Author Topic: Moving closer to work  (Read 816 times)

Blackeagle

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Moving closer to work
« on: March 02, 2018, 08:41:02 AM »
I am pondering whether or not to move closer to work. 

Right now I rent a place out in the suburbs, about 6 miles from my workplace.  It's quite spacious (3 bedrooms for one person) and for the size, itís rather inexpensive ($710/mo).  The commute is fairly stress-free without any recurring congestion.  The downside is itís kind of old and run down, and the neighborhood isnít the greatest.

My intent is to stay at my current job for at least another two years, then reassess.  Since I might decide to leave after two years, buying a house doesnít really make sense, but I think itís long enough to justify the time and trouble involved in a local move.  My job is fairly secure and itís unlikely my work location would change (government job, basically). 

One of the things that spurred me to think about this is thereís a large new apartment development going in very near my workplace.  Itís close enough that I could not only walk to work, but I could walk home on my lunch break if I wanted.  Itís still being built, but according to their website theyíre going to start renting in a couple of months.  Now, since I havenít actually seen one of these apartments I might be unrealistically idealizing them (they donít even have interior pics up yet).  However, even if I didnít end up liking this particular place there are other options slightly further from my workplace in the same price range.

Iíve got quite a bit of crap, so downsizing to a 2-bedroom would require getting rid of some of it.  This would be a pain to do, but would probably be a good thing long term.  Even after getting rid of stuff Iím willing to part with I would probably need a storage unit.

Rent at one of these closer apartments would be about $1100-1200 per month, so about a  $4-500 increase from what Iím paying now.  The storage unit would tack on about another $50 per month.  One nice perk of the new development is that the rent includes high-speed internet, which would save me about $100 per month.  Living close enough to walk to work would cut my driving by about 3000 miles per year (Iíd still need a car for other purposes though).  Thatís probably worth another $100 per month.  Iím pretty good at taking my lunch to work, so the ability to walk home for lunch is more of a quality of life bonus than a money-saver.  Financially, this move would probably cost me an additional $250-350 per month. 

On the other hand, moving would give me easy access to a lot of mustachian amenities.  Thereís a nice trail system along the river and the new library is being built right across the street from the new apartment complex.  Being able to walk to work would be a huge bonus for me (I lived close enough to walk to school/work every day from 2005-2012 and I miss it).  I have to admit there would be some less mustachian benefits as well: Any of these potential apartments would be much nicer than the place Iím renting now, in a nicer (urban, hip) neighborhood.

Thoughts? Given the cost am I crazy for even considering this?

robartsd

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Re: Moving closer to work
« Reply #1 on: March 02, 2018, 09:21:55 AM »
The only reason I would choose to make your proposed move would be to switch to a car-free lifestyle. As you say you'd still need a car, so I don't think I'd make that move. 6 miles is well within what I consider biking distance. Mustachian advice would be to downsize your stuff and get a roommate or two to offset your current housing costs.

des999

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Re: Moving closer to work
« Reply #2 on: March 02, 2018, 10:20:47 AM »
can you ride your bike to work where you live now?  I used to ride 7 miles each way.  Took me about 35 minutes each way.

I don't think it makes a huge difference financially, but it could be a better lifestyle for you.   

Sibley

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Re: Moving closer to work
« Reply #3 on: March 02, 2018, 11:18:47 AM »
"Iíve got quite a bit of crap, so downsizing to a 2-bedroom would require getting rid of some of it.  This would be a pain to do, but would probably be a good thing long term.  Even after getting rid of stuff Iím willing to part with I would probably need a storage unit."

No, you do not need a storage unit. You need to get to rid of stuff you don't need. Go visit the decluttering threads if you need help. Try Marie Kondo's method. Whatever.

Otherwise, I have no opinion on the move or not move. It would probably be dependent on actually seeing the new units.

ketchup

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Re: Moving closer to work
« Reply #4 on: March 02, 2018, 12:10:42 PM »
"Iíve got quite a bit of crap, so downsizing to a 2-bedroom would require getting rid of some of it.  This would be a pain to do, but would probably be a good thing long term.  Even after getting rid of stuff Iím willing to part with I would probably need a storage unit."

No, you do not need a storage unit. You need to get to rid of stuff you don't need. Go visit the decluttering threads if you need help. Try Marie Kondo's method. Whatever.

Otherwise, I have no opinion on the move or not move. It would probably be dependent on actually seeing the new units.
+1.  There's no reason a single person cannot fit into a two bedroom apartment.  Having "quite a bit of crap" means you should pitch plenty of it, whether you move or not.

Blackeagle

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Re: Moving closer to work
« Reply #5 on: March 02, 2018, 03:16:20 PM »
+1.  There's no reason a single person cannot fit into a two bedroom apartment.  Having "quite a bit of crap" means you should pitch plenty of it, whether you move or not.

Some of it definitely can to go, but there are some things that just wonít fit in a place without a garage or a basement (thanks to a couple of gear intensive hobbies).