When we found out that we were moving to Pennsylvania in November, we only had three weeks to square things away. I was in charge of finding us a house and I wanted to try something outside of the box. Since there is very few houses that are over 100 years old in Texas, I thought an old victorian would fit the bill perfectly. After searching through all the rent sites for older houses with charm, I found this 2800+ sqft, 3 story, 6 bedroom, built in 1892 that was once a rectory to the church next door. It looked as if it jumped out of the pages of a story book! The price was right! After only viewing the house on the internet we signed a one year lease.
So this brings me to the question; To stay or go? We are nearing the 3 month mark until our lease ends and we have spoken to the owners to go month to month after it's completion. The owners need to sell soon and are waiting until March and it will go back on the market! Like us, they relocated out of state and couldn't sell their house so they leased to us! We also leased our house in Texas due to the poor real estate market!
The house, although very charming has many problems! The electrical is old and many of the sockets are still two-prong. It has limits before a fuse is blown and we have to go down to the basement to reset it! It costs a small fortune to heat and cool, and the kicker is that it doesn't have central air conditioning! It is noisy! There is a fire station one block north and one block south that set off an alarm any time there is an emergency whether it is 2 AM or 11 PM. Also we live super close to a railroad crossing. Usually I can get past most of the issues with the exception of a hot day! On those days I am reminded that the next house will have central air and all the rest of the problems with the house also seem a little more difficult to stand!
We finally have recuperated from the cost of the move and we have finally become able to put back money to put down to purchase a house but it will be at least early Spring before we have enough to move! We have considered renting another house for a few more years so that we could save for a larger percentage down on a house but most of the houses are asking a lot more a month and the cost to move again would also set us back further. This is not a permanent place to stay for many years to come but we very well could stay a little longer! If we do, James can stay in his school longer. It was a hard transition or him last November and I want to eliminate as much change as possible for him. We have great land lords and they addressed any issue that has come up! So do we stay a little longer in the current rental or consider moving into another rental when the lease is up so that we can purchase a house with more money down?