A great statement from you guys in the field last week, renting for an extended time before buying!
Try it before you buy it is one of our favorite techniques, especially when moving to an unfamiliar geographic location or a second home…
After searching for prior comments on this subject with no luck, Newsletter maybe garnered the story some time ago … a post was born!
A one year lease near where you think you may want to live may just be perfect…. over a years time you will have a full cycle of important points to help clarify your decision…
Arbnb/VRBO or the like – Monthly or multi-monthly rentals in many cases are actually easier due to many neighborhood restrictions of shorter term rentals.. In this situation, don’t be a stranger, you have less time than a year, ask about other times of the year, get out and mix and mingle, do activities and join the groups of interest …
With a little effort, you can submerse yourself in the new area, and make new friends as well!
Key points to think about
Neighborhoods– Just like colors of cars, clothes, closets or caps (lots of C’s there) each family has their likes and dislikes, and it can take some time to clarity what those are in a new neighborhood
Climate – I have been fortunate to come along with many of you that have had massive moves in the form of geography – Not only hot, cold, lots of sun, less sun, higher altitude (can be a huge health issue), lower altitude, humid, dry … you get the point … a lot of variables
People – Will tread lightly here, but lets just say there are many different strokes for many different folks out there and not all mix!
Ascetics – Living in the south …very aware that many other states have much greater emphasis on parks, paths, nature and outdoor adventure, maybe that is not your thing, but if it is, this could be a very hard factor to quantify unless you have “feet on the ground” so to speak!
Density – New York is for some, Bozeman Montana for others – it may take time to get a feel for the density that is best for you
Health Care – As we age, this is more important…stamping out your health team in advance or the lack of, may be of great importance depending on the situation
Travel access/Airport/Airlines – Family, vacation, work … ease of entry and exit may be more or less important depending on your location, but a lock of ease with a desire for could be a negative rub
Successful Trials in our experience
We are happy to say we have MANY successful stories doing this technique … and no mistakes that we can recall…
Not as easy as just jumping into something, takes time and planning…. but may help with future regrets!
Nothing says you cannot try multiple places too ….
Have a Great “It’s ok to try before you buy” Day!
John A. Kvale CFA, CFP
AI Content Authenticity: AI Gemini created the Try image. All of the following text content has been completed by myself and has not been edited or created by AI. Occasionally we do use AI for images and will note when appropriate.
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
