There it was. The finished draft of our floor plan for the new house. 2500 beautiful square feet, a huge kitchen and pantry, a real master bedroom and actual master bathroom, and more. All to be customized to our liking with our favorite colors, styles, and everything else needed to fill a house.
This was the image in our heads for months as we started to think about and mentally prepare for a move. We only planned to stay in our current home for the required 3 years (because of a tax thing) before we wanted to move on to more acreage.
We felt like we had it all figured out. But a few months after we started dreaming I finally started rationalizing. What if we don’t have piles of kids to fill those empty rooms? What if we don’t have the money to finish this house once we get started? Where on earth are we supposed to put this thing? What am I going to do with all that space?
After asking ourselves all these questions a new draft of the house was drawn up. Much much smaller. Smaller, in fact, that where we live now (which is 1200 sq feet). It was a beautifully simplified version of our plan. A very nice kitchen, just 2 bedrooms (but still with a master bathroom!), and one large pantry…in the basement so it would double as a storm shelter. We loved it. It was the perfect fit to our needs. It would fall inside the budget we were hoping for and be an altogether simple house, but made just how we wanted it.
Can you tell this isn’t the end to the story?
Yes, the house plan was beautiful and perfect. And we assumed it was affordable. And that’s where the number crunching started to come in. After reviewing our budget, and our debts, and our comfortable debt to income ratio (which isn’t what the banks say, I never go off that number!) we knew, the dream house couldn’t happen right now.
So we were faced with a dilemma. Where do we go from here? Could we stay where we are until we are able to afford the new house? After re-crunching numbers that answer was a no. We couldn’t afford to put aside enough at our current house to be able to pay off debt. And since our goal is to be debt free by the time we are 35 (in 10 years), another mortgage wouldn’t be the answer either.
At this point you might think we wanted to give up, but we had another plan. Sometime we had started with years ago before we bought this first house. It’s called a camper. Yes, we decided on fulltime rv living.
Catch up on our full series about Fulltime RV Living!
Do you know any fulltimers?