There are three main options that you have, when deciding where you are going to live after your divorce:
1.) Stay in the home;
2.) Purchase a new home; or
3.) Rent a new property
Some factors to consider when deciding which option is best for you, are as follows:
1.) Is the location convenient to your work and social communities?
2.) How does this choice meet the needs of your children, now, and in five years?
3.) Does the home’s size and layout suit your new single lifestyle?
4.) What are the tax implications of the required actions?
5.) Have you considered the total costs for each option, including maintenance and utilities?
6.) If you make this choice, what are you giving up in terms of other financial goals?