Divorce rarely brings out the best in people, and common sense is often the first attribute to fall by the wayside at the beginning of proceedings. More than one spouse has ended up on the other side, officially divorced and scratching her head, wondering, “What have I done?” You love the house. You worked hard to improve it over the years. Your kids go to school down the street. There may be a lot of reasons you want to hold on to the property. But consider all the pros and cons before you give up everything else in settlement negotiations.
Keeping the House for the Kids’ Sake
Let’s start with your children, the ones who go to school in the district where the marital home is located. Changing schools can be traumatic for a youngster. If you’re sure you can’t relocate to a new home in the same district, this may be a consideration, but it may be less of a concern if your kids attend private school – a move may simply mean you have to drive farther to deliver them and pick them up on schooldays.
Their ages are an important factor as well. Although it may be upsetting for a fifth grader to change schools, the effect on a high school junior may be far worse if moving means he can’t graduate with the same kids he’s gone all through school with. The flip side is that he will most likely fly the nest in a couple of years, going off to college. Do you really want to make a long-term commitment to the property when your primary reason for keeping it is short term? Continue reading