As many of you know I am a single parent and for the most part live on my income alone. I own a very nice suburban home, cul-de-sac, fenced in yard, 7 miles from work, etc. I have owned the house for 6 years and maintained it the best I can. I am tired, I am tired of working around the house, there are a lot of things I want to d and can't do it on my own and can't afford to pay someone else to do it.
Most importantly it is becoming a financial burden. I am paying a lot of money fo a house that I am too tired nd too uninterested to keep.
All of the things I am saying may make this decision sound like an easy one but its not. I am considering selling the house, moving into an apartment for one year (due to credit issues I am not in a position to buy right away) and then buying a smaller home. This isn't an easy decidion because of the boys. I really hate to move them out of this house, it almost feels like I failed (I know I haven't but....).
I am planning on moving into an apartment in the neighborhood so that they don;t have to switch schools until I am ready to buy again.
I know it sounds like I have answeed my own question but guess I am still looking for some thoughts, can't think of a better place. I have weighed the pros and cons an keep coming up with more pros (time with the kids, a LOT more money each month, ability to take the boys on vacation, more time with them as opposed to cutting the grass, cleaning this big house, etc) vs the cons (moving, leaving the neighbor kids they love so much, them riding bikes in front of the house without me standing over them, having their own big rooms, etc).
Does this sound like a good plan? Am I overlooking alternatives? Is it ever better to rent than own (even if I can no longer afford this)? Am I just being lazy?? Any thoughts or even similar stories would really help!! Thanks.