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Specialty tag(s): Dividing the Marital Home, Property Division

What Should You Consider When Deciding to Keep or Sell Your Home?

Angel J. Berbarie | April 26, 2017

Transcript

Some people put together their monthly spreadsheet, where they lay out their budget, how much their note is on the house, but there are other things to consider other than just the house note. What are the taxes going to be? Are you going to be hit with a big tax bill at the end of the year that you can afford or can’t afford? What’s the homeowner’s insurance? But, in addition to that, what is the cost of just running your home on a day-to-day basis – the electricity, the water, pool maintenance, yard maintenance. Everything has to be considered.

There are also some other costs to consider, which is what things would you have to give up if every penny you make is going to running your home. And the things that you may not want to give up are the special moments that you have with your family and your children – family vacations, a mom-and-daughter day at the spa, taking your son on a mom-and-son date. And if you’re pouring everything that you have into your family home, these are things that you may have to give up.

You can create a home anywhere you are, and at the end of the day, it’s going to be best for your family if you’re not financially stressed and you can create that home anywhere.

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