September is looming. The end of a lease is kind of like a DTR for apartment dwellers. It says, “where do you see yourself for the next six-to-twelve months?” To get the best price, you often have to lock yourself in to a longer time commitment.
Tons of thoughts are swirling around in my head. I am not in love with our apartment complex, but I know our “generous” 825 square feet is hard to find at a reasonable price. Most 800+ apartments/condos/houses are in the $1600/mo. range here in San Diego! I don’t know why I feel uncomfortable sharing how much we pay per month, but I do. I’ll just say it is certainly less than $1600.
We walked through an apartment that is 725 square feet yesterday. 100 less square feet, but over $200 less per month than we are paying now. I know that if we consider homes in the 700 square foot range, we might be able to find a few good candidates at a lower price point. Saving $200 per month amounts to $2400 per year! But can I (we) live in that small of a space?
The cons about our current place:
- Noisy neighbors
- Awkward layout
- Third floor
- Little natural light
- Inattentive management
- We already live here (i.e, no moving trucks!)
- Unusually large sq. footage for a one-bedroom
- One reserved parking spot
- Pool and hot tub (that is, during the rare moments when they aren’t too crowded)
- Easy freeway access
Luckily, I have a couple of months to ponder this and troll craigslist to see if a better option opens up. I don’t really want to move again, but I do want a new place! The truth is: I want to buy a new place! With all these bloggers I follow making big moves I want to have my own homebuying adventure and start rolling some of our hard earned money into real estate equity (doesn’t that sound grown-up?) rather than filling the pockets of our property management company every month, and having nothing to show for it.
As I diligently try to squirrel extra cash into savings for a down-payment, I will continue to hem and haw about whether we need a new apartment or not.
Any advice for me??