topic Re: Going from owning to renting in Community Chat

Going from owning to renting

Cumbercookie13 — Sun, 29 Apr 2018 22:07:45 GMT

I sold my house for cash to a group that flips old homes and will be moving to a first floor, one bedroom apartment with a small den, and a stackable washer/dryer - best part!) next week. It's a house converted into apartments and there's a front porch to sit out on and people watch. I'll still be in the same town, which I enjoy living in.

Financially it will be better as there's no more property taxes, water/trash/sewer bills, and THREE separate utilities (oil heat, propane for hot water, and electric) to pay which left me with little left over for other expenses. I will be getting renter's insurance, the landlord requires it. The location is great and since I have no car, it's a shorter walk to the bus stop for work and back to home, and I can walk to places downtown, the park, the library, and 7-11. The packing up and clearing unwanted stuff out is a chore though, no wonder most hardly move! But in the end it will be worth it. I don't need a lot of space and cleaning will be easier. It'll be sad leaving the home I grew up in and inherited from my grandfather, but I'm excited to make a clean slate and start a new journey.

Re: Going from owning to renting

Laura14 — Sun, 29 Apr 2018 22:10:38 GMT

Congratulations @Cumbercookie13!!

Re: Going from owning to renting

Sooner — Sun, 29 Apr 2018 22:13:26 GMT

Sit back and enjoy! I hope you love it and I hope you and your neighborhood are a great fit. Sounds like a smart move to me!

Re: Going from owning to renting

suzyQ3 — Sun, 29 Apr 2018 22:21:16 GMT

Sounds like a change for the better, @Cumbercookie13

Re: Going from owning to renting

blackhole99 — Sun, 29 Apr 2018 22:21:48 GMT

Lucky you, I live in a small home on a lot of property and as my husband and I age it's getting to be a problem for us. Too much up keep, physically and financially. We could sell our property for big bucks tomorrow, but my husband isn't ready yet. I would be very happy to rent a 2 bedroom apartment in the city where everything is close by. Enjoy your freedom.

Re: Going from owning to renting

QVCkitty1 — Sun, 29 Apr 2018 22:24:07 GMT

Your apartment sounds great, it gets harder every year to keep up with the needs of an old house.

Re: Going from owning to renting

millieshops — Sun, 29 Apr 2018 22:26:27 GMT

@Cumbercookie13It's a huge decision, but I love your attitude. Hope the journey is smooth as can be.

I sympathize with the whole sorting and packing thing. It's a slog, but in the end I expect we'll hear you've accomplished what you set out to do. Good luck.

Re: Going from owning to renting

ALRATIBA — Sun, 29 Apr 2018 22:53:13 GMT

I did that when I moved back home (NYC) from SF Bay area after DH died.

We had a four bedroom house ... I now live in one bedroom apt. So much less work. If anything breaks, I call the management office and they send someone to fix it. Plenty of amenities. And, I can lock the door and take off for vacation w/o worrying about anything here.

Re: Going from owning to renting

SeaMaiden — Sun, 29 Apr 2018 22:54:15 GMT

@Cumbercookie13 Sounds like a lovely arrangement. Wishing you happiness in your new home!

Re: Going from owning to renting

pugvette74 — Sun, 29 Apr 2018 23:32:49 GMT

Wishing you a blessed new beginning! Enjoy!!!

Re: Going from owning to renting

AuntG — Sun, 29 Apr 2018 23:38:18 GMT

You made a good choice especially because you do not drive and are closer to public transportation.

Re: Going from owning to renting

dex — Mon, 30 Apr 2018 01:09:19 GMT

@AuntG I think you will be happier having less responsibilities to worry about in your apartment.I hope you love it and meet some wonderful new friends too.

Re: Going from owning to renting

nrm — Mon, 30 Apr 2018 05:15:29 GMT

@Cumbercookie13 Enjoy your new place! Maintenance free sounds awesome!

Re: Going from owning to renting

Mominohio — Mon, 30 Apr 2018 05:29:33 GMT

Another chapter in life, and as with most of them, there is an element of sorrow as well as one of excitement. I'm most impressed with your excitement and positive outlook about this. It seems as though you have thought this through, and accepted the reality of your situation, something many struggle with and put off until they are in dire need of making a change. Sounds like you have taken the bull by the horns, and are well on your way.

Congratulations for being strong, knowing what you need, and focusing in all the improvements that will be coming in life, rather than lamenting what will be lost.

You are definitely embracing a new and exciting time. Enjoy the transition, and the new life with less stress. And be proud of yourself for all you are accomplishing with this move and this new start!

Re: Going from owning to renting

lollyg — Mon, 30 Apr 2018 05:32:48 GMT

It is easier, just one caviat, landlords raise the rent to cover things like property taxes, water, sewer, trash etc. Check out your landlords and, if possible, talk to other renters. Good luck!

Re: Going from owning to renting

Big Sister — Mon, 30 Apr 2018 07:57:02 GMT

Upward and onward to a new adventure. I think you will have fun creating your new nest. Good luck!

Re: Going from owning to renting

Nataliesgramma — Mon, 30 Apr 2018 10:26:27 GMT

Good luck with your new life!!

Re: Going from owning to renting

Regal Bee — Mon, 30 Apr 2018 14:32:57 GMT

The number of people renting is really growing. Good luck!

Re: Going from owning to renting

ScarletDove — Mon, 30 Apr 2018 14:40:11 GMT

@Cumbercookie13 Enjoy your journey, may you thrive!

Re: Going from owning to renting

Lucky Charm — Mon, 30 Apr 2018 16:09:33 GMT

Congratulations! Sounds like you'll adapt well.

I'm not that easy...lol.

My husband works around the country at times and is put in corporate housing--not always apartments--sometimes homes.

What I don't like about it, when they (landlords/maintenance) wants to come in--they can just come in. I mean within reason, they usually give a heads up, but I hate the thought of someone invading my space--and I have no say in it.

And it's usually little things like furnace filters, smoke alarm tests, etc. But when I'm staying with him there, it really is an inconvenience.

At home, if I don't answer the door, that's it. You're NOT going to let yourself in to my domain. Your master key won't work here....

Also, we found that in several states, you DO have to pay school taxes, etc. --even if you rent. (We made his company reimburse us for that.) Just check to be sure.