Mortgage balance: $72,511
It is tempting to start paying off some extra principle but then I think about all of the other projects that I would like to save for and I am content to keep the money in the bank. Also, my mother is talking more about moving to a larger house (and me moving with them) so I am hesitant to put much money in to upgrading this house until I know if I will even be living here next year. We are going to see a 5 acre property with a 3 bedroom house on Saturday. I like it because there is plenty of room to expand. We could build a nice little Cape Cod style 2 bedroom 2 bath guest house for my parents and nephew and I could have the house. Of course when I told my mom that she said she wanted the 3 bedroom house. Ok then. I'd settle for a 2 bedroom 1 bath guest house. I just want my own kitchen and a place to escape from barking dogs. My mom thinks that having to build something is too much work and money but she is humoring me and willing to take a look. All of the places with guest houses that I have seen have neighbors that are too close by for as many dogs as I have. 5 acres would be super-cool...except for rattlesnakes and other predators. I would need to build a block walled yard. I know that a wall costs between $6k and $10k. So, guest house $70k, block wall $10k. I guess I will keep saving my money.