Lots of families similar to ours too.
Then we could spend a few months fixing up ours to rent or put on market. Do you think we should consider it? We could afford to do it without added debt.
So I am taking it you are thinking of moving to get a better neighborhood/schools/parks/bigger house. I understand the whole better schools reason and the bigger newer house.
I would factor in some things.
How much extra is renting going to cost?
Is renting your home you own going to be a negative cash flow or positive?
How much is DH spending on his commute? Sometimes when you factor in time spent on the road and transportation a move to a smaller place in a higher col.
5000 sq ft is huge. Have you factored in that it will cost more to heat and cool? Do you have 6 kids to fill it?
Have you looked at getting a boundary excemption if it is the schools in your current local that is the problem.
What happens if you rent out your home and the renter trash the place? Or you go for a period without renters?
If you can afford extra then look at paying down your home to get it ready to sale. Personally I have no idea what the housing market will do next I am hoping that it will become more stable.
There are a lot of factors.
I wouldn't rent my home unless DH got a secure job with more than an hours commute