WWYD - Help please! Move or stay?

[countthestars]

As you probably all know, we are in the process of building a house but we're at a stand still with the bank. We hope to be in the house by February? March? April? :-(

Our original timeline had us in the house by December, so we re-signed our apartment lease through November and planned to go month to month until we could move in. Our current rent is $1275, but they could bring it up to as much as $1450 (we haven't talked to them yet) or keep it as low as current.

My parents own the house next door to them (inherited from my grandparents) and have tenants. The house has been on the market and the tenants are prepared to move out with about a months notice, as they all have parents or boyfriends that they could move in with but are staying because the rent is cheap and they are trying to keep the house occupied for my parents.

My parents are taking the house off the market until the spring and have offered for us to move in. We could stay until our house was ready. We'd have to do the snow removal, but rent is only $700. We would obviously also have to pay for heat, which would be more expensive than we are paying now.

As soon as we close with the bank, we will be paying mortgage + rent to either place that we live - mortgage is only on how much you have spent so far, so it would be progressively more as time went on.

Would you move into this house?

Pros:
- Rent is super cheap
- More space than we have currently
- Could get a dog
- Would be helping my parents out since their tenants could choose to leave at any time
- I could host Christmas, which would be nostalgic for my family since it was my grandparent's house
- 5 minutes from our build site, where we will be spending a lot of time (currently 15 minutes)
- It might be great to live so close to my parents!

Cons:
- Have to move twice (out of apt and again out of this house)
- Snow removal (?)
- What if our house is ready in Feb and my parents can't sell the house right away? Are we leaving them in a lurch? I know this is not my responsibility
- It might be terrible to live so close to my parents!

[Deleted]

I know moving sucks but I'd probably take your parents' place for a while. Saving money and being close the build site would be big incentives for me. And I'm not a dog person but I can imagine that would be nice if you are. I fear that February could turn into March, April and the more months you pay inflated rent the more you'd probably regret not moving when you could.

[dexteroni]

Having to move twice is a pain, but if it could save you a few thousand dollars, it might be worth it. Maybe you could just take the basics with you to the rental and rent a POD so you only have to load/unload/unpack some things once. I don't know how much PODs cost though.

[LoveTrains]

I would not move twice. It is too much of a PITA. I would just continue on at your current place.

[countthestars]

If we are able to stick build and seal the house, I also wonder if we could move a bunch of stuff to the basement (and not have to move it twice).

[Deleted]

Oct 11, 2012 10:44:54 GMT -5 countthestars said:

If we are able to stick build and seal the house, I also wonder if we could move a bunch of stuff to the basement (and not have to move it twice).

Yeah or the garage even. It may not be so bad.

[Pom]

I am sorry you are being held up at the bank. I must have missed a post. The thought of moving twice is painful, but saving on rent seems like a win. Best of luck with everything.

[Deleted]

I'd move and pay someone for snow removal.

[countthestars]

Oct 11, 2012 10:47:33 GMT -5 Pom said:

I am sorry you are being held up at the bank. I must have missed a post. The thought of moving twice is painful, but saving on rent seems like a win. Best of luck with everything.

Thanks! Yeah, it's pretty much been a nightmare. The foundation has been poured, but my uncle still owns the land. His lawyer insists that the title is clear but my bank's lawyer wants to see the death certificate from someone in a closed state. The state won't release the death certificate and my bank won't back down. I know they have my best interests in mind. But it's been 8 weeks. :-|

[magdala9]

If you and DH like your parents, move.

[Pom]

Oh right, I forgot about that death certificate issue you mentioned. That is crazy! What is the big deal about releasing a death certificate? Nothing is ever easy