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(apologies if posting in wrong forum)
We've decided we're sick of taking care of this big four bedroom house and doing yard work. We have no children so half it goes unused anyway.
The plan? Townhome!
We've enjoyed a nice runup in home value, so are now sitting on this 350k home with a 145k mortgage. We've seem townhomes that we like in the 175k range, so we're thinking sell big and buy smaller with cash from the profit.
We have no car payments, have finished the student loans, and carry no consumer debt at all... so woohoo completely debt free in our mid 30s. Our retirement savings are currently in the 160k range so obviously we're still not as close to an early retirement as we'd like to be, but our combined income is about 150k (most of which has been used to attack student loans until this year) and we like the flexibility of being able to really save a lot for retirement in the coming years or consider scaling back to working part time and enjoying life a little more while we're young.
Any obvious flaws in the plan?
Any comments on townhome living?
Thanks in advance for kind advisement.
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