(Closed) Buy or rent… What should we do after the wedding?

posted 4 years ago in Home
Post # 16
Member
7898 posts
Bumble Beekeeper

With your financial situation, it makes more sense to rent temporarily, save up a bit, and then consider buying a house. Buying a house is a huge, complicated life event, and you want to be as prepared as possible. There is nothing wrong with renting. 

Post # 17
Member
245 posts
Helper bee
  • Wedding: May 2015

Rent! Don’t put your whole nest egg into a house. Find a decent place to rent, then take your time building your savings and scouting out the area. That way you’re not pressured or rushed to buy something and you can find a home you really like and be more financially secure.

Post # 18
Member
1120 posts
Bumble bee
  • Wedding: March 2014

Add another voice to the rent now, buy later choir. Mr Trilly and I were in no financial position to buy and won’t be for a few more years. Until then, we are living in a furnished apartment that recent had a new bathroom fitted because of a mold problem. They tore down an entire wall, ran a dehumidifier for weeks, cleaned all the mold, replaced the bath, put up new waterboards, re-plastered, got rid of the mold in the living room (it was an adjacent wall), put up new panels in the bathroom, and painted the entire living room/kitchen and bathroom. If we had purchased instead of rented, we would have had to do all of that out of pocket.

 

Post # 19
Member
1051 posts
Bumble bee
  • Wedding: July 2015

I agree with previous posters. Don’t feel pressured into buying a house, especially when you don’t have the funds to do so comfortably. I would use the wedding money as the beginning of your savingss for a downpayment. Also, keep in mind that closings costs can also be quite substantial.

The topic ‘Buy or rent… What should we do after the wedding?’ is closed to new replies.

Find Amazing Vendors