If we do indeed decide to sell our current home, where will we go? We plan to get rid of a huge amount of our belongings either through selling or by giving them away. There will still be a for some sort of storage for my husband's contractor equipment and any belongings that we decide to keep. That will certainly be an expense to consider in our search for housing.
We want to be out of debt. We ALSO want to own a house debt-free. The profit that we would make from selling the house would be put aside as a down payment for our next home. We would live on our present income, living in such a way as to add to our funds for the next home.
With that in mind, here are the potential housing choices:
Option One: Rent.
If we were to rent, it would have to be a place that would be BELOW what we're currently paying for our mortgage by about $200. That would allow room for renting a storage unit.
PROS: Lower than renting a house; reasonably comfortable.
CONS: Apartment living, in general; an apartment with the low price we want would not necessarily be in the safest areas.
Option Two: Spend the warmer part of spring, summer, and fall in our camper.
Here's a picture. It's approximately 16 x 8 not counting the tents.
PROS: CHEAP!! Long-term campground rental is very low, much lower than renting an apartment. It has all the amenities, just on a small scale.
Option Three: Live with my sister. (JUST KIDDING, Sis!)
Option Four: Purchase some land.