Forum Discussion
Photomike
Jun 02, 2017Explorer III
I don't agree that you need to sell your house to full time. I know a number of people that live full time someplace but still own a home that they rent out.
Why I think this is so important is that to sell a house and hit the road is setting yourself up for potential trouble. I also know people who have done that (sell the house) and found after a couple months due to unforeseen circumstances they were forced to move to a stick house and found themselves in financial trouble as they could not afford to buy because with retirement, sickness or other reasons the banks were not willing to finance.
I strongly suggest that if you are looking at doing this you work out a back up plan in case..... Letting a grown child move into the home, renting it to a friend or family or doing something for fall back. I would even say if possible that you rent out the upstairs of a house and move your stuff into the basement or apartment in the house so you have a storage place. Yes you may not be severing all ties but at least you have a back up plan. Many will try full timing but sometimes it takes some work.
Why I think this is so important is that to sell a house and hit the road is setting yourself up for potential trouble. I also know people who have done that (sell the house) and found after a couple months due to unforeseen circumstances they were forced to move to a stick house and found themselves in financial trouble as they could not afford to buy because with retirement, sickness or other reasons the banks were not willing to finance.
I strongly suggest that if you are looking at doing this you work out a back up plan in case..... Letting a grown child move into the home, renting it to a friend or family or doing something for fall back. I would even say if possible that you rent out the upstairs of a house and move your stuff into the basement or apartment in the house so you have a storage place. Yes you may not be severing all ties but at least you have a back up plan. Many will try full timing but sometimes it takes some work.
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