Choosing On-Installation Housing for Now
Choosing On-Installation Housing for Now
When we made our first PCS, we spent some time heavily contemplating on-base versus off-base housing for our family. The amenities that on-base housing offered, like water, heat and AC included in housing are extremely helpful for new families and those wanting to save money on mortgages or utility bills.
We decided to choose on-base housing for now because we will save money in the long run and the process to rent a home on base was fairly easy. We did have to join a waitlist for on-base housing, but since we moved in December, after the busy PCS season from May to October, we got an offer for a house within a month of applying. This is a picture of us celebrating our first Christmas in our home!
We want to buy a house off base eventually, but financially we were not ready for that for our first PCS. We are living on base for one year to save money and for me to find a job. Next year we will decide if we want to buy a house or keep on-base housing. We will be stationed at different duty stations for a few years at a time, so buying is a big possibility for us.
MilSpouse Money
Mission Response:
There are many factors to consider when planning where to live when it is time for your next PCS including cost, community amenities, availability, schools, and long-term plans to name a few. As Leah mentions in her tip, if you are thinking about living on your next installation, try to get on the housing list as soon as possible as some places have lengthy waiting lists. We love your family photo in front of your Christmas tree, Leah. It is great you were able to move into installation housing in December and celebrate the holidays!
As you try to decide whether to live on your next installation, review your spending plan. Strive to keep your housing expenses to no more than your basic allowance for housing (BAH) or 25% or less of your pretax pay. Remember your total housing expense includes more than just your rent or mortgage. It may also include utilities, taxes, insurance, and maintenance. If you are thinking about buying a home in the future, check out Five Rules of Buying a House. The actions you take today, like minimizing debt, having three to six months of living expenses saved in an emergency fund, and building and maintaining your credit reputation, will help you be prepared when you are ready to buy.
