Reached irreconcilable differences with my now ex-partner. Planning to either sell the house or refinance and take my name off. Will split the accrued equity.
This almost happened about 3 times before, choosing not to air my dirty laundry on here. Long story short I think we will be happier being with other people.
Signed the lease on my very first apartment today. Monday I should have final approval.
My payment are as follows:
804.19 – Due 12/15 – Pro-rated first month’s rent. 300 of that was pet deposit (150 refundable), 100 security deposit and 55 application fee.
823 – Due 1/1
Then basically 823 after that.. 763 rent plus 50 for washer / dryer and 10 pet rent.
Considering my take home pay of $3200 a month I certainly think this is doable. Utilities and water should each be close to 50% less than I pay now. No Housing Association dues will free up $100/mo.
I really think renting will be better for me than home ownership. I won’t have to worry about big items to repair such as the cracked driveway, eventual foundation work that will need to be done, cracks in the walls, plumbing work, etc. Nor will I have to pay property taxes to the tune of roughly $2k and annual interest on a 100k+ loan, PMI, etc. I really feel that once the $7k-8k in money for basic stuff is factored in, for my current needs downsizing from a 3br to a 1br is better financial sense.
Will write more about this but I’m headed to a party now. 😀