In a divorce, one of the biggest decisions you have to make is what to do with the marital home. You have lived in this home for a long time and might have difficulty parting with it. However, in certain situations, it may not be the best choice to stay in the family home. It may be in your best interest to sell the home.
When You May Want to Remain in the Family Home
If you and your spouse have children together, your divorce will likely be difficult on them. As such, it is important to do everything you can to maintain some stability in their lives. This might include staying in the family home. If you can afford the house payments, you may want to keep the home for your kids’ sake. Living in a familiar environment can reduce some of their stress during this difficult process.
If your home is located in a good school district, you may have another good reason to stay put. Your childrens’ education is important. They may also be involved in various activities at school and have a close social circle.
When You May Want to Sell the Family Home
Without two incomes to rely on anymore, you may not be able to afford the family home anymore. Afterall, between the mortgage payments, taxes and maintenance costs, holding onto the marital home can be very expensive. If you do not think you can realistically afford the home on your income alone, it may be best to sell it. You do not want to suffer financially.
It is also important to consider your own emotions when deciding between selling and keeping the marital home. While some people have no issues living in the family home following a divorce, others can’t let go of the painful memories. If you think that staying in the marital home may negatively affect your mental health, it may be best to let the home go.
Consulting a Divorce Lawyer
Deciding whether to keep the family home or not is not easy. If you are having difficulty coming to a decision, you may want to seek the advice of a divorce lawyer, like one from The Winfrey Law Firm, PLLC. He or she can help you weigh all of your options and make the right decision.