I've recently come to the conclusion that I'd like to consider selling my house and either renting or buying a much cheaper property (probably a condo). Right now my mortgage is about $1160 (with taxes, insurance, P&I). There are 25 years left on the loan. I have been renting out a room for $400/month. But I'd like to have the place back to myself as I'm 39 and feel like some privacy would be nice again. I have an excellent location near the university and have spent considerable money to update the house over the past 9 years. I live in a place where I could stay in my same neighborhood and rent for $600-700 a month. Or I could perhaps buy an inexpensive condo (in a less desirable location). Ultimately, I just feel like I'd like to be spending less of my money on a mortgage (and home maintenance) and more towards savings and retirement. I have no debt (mortgage aside). I make a pretty decent living (~65k/yr), but have some catch up to do on my retirement savings. I just look at the fact that over 25 years, I'll pay mortgage totaling over ~300k for my house and probably have at least $30k or more of improvements that will need to be done in that time. I could buy a condo for $80k and pay it off in 5 years. Or rent and have a fixed and low payment for a very long time. But I can say that I'm emotionally a bit reluctant to give up my house. A condo does sound great though, as I never use my huge yards (as I'm often doing outdoor stuff away from home, I rarely am outdoors at home). Of course, I can always continue to have a roommate, which really makes the equation a wash. Any advice?