We've been our place for 3 years. I love the house, the neighborhood, the lot, the location. Unfortunately, we've outgrown the house, and we need to decide whether to move or put an addition on. Everytime we make a decision, I get queasy and change my mind. Our mortgage lender thinks we're better off moving. Our credit is ok, not great, and if we went through them refinancing a loan, it would be pretty expensive.
But, my parents have offered to loan us the money at a lower interest rate which would make it affordable. But, are we crazy to do an addition with 3 young kids? We're not very handy. Almost all the work would be done by professionals. Our house is the smallest on the block, and a realtor told us an addition would fit in well, we'd make our money back in about 5 yrs. Our neighborhood is becoming VERY popular and houses are going for much more than they did even 3 years ago.
We could probably find something that satisfied our needs in the surrounding area (not our immediate neighborhood but nearby), and I guess, who knows, we may find a great place. But I love our house! Even in only 3 years I've become attached to our space, especially the gardens I've made, the enormous playset we spent ALL last summer putting together, etc. Stuff that maybe other people would say "well, do that to a new place!" But, I don't know. I guess I'm sentimental. And scared of new things...
Anyway, any advice, words of wisdom, thoughts, prayers, you name it, I'll take it!!! :LOL I guess I feel like if we leave this neighborhood, which is just a little funky, close to downtown, close to the river, I'll regret it. Of course, there's all kinds of factors like whether we should move across the line into the county, which is cheaper, plus the public schools are an option (right now we're in private waldorf school, but I don't know what we'll do 5 years down the line when we've got 3 kids in school!
Thanks guys. Anyone else feel free to comiserate!