~Is a larger home the answer?~

Will a bigger house solve your problems?

The answer is.....probably not!

Sadly, it will more than likely create a much bigger problem...more debt!

If you are in debt, to put it simply...you can't afford a larger home. A larger home (usually) means a larger everything....Mortgage, Utilities, Etc.

I recently read an article about how buying a larger home is such a financial hardship. If we (me included...I like my stuff!) could clear out things, then we could live more comfortably in the home where we (hopefully) have already built some equity.

Not to mention, moving is expensive. No matter how you do...it is EXPENSIVE! Setting up utilities and everything that goes along with a new home is expensive. So, unless you plan on moving into a much cheaper & larger home (that is very energy efficient), it would be wise to take a long hard look at your current home and try to make it work.

I am speaking directly from personal experience here. We moved from a 1200 sq ft home in Oklahoma to an almost 2500 sq ft home in Texas. When we doubled in size, we doubled in our house payment too. The thing that SHOCKED us the most was the utilities for that home. We had no idea how much it would cost to maintain that home. We loved that house, but were so glad to get out of it and the high utilities that came along with it. It was not energy efficient!
Our current home is not much smaller, but much more energy efficient and we are LOVING the lower utilities each month. We are literally saving over $500 in utilities alone each month, sometimes $800. Plus we were able to get the current home for less money, put money down and cut the note in half. Now, we are headed in the right direction!

Have a terrific Thursday!
SHO