(Closed) NWR: Argue with me about renting this home. (Super long)

posted 6 years ago in Home
  • poll: What do you think I should do?
    Rent the house - life is short, you should enjoy where you live, and you can afford it : (31 votes)
    79 %
    Stay in Grandma's basement - that's a lot of money you can save, other rental houses will come : (8 votes)
    21 %
    Other - comment below : (0 votes)
  • Post # 3
    5547 posts
    Bee Keeper
    • Wedding: December 2011

    If it isn’t going to send you into debt, I say go ahead but I would much prefer a little less money and having a nicer place to live. It sounds like a really great house. 

    Post # 4
    133 posts
    Blushing bee

    Take the house now. If you’d live in it in February no questions asked, then you should take it now. 

    Post # 5
    4893 posts
    Honey bee
    • Wedding: October 2018

    Go for it! It sounds like you really want it and it’s doable for your budget. Snag it before someone else does! 

    Post # 6
    412 posts
    Helper bee

    From your post, it sounds like the only cons are financial. This isn’t your forever home. By waiting, assuming you’d spend $300 per month at your grandma’s, the difference is $1200 per month. so that’s another $4800 for four months plus $2400-3600 per year that could go into the downpayment on your forever home. If you’re there for two years, that’s a total of $9600-12,000 that you could be putting towards your next place. 

    Are the perks of this place worth a potentially extra $12,000? if yes, do it. if not, don’t. 

    Also, you’ve been watching the market; do you honestly think it’s likely that you’ll be able to find a place where you’re saving that $200-300 every month? Because if you end up spending that anyway in order to get everything you want (garage & office), then you’re only out the upfront $4800 (which works out to $200/mo if you spread it out 2 years, and less if you’re there longer)

    Last point of consideration being furnishings. If you think it’ll take more/less than other places you’ve seen on the market, then consider that as well.

    Post # 7
    412 posts
    Helper bee

    ps// i’m totally in the “love where you live” camp, but at the end of the day, only you can say if this is that much better and worth the extra cash, or if you can be satisfied with some of the other options out there. ie. in like enough to be content, if not ecstatic. good luck with the decision!

    Post # 9
    607 posts
    Busy bee
    • Wedding: October 2010

    I would do it, because I put a priority on living in a comfortable place, and you won’t really be straining yourselves financially. Plus it would be nice to start your marriage in a place that won’t stress you out over little annoyances. 

    Post # 10
    1019 posts
    Bumble bee
    • Wedding: May 2013

    I vote staying put, but only because by saving that extra bit.. that’s just money saved for when you move (and maybe buy?) 18-24 months from now…

    Post # 11
    6512 posts
    Bee Keeper
    • Wedding: September 2012

    Rent the house, for sure. 

    Post # 12
    6015 posts
    Bee Keeper
    • Wedding: March 2012

    Yeah i’d probably do it.  You had me at “weird bugs” … plus now you save on gas too right?  I mean you just walk down the hallway to work?

    Post # 13
    6544 posts
    Bee Keeper
    • Wedding: September 2012

    Rent the house. I’m a HUGE proponant of love where you live. Honestly, I think that being unahppy with your living situation can definitely affect the rest of your daily life. If it isn’t going to send you into a financial tailspin, do it. Soon enough your Fiance will be done with his lease and can move in and split the cost. If you feel finacially able to do it, just do it. Have you talked to them to see if they would consider coming down at all? I don’t know what the market is like there, but who knows, the worse they’ll say is “no”.

    FWIW, when Fiance and I moved back to our hometown we were renting a TINY 1 bedroom condo while looking for a home. We were in that condo for months and it really affected me and my personality. I was a sour puss and grump because it stressed me out being there.

    The place was the size of a postage stamp, had a tiny kitchen, no storage, and we had a large dog. We were used to a 3 bedroom home w/ pool and backyard (where the dog had a dog-door to let herself in/out) to this tiny place and I was having to walk our dog all the time. Not necessarily a bag thing, but we lived in a gated community w/ ponds all around. Yeah, try fishing your labrador out of a pond everytime you wanted to let her off leash to run a bit. 

    Finally we found our home and bought it. It’s WAY more home than we need for just the two of us, but having the space was so much better! 

    Post # 15
    330 posts
    Helper bee
    • Wedding: September 2011

    I work from home, and it sounds like you would too. So for me, loving the place I live is REALLY important, because you’re spending work + personal time there. Our old place was really depressing to me (didn’t like the neighborhood or apartment) since we moved (and downsized!) I’ve been so much happier. Yes, my “office” is now a corner of my living room instead of having its own space, but the light & neighborhood are so much better.

    The topic ‘NWR: Argue with me about renting this home. (Super long)’ is closed to new replies.

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