Should I sell house and move to condo?
We bought a small cottage 10 years ago at a very low price, so low that even in today's market we can still get double what we paid. Problem is, we live on an island on the gulf coast and our insurance has gone from $800 to $5200 since 2002- this is with no claims. We do not have a waterview or a pool, we live in a very touristy area. However, we do have a young son that enjoys a pool and the water. My husband works away from home for 28 days at a time, home for 14. This leaves yard work and hurricane preparations up to me. I guess my question is am I insane to move a family into a condo just for its amenities? After all is said and done, our mortgage inc. hoa,taxes, and insurance will only be $300 more a month. We will be losing 400 sq ft but gaining a much larger waterfront yard. Losing some privacy, but hopefully finding some sense of community. Any kind advice is appreciated.