll be fine, right?

We're not planning on living there forever. We're thinking 5-10 years then buy something bigger when the kids are bigger. We do plan on having two more little ones.

This other house would be free...Can't beat that, can you?
post #2 of 8
For free, I'd make it work, even with the 6 people we have now And we have 2 household's worth of stuff (all our and all my dad's!).
post #3 of 8
Thread Starter 
Quote:
Originally Posted by Synthea™
For free, I'd make it work, even with the 6 people we have now And we have 2 household's worth of stuff (all our and all my dad's!).
That's what I'm thinking!! It was DH's grandmother's home. She passed away in January. DH's mom will let us live there free for as long as we like. And it's cute too and in a good location. Some kids across the street party on the weekends but I'll put up with a lot to have thousands in savings at the end of 5-10 years you know?
post #4 of 8
Free - absolutely! I would think if you made a plan, you are going to stay there at least 3 years (or whatever you think is a reasonable goal) - think about the money you'll save living there during that time. Tell yourself that you'll live there at least X years and then reevaluate - if the couple years have been horrible to deal with you can always move then right? And you'll have those few years of savings even if you only do it for that time.

Look at the 'how big is your house' thread here - some folks are living with a significantly large number of people in smaller place, quite an inspiration.
post #5 of 8
It sounds very doable. One thing to keep in mind is that the sq. feet is less important than the floor plan. We'll probably be going to moving into a house that has less square footage than our current home, but has a much better floorplan, with more bedrooms and a BIGGER KITCHEN

And WOW- living in the house for free is huge. What a great opportunity to save some money!
post #6 of 8
The free part sounds good.

We moved from a 1,200 sq ft house to a small trailer that was my grandmas for "free". It was a depressing time for me. Too tiny to have anything that wasnt usefull so everything went into storage. The trailer was too tiny to even have useful stuff. I was depressed, the trailer was a pig sty.

The only good thing was we where able to rent out the house for awhile before selling it which got us $$$ to put down on our 'new' home. which is 200sf smaller than our old house and things are still tight but I am happy and the house is cleaner BUT now we have one more child so there are 5 us and 2 dogs in a 1000sf house. The layout isnt great.


We plan on adding on whenever we have the $ to do so.
post #7 of 8
Thread Starter 
Quote:
Originally Posted by momto l&a
The free part sounds good.

We moved from a 1,200 sq ft house to a small trailer that was my grandmas for "free". It was a depressing time for me. Too tiny to have anything that wasnt usefull so everything went into storage. The trailer was too tiny to even have useful stuff. I was depressed, the trailer was a pig sty.

The only good thing was we where able to rent out the house for awhile before selling it which got us $$$ to put down on our 'new' home. which is 200sf smaller than our old house and things are still tight but I am happy and the house is cleaner BUT now we have one more child so there are 5 us and 2 dogs in a 1000sf house. The layout isnt great.


We plan on adding on whenever we have the $ to do so.
The place we are moving is smaller but not tiny. And it's nice in a good location as well. I went and sat in it awhile to make sure I wouldn't feel trapped there, you know?

We're also hanging on to this house and renting it out for a few years to have money to put down on a dream home down the road. It's bigger but not that much bigger..
post #8 of 8
You can do it. Most of us have more than we need, and hang on to too much.

And if it is free, and truly will remain so for the duration, a storage area for anything extra will still be less than a mortgage or rent.


On a side note- Does the owner have a time frame in mind for how long he/ she thinks you will be staying? 1 year? 2? 5? 10? What happens if circumstances change- taxes go up, the house needs major repairs, the owner's health deteriorates etc.? Are you one REALLY good terms with the owner(s) of the house? Are they reasonable people? Have you, in the past, been able to negotiate problems and issues easily, and have both parties been pleased with the resolution? Are both parties very clear regarding the expectations of the other party?

Because if not, I would think twice about doing this- not because of the size of the home, but because of the stress and heartache poor relations, poor communication, and mismatched expectations can cause.

BTDT.

Bought the t-shirt.

It's not pretty, and if it is family that owns the house, you may have NO legal recourse if things go bad. It depends on your town and state codes.
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