(Closed) Buying a new house…but I want to keep my old one…

posted 8 years ago in Home
Post # 3
Member
2867 posts
Sugar bee

You could rent it out…although, the people moving in could damage the place or ruin the decorating.  I think when you two buy a new house, and you go through decorating that one, then maybe selling your old house won’t be a big issue.

Post # 4
Member
3219 posts
Sugar bee
  • Wedding: November 2010

Just tell him because he still has his condo and its “him” you’ll sell your house only if you can decorate the new house to replace your house ๐Ÿ™‚ seems fair to me!

Post # 5
Member
5977 posts
Bee Keeper

I agree with possibly renting it out. I would pull out all of the decorations you have for it though and keep that either in storage or in your new house if you have the room. Then, after you’re finished renting it out years down the line, you could possibly downgrade into that house when you’re ready! Or…eventually pass it along to one of your children. Renting it would allow you to at least keep it…

Just a question – are you both financially able to keep both the house and the condo as well as purchase a new house?

Post # 6
Member
5657 posts
Bee Keeper
  • Wedding: February 2012

The only real reason to keep the house would be to rent it.

I think when you buy a house together and make it your own, it will be even more special to you than your old house was ๐Ÿ™‚

Post # 7
Member
14496 posts
Honey Beekeeper
  • Wedding: June 2011

If you dont need the money, why not just keep it!  Chances are once you decorate your new one and everything you wont be so attached to your old one, but if you still are, who says you HAVE to sell a current home to buy a new one.

Post # 8
Member
1254 posts
Bumble bee

If you can afford to keep your current place while making payments on a new place, I say keep it. If you can’t, then consider renting it out to help with the mortgage. I don’t know what the real estate market is like in SC, but in CA you can price your rent high enough so that it covers a good portion of your existing mortgage.

I, too, own my own place and the Fiance and I plan to buy a home together. I decorated the place according to my liking, and the Fiance seems to like it. Or at least, I haven’t heard him complain about it. When we do buy a place together, I will keep my current place as a rental property. I figure a few years of being a landlord will help me decide if I want to keep the property for longer terms.

 

Post # 10
Member
5977 posts
Bee Keeper

My only thought is what would you be using the house for if you wouldn’t rent it? Would you be buying your house out in the suburbs of Charleston and possibly using it to ‘vacation’ in downtown Charleston? If you are living close to there, you could always use it as a little guest house for friends staying in the area too…

Just trying to think of a good reason for keeping it other than, “just because!” :o) 

Post # 11
Member
3176 posts
Sugar bee
  • Wedding: May 2011

What an awesome problem to have! lol. I love the idea of using it as a guest house, that makes more sense than “just because”. Can I stay there? ๐Ÿ™‚

Post # 13
Member
5977 posts
Bee Keeper

@Ms.Charleston Pearls: You could totally convince him! Do you guys have a lot of out of town guests that come to visit you? It would be almost like a little bed and breakfast…minus the breakfast of course.

Even if your parents or his parents live out of town, it would be a really nice place that they would be able to stay that is near you guys if you decide to live near there.

I’m curious to see the house! Do you have any pictures? It sounds very cute from the way you describe it!

Post # 15
Member
5977 posts
Bee Keeper

Very fun! I’m always looking for new ideas for our house. We’re slowly getting our rooms together and we’ve been there for almost a year already! I don’t know where the time goes!

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