Should I renew my lease?
March 24th, 2018 at 12:21 pmI am on the fence about renewing my lease. I would love feedback. Starting this week, I am going to be caring for my grandmother half the week. She lives 80 miles from me. My family said I was more than welcome to stay there on my days off as well. For now, I am going to stay there on my days off one week, and go home the next week on my days off.
Anyhow, my lease is up May 31st. Grandma's heart is failing. The doctor said he has no crystal ball but estimated around 6 months.
I have to decide on my apartment by April 15th. My options were a year lease or month-to-month, but since my youngest is in the military I can sign a 6 month lease. Month-to-Month is $906 per month and the 6 month lease is $755 per month. I would also only pay $200 for June as a promotion. If I stay, obviously the 6 month is the way to go.
Please also keep in mind I am not in a position to replace my car if something happens to it.
Pros for keeping the lease:
-I live within walking distance of the mall, library, post office and park. I am on the border of two counties so my access to bussing is excellent as well. If I have car trouble, I can get around.
-My oldest son lives in the same complex, which means my grandkids are totally accessible anytime I want to see them.
Cons:
-I would be paying for an apartment and utilities I would only use about a third of the month.
-Other than my son, everyone else is closer to where my grandma lives (20 miles or less).
Pros for staying at grandmas full time:
-No rent, utilities or groceries. My family insists on the groceries. What I do buy would be covered with mystery shopping.
-Friends and family are nearby.
-I can store my stuff in her basement or garage.
Cons:
-I am not sure I want to live in that area after she is gone. I am not fully against it either.
-I would have access to rides, but if my car came to the point it could not be fixed, I would be dependent on others. The bussing system there is not what it is here.
-It would probably cost me more to rent there if I got an apartment there after grandma passes. My cousin and I have discussed moving in together, but I don't feel I should count on it.
-My son and daughter-in-law have no one in the area up where I am now but me to help out.
-This could last one month, 6 months, 2 years, no one really knows. The house would be put up for sale as soon as she passes.
I am very tired of moving around. However, I give up the lease, I know I could save a ton of money if I base this on the expectation I would likely have this situation for around 6 months. I cannot make up my mind at this point. I welcome any and all feedback.
*Note on the car. I am having it looked at when I am down there in April. It has a noise, but I expect it is a control arm ($400 and that is saved up). I trust the person who is going to look at it which I why I am going to take it in on his schedule. I had it thoroughly checked out and put money into it before I left Florida last year. It really should not have any other major upcoming issues.
I can also sub, mystery shop and edit in both areas so I am not location dependent as far as my other work goes.