[Quebecoise30]

Hello,
my husband and I just found out two days ago that we're moving to Burlington for his medical residency. We have about three weeks to find a place to live because of our circumstances. We will be in Burlington for a period of at least 3 years. We don't have an endless flow of cash and are wondering if we should rent or buy. Also, should we get an apartment, a condo or a house?
There's only the two of us but we're planning on expanding the family within the next three years. We want at least 2 bedrooms and 1.5 bathrooms. We have been searching craigslist and other sites online for housing and the process is a bit overwhelming.
Any tips on how to go about with the process?
Should we get an apartment or a rental unit for the first year and buy later?
Any suggestion is very welcomed our way.
(We're moving from Chicago)
Thanks!

[Quebecoise30]

Sorry I tried to remove the other original post... but it would not let me. Anyone knows how to remove a post? (not this one, another one)

[lalagrace]

Seven Days, the local independent newspaper. they have an online addition, and have classifeds listed there. You will find more postings there for apts, but not as many pictures. Depending on your budget, you'll find a wide range of types of apts. I have found that a lot are converted homes, which can make for funky layouts. I know that Fletcher Allen works with Hickock Boardman for relocations, and they do have a rental person who can steer you to some good options. Talk to them and see what they have.
We really liked Keens Crossing, in Winooski. Easy commute to Fletcher Allen, fairly new with nice amenites. Its on the high side for rent, but heat is included. Also I think UVM has a list of apartments that students have given positive ratings too.
good luck!

[flu189]

If cash flow is an issue and you are only looking at the potential of only a few years on location renting would be the most prudent option. Vermont has the distinction as having the greatest shortage of housing, especially in terms of rentals, but it is possible to find places to stay. At least with renting you have the choice to relocate without being tied down. Buying right now for some could prove to be a very risky and costly proposition. Recent articles concerning speculation on where our housing market is going seems to have less certainty than forecasting the weather. Some feel it will stay stable, some project continued rise in value, and then some feel we will join the rest of the country where prices have dropped 10% or more. Our housing shortage, especially in the category of what is termed affordable, will not be solved in short order. The consensus appears to be that we would need to add 12,000 cheaper homes in the next decade just to stay where we are at present and with the current regulatory atmosphere that just will not happen. Then of course the sustained and steady rise in construction costs from fuel to materials will derail even the best intentioned plans.

[MassVt]

I think renting would make more sense, especially if you're only planning on being in the area for a few years. And as far as renting, there are many neighborhoods from which to choose, some of which are withing walking distance to the medical center ( and the university). There are also quire a few condo -renting options in neighboring South Burlington, which is only a few miles to the south. Housing costs are considered pricey for such a small metro area, but hardly insurmountable.You should be able to find something reasonable.