Wow, thank you all for your responses. I put it in retirement forum because part of the question has to do with going into more debt in ones 60's and 70's etc. in return for a better place to live.
To clarify on our space, we have 3 rooms total. The bottom floor is one medium sized room with galley kitchen and LR. Upstairs is bedroom and shared office space with some workout equipment. We are definitely cramped in spite of creating wall shelving, there is no extra space. On Other Hand, our mortgage will be paid off in 10 years when i'm 75, god willing
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I am the one with hearing aids which amplify tv sound, so i end up removing them. I never thought of noise cancelling head set, maybe i could wear it sometimes, and he could wear a bluetooth headset other times.
I would love more space, but the cost is more debt. Things are manageable here money wise, but the idea of room to breath feels so good (other place has 3 bedrooms upstairs and 800 more sf. I envision his tv/ office room, our bedroom and i could put my office in third room with workout stuff.
Also, no small thing, new place has air conditioning, and our current place is like a stove and bad air flow.