*This post is brought to you in collaboration with Homesales.
If you're a regular reader here, you'll know all about our intention to move home. It's been on the cards forever now and taking just as long.
We've been working hard at throwing away, cleaning up, packing possessions and dreaming about our new home - wherever and whenever that might become a reality in the days ahead.
The kids are excited in anticipation of what may eventuate and throwing in their individual expectations for a new abode - they all want their own bedrooms, a large level yard for bike-riding and skateboarding and lots of garden foliage for hiding in and climbing trees. Plus of course, a new and larger trampoline to sit at its centre. (Ours has become weather beaten and aged and is well overdue for replacement.)
Yep kids, we hear you. We'd love the same for you - for all of us. There's just so much to do with such a large family in the lead-up to getting ready to put our home on the market and grabbing a small amount of mental space to mull things over can be extremely difficult when you're a parent to many.
So there's been dreaming and dreaming lots!
We've managed our mortgage for 5 years now and should make some gains on our capital invested in our home when we sell up. Our plan is to move back into Melbourne's inner Eastern suburbs where we grew up and be close to all the conveniences of city life - the cafes, libraries, restaurants, good schools and Melbourne's abundant excitements while our family is young.
Renting is our likely option at this point in time, as Melbourne's inner prices are beyond us on one income, however that hasn't stopped us from thinking on investing in another home for the future.
While we long for the inner life as our kids grow, that's not to say we'd never feel peaceful living outer when they're grown and having a nice little abode reserved just for us down the track is very appealing. (Sensible too.) Whether we would one day retire into an investment home or sell it on for the kids to make a financial start in later life, it's a feasible option worth some serious consideration.
I was recently made aware of a useful feature on the Homesales.com.au website. They've a special investment property search tool that helps potential investors match what they'd like to gain from an investment in the property market. Whether it's a percentage return or a certain rental price, enquirers can enter their preferences and search up a list of homes anywhere in Australia that match their basic needs, based on properties that are estimated to yield those results.
So now we've an entirely new perspective to think on again and one that is incredibly useful at this stage in our planning journey. There's nothing like dreams to motivate our plans and I am welcoming as many home options and avenues as I can at this stage, to push this family yearning into a full-blown reality.
Have you ever purchased an investment property?
Are you buying or renting your home? Would you change your home situation if you could and why?