How divorce impacts a person’s housing situation

Posted by Lauren S. CohenFeb 07, 20180 Comments

Those who have just gotten a divorce may not think that where they live is a big decision. However, it can have a significant impact on a person's life. For instance, choosing to live in New York could have different financial consequences than living elsewhere. Choosing where to live immediately after a divorce could also have emotional and other consequences that an individual may need to consider.

One of the most emotional decisions a person may make is choosing whether to stay in a marital home. Those who have children may want to provide stability in their lives, which may be possible by keeping the home or allowing the other spouse to live there. However, it is important to consider the cost of paying a mortgage as well as to cover maintenance. Individuals who cannot afford to stay in their current home may be better off by looking for another place to live.

In some cases, it may be better to rent as opposed to keeping a marital home or buying a new one. Doing so may provide some flexibility during what may be a fluid time in a person's life. Furthermore, someone going through a divorce may not want to make such a major decision such as buying a home during what is often an emotional time in his or her life.

There may be many factors that come into play when deciding where to live after a divorce. For instance, an individual may be required to pay alimony or child support, which may impact the type of home or apartment a person can afford. It is also possible that an individual has an emotional attachment to a family home. Attorneys may be helpful to those who have questions about how a divorce may impact their life.