How long does one stay in a house they do not like?
Not sure how this question will be perceived or where it may end up but here it goes... How long does one stay in a house they do not like?
This is our second home and we have been here just about 4 years. The layout, size and yard is very usable and is used for sure. Cutting to the chase what can't be changed is what drives us crazy the most - location, location, location.
Things are just not working out as had wished. There's no way landscaping, fences or anything else can resolve the location issue - it just "is".
Financially we are in a very good place with a ton of equity (about 75% of current market value) and a low mortgage balance. We've been fortunate to live in a part of the country where the housing mess hasn't negatively impacted us too much (though it has a little).
Obviously due diligence from an agent would confirm this or not but other than a few minor things which are on the list to be completed this summer, the place could be ready for sale in a couple days and rightfully compete with the existing inventory of used homes in it's price range and location.
Will we make any money on the house? Probably not but you never know. It is in better shape than we purchased it that's for certain (which as we know does not always translate to price). It's extremely clutter free, extremely clean and well maintained.
So, how long is long enough and how long is too long?
Ours minds are telling us to stick it out for the next 24-36 months and see if anything changes but I'm not sure it will.
Thanks for any and all input.