A little over a year ago, Justin and I purchased our first house together. It’s a 100-year-old colonial on an impressive lot that we don’t take full advantage of. It has three bedrooms, but we only use one–maybe we’ll use two in the near future when Baby K transitions to his crib from the bassinet. We also have a fully finished basement that serves as a underutilized storage space and a two car detached garage for our single SUV. This house is a lot. Maybe even too much.
Last week we listed our house. We decided it is in our best interest to sell our single family house. When we first bought the house, we knew it wasn’t going to be our “forever home,” but we still loved its old bones and charm. We moved in with the intention of selling it for a profit but it seems it’s happening a lot sooner than we expected.
With this step, we hope to find and buy a multi-family house in order to have an investment property and gain a stream of passive income. By seeking a multi-family house, we also realize that we may need to sacrifice space for a little bit. But when I started thinking about this fact, I realized that we didn’t need as much space as we initially thought we did. Yes, it is nice to have a spacious and open living area and huge kitchen but is it really necessary? No. It just gives us more space to fill up with stuff that serves no purpose or goal.
I’m not sure if we’re moving with the purpose of downsizing but I do think living in a new house will give us the opportunity to curate our belongings so that we are surrounded by only those things that matter to us. I’m also considering having a yard sale in the next few weeks so that we are able to sell the things we no longer want and not just throw everything into a landfill somewhere.
Anyhow, we received an offer last night but Justin and I are in the process of negotiating. Here’s to hoping that we reach a FIRE-esque price!