subject: Build Or Buy For Your Whole Life For Less Cost In Home Buying [print this page] Do you really need that larger home? Many seniors actually move to smaller homes that actually cost a lot more than the first home they bought. And moving is expensive.
More importantly, do you really want a larger mortgage?
Just think. Do you really want to be a Bank Slave?
If you have a lot of debt you have to work a LOT of hours for that insatiable beastie bank.
You dont have either the time or the money to have a lifeor relationshipsor fun.
Youre too busy working to pay interest to the Bank Beast to do anything else.
Just think of them lunging for your wallet, getting your buns instead and leaving you bloody and broken.
Its not a pretty picture, is it?
But if you stay in a starter house thats relatively small, its cheaper and a perfect size for seniors, too.
The best part of it is that you have more freedom and control over your own life.
A small house has other advantages, too. Its cheaper to heat, cool and maintain that a larger home would be.
Smaller houses are cozier and more comfortable in many ways, too. Families stay in closer contact emotionally, too.
And smaller houses have another big advantage. There is less room for stuff.
Staying with a smaller house and paying it off as quickly as you can gives you the time money and control over your life to do things you want to do.
Just imagine not having any compelling need to keep working for an abusive employer.
Think, too about being able to retire early because you are not a Bank Slave.
It makes you think twice about any purchase if you have to find a place to put it in a small house.
If you remodel do it within the original footprint. Additions give the taxman a target.
We actually recommend that all repairs and remodeling be done for accessibility and your needs when you are seniors. Younger people may have accidents or illnesses that would make this a nice thing to have regardless of age.
Remember to pay cash and keep it as simple as possible.
