Keeping the house after divorce requires careful financial analysis of costs, income, and alternatives
The decision to keep your marital home requires thorough evaluation of multiple financial factors. A Certified Divorce Financial Analyst (CDFA) can help you assess whether retaining the house makes sound financial sense.
- Calculate total housing costs, including property taxes, insurance, maintenance, and repairs
- Compare your post-divorce income against monthly housing expenses and living costs
- Evaluate trade-offs between keeping the house versus other assets like:
- Retirement accounts
- Investment portfolios
- Liquid savings
- Research costs and availability of alternative housing options
Making this decision requires careful consideration before finalizing your divorce settlement, as the choice becomes binding once agreements are signed. Consulting with a CDFA helps ensure you make an informed decision based on your long-term financial wellbeing.