Last year after being a homeowner for 7 years, I paid $5,000 to let the house go. Being a homeowner for that time had its ups and downs. On the downside, I put a lot of money, time and effort into making the place wonderful, before having to pay money to get someone else to take it off my hands. I didn’t even get a chance to enjoy the deck I spent months building. I endured a lot of stress when a renter caused $10,000 worth of damage to it.
On the upside, I had a lot of fun times there. I had a lot of plans for the place (like putting in a hot tub) that will transfer to another house in my future.
A couple of weeks ago I bought a townhouse in Boulder in a much nicer area than my old house. I bought it primarily as an investment, but I would actually really like to live there! The previous owners made some really questionable interior design decisions like sponge-painting over the beautiful stained wooden doors and smearing what looks like poo on the downstairs walls. Some paint soon fixed that problem.