My partner and I have been offered something that’s really got our heads and hearts torn.
We currently rent a 4 bedroom house on a 429sqm block for $325 a week, 12 monthly lease (renewed once, rent increased once) It’s okay, nothing flash, pretty terribly landscaped. No solar or anything, split system so with all our utilities it adds up to around $400 a week max.
My parents are going to leave Australia to travel for 5 years and have offered us to rent their home. It’s a much bigger, family home on 750sqm. All recently renovated inside and out, beautifully landscaped, great location - a really nice place to raise kids. They’re installing solar panels with battery and an electric stove. Has evap cooling and gas heating. It’ll come with their new car that they’ll leave for us with the only condition we pay the insurance and rego. Which all sounds wonderful but they want $450 a week, fully furnished. On top of that we’d have our utilities (which they say will be pretty non existent with the solar and battery?) and all other living expenses.
We’ve crunched the numbers and we’d be roughly $75 down per week if we moved 😣 But we would have a nicer home to raise our kids and total stability for the next 5 years. My parents also said at the end of the 5 years, if our savings aren’t there yet they will help us get into our own home.
Our heads are spinning and we’re really stuck. Thoughts?
Submitted December 12, 2018 at 06:16AM by Namsharpy https://ift.tt/2RNWOHC
