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Hello,
I think I made a financial mistake and would like your advise as to whether live with it, or cut loses.I admit I am biased towards moving, but this is where you come in to be objective and provide me with sound advise.
This is the situation.
After much research, I ended up renting a 2/1 apt for $1400. I was happy with my decision and I just renewed in November 30th for a second year.
Well, I started thinking outside the box and, yes 1400 is great for the area I live with, but I had never considered the county as a broader option.
Well, I did and it turned out, I could rent a 2/1, in a different city which I just love for 900-1000. I had assumed this area was more expensive.
The benefits of the new location are:
Blocks from the beach
A more active and social community, more bohemian. you always see people. Safe
No carpet! These are older remodeled buildings, the big majority are tile and/or hardwood
Bigger spaces for less price
$400-$500 less in rent
As you can see the benefits above are all wants, with the exception of the price
The drawbacks are:
They ask for 2-3 months deposit. Until now I have always lived in managed communities, and since I, thanks God, have good credit, they have never asked me for deposit. or maybe half a month at most.
(I did own a house for some time, which I short sold, but Im talking about my renting years)
If that was all, I think I would move. even with the $2000 deposit. However:
1) I just renewed in November. the penalty for breaking the lease is 1 month rent: $1400
2) I did bad at maintaining the carpet and have two stains I cannot remove, I went through a difficult divorce in March and I admit, taking care of the carpet was not on my priority list. I allowed my son to make juice stains and playdoh messes, and who knows what else that I did not remove immediatelly. So, while I plan to try a professional cleaner service, i might end up charged for the carpet too. I cleaned it all very nicely myself, but there is one stain in the dining room and one on the corridor that I could not remove....I actually damaged the fabric a bit on one of them in trying differert products..
Financially:
Current
1) Paying $1400/mo for rent
2) Carpet is stained, I will have to pay for it eventually
3) Just renewed in November, penalty for breaking is $1400 (I will try to talk them into siwtching me to short term renting where I pay month after month at $1650)
If I move
1) will pay $900- $1000, lets say $1000, so this is $400 savings
2) Need to pay $2000 deposit
3) Might need to pay $1400 on penalty
4) Might need to pay for carpet ~$2000
5) Estimated moving cost $500 (I hardly have any furniture.)
Cost to move now, worse case scenario:
2000 deposit
1400 penalty
2000 carpet ($200 if professional cleaners leave it ok)
500 Moving
5900 Total
Savings per year: 400 x 12: 4800
Sooo, give it to me, what do you think? Thank you!
I think I made a financial mistake and would like your advise as to whether live with it, or cut loses.I admit I am biased towards moving, but this is where you come in to be objective and provide me with sound advise.
This is the situation.
After much research, I ended up renting a 2/1 apt for $1400. I was happy with my decision and I just renewed in November 30th for a second year.
Well, I started thinking outside the box and, yes 1400 is great for the area I live with, but I had never considered the county as a broader option.
Well, I did and it turned out, I could rent a 2/1, in a different city which I just love for 900-1000. I had assumed this area was more expensive.
The benefits of the new location are:
Blocks from the beach
A more active and social community, more bohemian. you always see people. Safe
No carpet! These are older remodeled buildings, the big majority are tile and/or hardwood
Bigger spaces for less price
$400-$500 less in rent
As you can see the benefits above are all wants, with the exception of the price
The drawbacks are:
They ask for 2-3 months deposit. Until now I have always lived in managed communities, and since I, thanks God, have good credit, they have never asked me for deposit. or maybe half a month at most.
(I did own a house for some time, which I short sold, but Im talking about my renting years)
If that was all, I think I would move. even with the $2000 deposit. However:
1) I just renewed in November. the penalty for breaking the lease is 1 month rent: $1400
2) I did bad at maintaining the carpet and have two stains I cannot remove, I went through a difficult divorce in March and I admit, taking care of the carpet was not on my priority list. I allowed my son to make juice stains and playdoh messes, and who knows what else that I did not remove immediatelly. So, while I plan to try a professional cleaner service, i might end up charged for the carpet too. I cleaned it all very nicely myself, but there is one stain in the dining room and one on the corridor that I could not remove....I actually damaged the fabric a bit on one of them in trying differert products..
Financially:
Current
1) Paying $1400/mo for rent
2) Carpet is stained, I will have to pay for it eventually
3) Just renewed in November, penalty for breaking is $1400 (I will try to talk them into siwtching me to short term renting where I pay month after month at $1650)
If I move
1) will pay $900- $1000, lets say $1000, so this is $400 savings
2) Need to pay $2000 deposit
3) Might need to pay $1400 on penalty
4) Might need to pay for carpet ~$2000
5) Estimated moving cost $500 (I hardly have any furniture.)
Cost to move now, worse case scenario:
2000 deposit
1400 penalty
2000 carpet ($200 if professional cleaners leave it ok)
500 Moving
5900 Total
Savings per year: 400 x 12: 4800
Sooo, give it to me, what do you think? Thank you!
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