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So, I'm currently renting a house in a pretty nice area and I just noticed a for rent sign in my neighbor. I happen to stop by as the owner was there, and the place is pretty much just like my house. Same floor plan, but the rent is $50 less than what I'm currently pay.
So, my question to you is, would you move to save $50/month?
If not, how much of a savings would you need to make a move?
So, I'm currently renting a house in a pretty nice area and I just noticed a for rent sign in my neighbor. I happen to stop by as the owner was there, and the place is pretty much just like my house. Same floor plan, but the rent is $50 less than what I'm currently pay.
So, my question to you is, would you move to save $50/month?
If not, how much of a savings would you need to make a move?
Its' common sense..I would move for $51 saving and not for less.
Again, is $50 enough of saving for you and then do it..why ask public opinion??
As is the answer to many, many things: it depends.
$50 relative to what? A $500 a month place where your gross is 40K a year? Or a $5,000 a month place where you make $250K+? "A pretty nice area" is also a relative term.
To some people, saving $600 a year would be huge and worth a move if they can get some friends to help them out. For others, it's just not worth the hassle relative to their time (and especially if you had to pay for any movers).
hmm $600 bucks a year? well-first I would call my landlord and ask if he would match it- and go from there based on his response. But me personally?-no
Depends on the costs associated with moving, I guess. It wouldn't be worth it to me, especially if I liked where I was and found the landlord and my neighbors to be decent -- too much risk and not enough benefits. There may be benefits to the move, but financially speaking, you could easily end up spending that saved money just on all those things that come along with a move, even if you do it all yourself.
Having been in a situation where $50 means a lot, yes I would. I guess it all depends on how much you have to live on each month and if it would give you breathing room.
I am moving in August to save about as much - my rent is going up so I will probably move closer to work. The rent itself might be higher, but the shorter commute time and less money in gas would be a big saver.
Before anything I would double check to make sure the same utilities and comforts are included in the new place versus the old, make sure to check on the parking space situation.
If you pay electric, look at the appliances, old appliances may add up to a higher electric bill and erode some of your savings.
So, I'm currently renting a house in a pretty nice area and I just noticed a for rent sign in my neighbor. I happen to stop by as the owner was there, and the place is pretty much just like my house. Same floor plan, but the rent is $50 less than what I'm currently pay.
So, my question to you is, would you move to save $50/month?
If not, how much of a savings would you need to make a move?
With the cost of setting up new services etc. Figure out how long it would take you to re-coop that 50.00 month. If it costs 300 in changing phone, cable, internet, etc...it might take you 6 mths to even see the 50 mth. So, by then they may raise the rent. If your house works, you like the neighborhood...I might pass, and stay put. Just hope you get some good new neighbors!
It depends on what other costs you will incur (or save) and other factors:
- Shorter commute?
- Closer to your kid(s)' school? (if appliable)
- Better neighborhood (in your eyes)
And then of course (like a previous poster mentioned): if you are saving on other commuting costs like gas, tolls, paying for parking, etc - the savings may be greater than $50 anyway.
For me, if the sum total of the savings was $50 and all else was held equal - I think the cost of moving (truck, boxes, buying friends' lunch for helping out, etc) would likely take over a year to recoup. I would not do it, unless the "other intangible factors" were really worth it to me.
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