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Some thoughts on buying a house...

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So, I have been thinking about buying a house and turning my current townhouse into a rental. In fact, I currently really close to calling up my real estate agent and having him make an offer on my behalf. But before I do that, I'm trying to think real hard and decide if this would be a beneficial move, or if I am being driven mostly by emotion. In that vein, I have started a list:

PRO

Closer to work for me
Closer to nightlife
Control of yard
Larger yard
No walls shared with neighbors
Bigger/Nicer kitchen
Not on a major road
Hardwood floors
Single story
3 bedrooms, compared to 2 with a den
Value will likely increase more quickly
Potentially enhanced cash flow when townhouse is rented
remodeled/shiny and new looking
WANT
Change is exciting

CON
Farther from work for Mike
Maintenance of yard
Maintenance of outside of house
Mortgage
Fewer bathrooms (no half bath)
Fewer nearby chain restaurants
Need to buy some appliances
Low cash flow when townhouse is not rented
Poor/fewer internet and TV service choices
Being a landlord
Fence may be too short for dog
Need to find a solution to corral dog when entering/exiting with cars
Need to buy rugs
Higher insurance
Gym is farther, may need to change gyms
Moving
Change is scary

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