Options to Move Out
Considering options to move out. This will be a long term project. May initiate sometime next year.
Options:
1. Own a place.
Advantages:
Money spent on mortgage is kept
Disadvantages:
Commitment to remain at a place
If choosing to leave, responsibility of selling the place
2. Rent a place or Lease.
Advantages:
Flexibility
Option to return home open
Testing the "waters" for a newbie like myself
Disadvantages:
Money spent on rent not kept as capital
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Option 2 will be for immediate needs and for a learning experience. Option 1 will be for later.
I will be renting for 6 months BEFORE I ever consider owning a place. Too many things I need to learn first.
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Obviously, I do not know squat about this. It's about time to learn that too.
Since I am very new at this and the option to return home will be open, I will try and experiment with something like -- a 6 month lease. A lot of things to figure out about myself; and the only way to go about it is getting out.
===
Some general searches:
The Seville Apartments
Garden House
Woodfield Gardens - Too far from what I want to do.
$595 - Chicago, IL
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Sources:
http://chicago.craigslist.org/ (Very effective)
http://ww.realtymort.com/listings/ (Very good places in the city)
http://www.chicagoapartmentsolutions.com/
===
Location suggestions:
Jefferson Park**
Wicker Park*
Lake View
===
To do:
1. Scouting. Get more information from places by visiting them. Drive around neighborhood.
2. Develop a relative budget.
===
Things to note:
1. Old building == High utilities
Options:
1. Own a place.
Advantages:
Money spent on mortgage is kept
Disadvantages:
Commitment to remain at a place
If choosing to leave, responsibility of selling the place
2. Rent a place or Lease.
Advantages:
Flexibility
Option to return home open
Testing the "waters" for a newbie like myself
Disadvantages:
Money spent on rent not kept as capital
===
Option 2 will be for immediate needs and for a learning experience. Option 1 will be for later.
I will be renting for 6 months BEFORE I ever consider owning a place. Too many things I need to learn first.
===
Obviously, I do not know squat about this. It's about time to learn that too.
Since I am very new at this and the option to return home will be open, I will try and experiment with something like -- a 6 month lease. A lot of things to figure out about myself; and the only way to go about it is getting out.
===
Some general searches:
The Seville Apartments
Garden House
Woodfield Gardens - Too far from what I want to do.
$595 - Chicago, IL
===
Sources:
http://chicago.craigslist.org/ (Very effective)
http://ww.realtymort.com/listings/ (Very good places in the city)
http://www.chicagoapartmentsolutions.com/
===
Location suggestions:
Jefferson Park**
Wicker Park*
Lake View
===
To do:
1. Scouting. Get more information from places by visiting them. Drive around neighborhood.
2. Develop a relative budget.
===
Things to note:
1. Old building == High utilities