How to project the purchase of a new primary home in the future

Submitted by fundaddy22@aol.com on Sun, 08/28/2016 - 17:38

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Purchase New Primary Home in Future

I sold my primary home in 2015, and am living in my vacation home full time for the next 3-5 years.

I plan to buy a new Primary Home in 2021.

Here’s how I modeled this in ESPlanner:

1. I have the vacation home (temporarily functioning as my primary home) included in the Vacation Home folder

2. In the Primary Home folder I have no current home shown, and I have a First Change of Home shown in 2021, with a purchase price of $400,000

The software seems to be reflecting this correctly, but I wanted to run it by you to see if you think this is a reasonable way to reflect this, or if you think there is a better way.

Thanks
Steve Sorrentino

PS - I have ESPnanner Plus, version. 2.3.4.1

Comments

dan royer's picture

dan royer

Wed, 08/31/2016 - 09:32

That sounds right to me. I

That sounds right to me. I had not thought of going from no home to "first change." I might have thought that you would need some primary home in order to make a change (even if it was just "rent" for a few dollars a month. But it sounds like it works fine.

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