It’s peak permanent change of station, or PCS, season. If you’ve just received your orders and need to move your family, you have a lot to consider.
Before you do anything, though, you should visit your base transportation office to find out about moving options available. You may also want to make an appointment with your finance office.
Do you own your current home? If so, are you planning to sell it, or rent it out? These are important questions to consider.
If you are looking to sell your home, you’ll want to contact a realtor to get things moving along. Depending on the market in your area, selling your home could take months. You might consider renting the house out while it is on the market. If you’re looking to rent your home out, you’ll want to see what you’d have to rent the house for to cover your expenses.
Of course, renting a house out comes with its own burdens. You’ll be responsible for covering repairs and damages to the home while it is being rented. If you lose your renters, you may have to pay for the mortgage out of pocket. One possible solution is to rent to fellow military personnel.
Now that you’ve decided what to do with your current home, it is time to start thinking about your relocation. Are you going to choose military housing, to rent a place, or buy a new home?
There are pros and cons to renting and buying.
If you decide to rent, you can apply Basic Allowance for Housing, or BAH, to rent if you qualify, and your aren’t responsible for the cost to fix major maintenance issues. You also have the freedom to move more easily the next time your PCS comes around.
When buying a home, you can apply your BAH to mortgage payments and make changes to your home as you like, but you are responsible for your mortgage payments and the cost of maintenance and repairs. A home warranty can help you with the latter!
If you’re thinking about living in military housing, there are a few things to consider. Living on base can make you feel more connected to the military community, but you may have to follow rules like lights-out policies and home inspections. Living on base can help you save money, and you’ll often be closer to shopping and health care than otherwise. You also have the enhanced sense of security that living on base can bring.
However, you may want to purchase or rent outside of military housing.
If you are looking to purchase a new home, there are a few questions you’ll likely want to ask. When looking for a house, do you see yourself living in the home? Is the house structurally sound? Do you like the neighborhood? Is it near good schools and parks?
Once you’ve found a home that you like, you may want to consider a home warranty.
A home warranty covers major appliances, plumbing, and electrical systems in your home. The amount of coverage depends on your home warranty policy. Having a home warranty on your new home can save you the financial burden of having to replace your appliances when they break.
Thinking about renting your new house out later? Ordering a home warranty for your new home now can help keep your home in working condition. Don’t let the cost of repairs pile up! Let Freedom Home Warranty help you with your home and appliance repair needs,
For more information about Freedom Home Warranty’s plans, request information here or call us at 888-495-2249.