Here we go then! Part one of our ‘downsizing’ journey!
Our current home is a large 3 bed Victorian detached house and we hope to move into a small 2 bed apartment. It’s a big move, but only if you haven’t been preparing for this moment since about 2007 like I have!
There are a number of reasons why it’s taken us such a long time to decide to move - kids living at home, mortgage rates, wanting to move to Portugal – but now that we have, we are very (very) ready for it!
And the best thing about it (besides less cleaning!), is being able to shoot for Financial Independence by 2024. Being financially free in 10 years time would be a dream come true. Of course there’s a lot of work and saving to do to make that happen, but for now, downsizing to achieve mortgage freedom, will really help that dream along. I’ll talk about the financial ins and outs of it all as things progress, but for now, looking for an apartment is our main priority.
To help us in our search we put together a couple of lists.
- 2 Bedrooms
- In a town/city
- Long Lease – 85+ years
- Parking Space
- Close/Walkable to a station
- Close to grocery stores
- Less than £125k
Apartment Would Likes:
- Walkable to grocery stores
- En Suite
- Open plan
- Built in storage
We’ll probably think of a few things to add as we get further into our search, but for now this is enough.