Thanks for chiming in Sally. I just got back from taking my girlfriend to the house. (She saw the rental on Friday.)
She agrees that the rental has a lot more charm to it. Likes how private it feels. However, since we don't know *how* things will look once he gets done putting in the road to the back parcels, etc, it is sort of "risky" in that I might want to move once everything has been cleared.
She also questioned whether I even WANT to have a 20 year old living with me with a a 20 year old lifestyle. (I honestly have my concerns with that too.) And DD was balking a little bit when I talked with her, saying that she wanted to know what the rules were going to be before she would commit to anything. But that yes, she was interested in considering it. I think I need to make this decision without planning on having her move in.
I just remembered that the rental house will actually be more like $47k+ more; I want my closing costs paid for by the seller, and so I know he would want to add it to the price.
The rental house 'sings' to me. I *think* the purchase house *could* sing if it had different lighting, color on the walls, different doors and millwork. [Listen up sellers- STAGE YOUR HOMES!!]
Okay, speaking to my lender; she thinks I should just purchase, especially since it is SOOO much less expensive than the rental and renting is just throwing money out the window.
I just wish the split had the 'charm' of the rental. Oh well. *sigh*
Me-43 H-46 M 12 yrs 7/09 T 15 2 grown kids bomb 7/05/07 H moved out 8/04/07 11/22/09 told him I quit;let's get ball rolling Mid Dec- he isn't sure he wants D End 2/2010-Starting to consider piecing