Quote:
Originally Posted by Now_Rudi
I'm considering selling my home and getting a condo with a garage. I work 55-60 hours a week, spend 10-12 hours a week at the gym and have a girlfriend. I barely have time to sleep. When I'm off on the weekends, it seems like all I do is yard work and house upkeep, something is always breaking/broken or needs work. I can't seem to find time to actually enjoy life. It's a continual run from one task to the next. I seriously need to simplify my life.
|
Financially, I would see no issue with this, so long as you are cognizant of three things:
1) You buy a condo, don't rent it.
2) You are aware of condo association fees, HOA fees, and any maintenance fees, and incorporate that into your calculations to ensure they are not eroding all of your equity.
3) You can commit to living there a minimum of 5 years. Any less and it won't be a smart move financially, due to buying and selling agent fees, closing costs, and so forth.