When your divorce is over, you might find yourself in possession of the marital home. However, the post-divorce home can feel a little different then how it used to. Therefore, you might want to consider some the different things you can do with it…
Post-Divorce Home: Potential Options
Do some renovations
If you’re interested in keeping the post-divorce home, then you’ll probably want to change things up. After all, keeping it the same can bring back some bad memories from your marriage. By adding your own style and flair, you can make the place feel more like it’s truly “yours.”
This can be a great time to do some renovations you’ve had in mind for a while. Now, you won’t have to worry about your old partner not liking what you suggest. You can make any of the changes you’d like. Still, if you’re looking to save a bit of money, doing some simple redecorating can create a similar effect.
Rent it out
Another option for your post-divorce home is to rent it out. This can be an appealing option if you have somewhere else to live, and want to potentially make some extra money. Of course, this does come with its own set of responsibilities. Being a landlord means you’ll have to worry about a few more things than if you were just living there.
For instance, you’ll have to make sure your insurance covers renting, and that you have any necessary permits. You’ll also be in charge of making any repairs and upgrades to the house. Not to mention you have to make sure you find a reliable tenant and charge a fair rate!
Sell it
There is always the option of selling your post-divorce home. If you want to move someplace new, then selling your home will help you with covering the costs. That being said, you want to make sure you do things the right way and get the most money you can.
This may mean doing some renovations and upgrades, as these can help boost your home’s value. Be sure you also consult a good real estate agent as well. They’ll not only help with advertising the home and showing it to potential buyers, but they can also make sure your house is up-to-code so you don’t run into any delays.