One think to think about is when your kids have kids....Do you want that extra bedroom or two when they come in down (if they live away), or at least a playroom for when you watch them?I can't wait to downsize. With my daughter heading off to college next fall, I am really ready to start the deep planning.
I can't wait to have a smaller house, smaller yard, smaller drive way etc. All those things seemed important when I first purchased the house but now for the next phase of my life I want to make some real changes.
We are going to start the process by visiting every open house we can find of smaller homes and then we will likely purchase some land and build a custom small house. While we know this will be more expensive than buying and renovating, I feel like I can get everything exactly as I want it. And with this being hopefully my last home, I want to build it very specifically in terms of maintenance.
This is the source of argument (civil mind you) b/w my parents right now. My dad wants to downsize b/c of all of the reasons you do and my mom wants to keep more space b/c with 8 grandkids, she thinks she will see them less due to less space in the house.