"'Fezzik, are there rocks ahead?' 'If there are, we'll all be dead!'"
Move into an Apartment for 1-1.5 years
What a terrific question. Let me share the answer with you now.
Selling this house is probably not going to be the easiest thing we'll ever do. When we first started talking about building our dream house, the fear of finding ourselves with two mortgages hung over us, making the whole idea seem impossible. Not to mention that we need to save up for some kind of down payment for the new house. And as it is currently, we are sharing one of the two bedrooms we have with Bug. Bear has her own room, and that's not going to change. And if we found ourselves really stuck here, we could potentially make the family room a third bedroom. But we'd like to avoid all that.
So we decided to rent an apartment for a twelve to eighteen months. It's a great solution for several reasons:
- For about the same amount as our mortgage payment, we can rent a three-bedroom apartment with more square footage than our house. That means we may not need to even rent a storage facility for any of our stuff.
- In that cost, some utilities are included.
- The apartment we're looking at allows large dogs, so we don't have to make arrangements for our girl, or allow her to continue to destroy our yard. We'll just have to walk her more often and take her to the bark park for exercise.
- The apartment we're looking at has a month-by-month leasing option after the first year. That means that we can spend a year saving up for the dream house (with no toxic debt sucking up our money!) and then build the house with the option to move out of the apartment as soon as the house is ready.