Should You Keep or Sell Your Family Home After a Divorce?

One of the most pressing issues in a divorce is deciding what to do with the family home. Some people prefer to stay in their home while others want to put it up for sale. Whether or not you should keep or sell your family home depends on your unique situation. It is important to consider both the positives and negatives of keeping a marital home.

Your Finances

Before you decide to keep the marital home, determine if you can realistically afford it or not. From the monthly mortgage to insurance and taxes, owning a home can get very expensive. If you earned the higher salary in your marriage, you may not have a problem making the payments.

On the other hand, if your spouse was the breadwinner in your marriage, you may have difficulty affording the home. If your salary and spousal support can’t comfortably cover the payments, you may be better off moving into a smaller and less expensive place.

Kids’ School District

Consider your kids’ school district when deciding on whether or not to keep your marital home. If you move into a new home, your children may not be able to attend the same school district, which may be difficult for them. They will have to leave their teachers and classmates, who they may feel the most comfortable with. Your kids may have trouble adjusting to a new school. If you truly want your kids to remain in the same school district, it may be wise to keep the marital home.

Your Emotional Wellbeing 

Some people have no issues with remaining in the family home after a divorce. Others, however, have deep emotional wounds and can’t separate their home from their marriage. When they sit inside their home, they may constantly think about their old life, which is not healthy.

If living in your marital home brings back painful memories, it may be best to move somewhere new. You can get a fresh start and improve your mental health.

Enlisting the Help of a Divorce Attorney

If you are having trouble deciding if you should stay in the marital home or not, you may want to discuss it with a divorce attorney, like one from The McKinney Law Group. He or she will assess your citation and provide you with sound advice.