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housing dilemma

My lease runs out in May. I'm paying $840/mo for a 998 square foot apartment a quick drive to work, an apartment with no frills except a covered garage I use for some storage.

Background: I've been mulling over the idea of moving closer to Minneapolis, being closer to friends (and girlfriend), at the cost of a longer commute... I've been thinking about my future in general, realizing that the job I've found myself in is actually a really good fit for me. So I'd like to stick with it, even if socially I'd like to be in Minneapolis.

And here comes the tricky bit. I just got a note in the mail yesterday from my leasing company asking if I want to move to a luxury apartment across town, at a reduction in rent of $90/mo. It's on the west side of town, instead of the north side... nearer the highway, but a little bit south. A wash in terms of commute and getting to Minneapolis, I think. The lease would start over, and I'd probably end up with a lease that expires in March 2005.

Which would tie me down to Rochester that much longer, and keep me from getting a house for that much longer. I don't think I have down payment, nor the will, to get even that much more tightly tied down to Rochester, so the house thing is probably not an issue. And in any case I'm unlikely to be able to time a change in venue with this May, so why not make it next March instead of May 2005 when my lease will run out?

There's a fitness center, a heated underground garage, and a pool at the new place. It's $90 cheaper a month for the slightly bigger 2bed/2bath, and a move wouldn't be too painful. The only downside I can see is being committed to renting in Rochester for an extra 10 months. There may be issues with construction noise, or difficulty getting to the highway, but... I suspect it's not bad, and it'd still be faster than getting to the highway from my current place. The downsides are minimal, really, once I admit to myself that talk of moving to Minneapolis is a bit far off, realistically... :-/

So yeah, I'll take a look and see if there's any obvious problems.

Comments

( 4 comments — Leave a comment )
lemurtanis
Feb. 18th, 2004 08:06 am (UTC)
The new place sounds a lot nicer, and crosstown moves aren't that bad. It's really a question of a) whether you're motivated to research places in Minneapolis and b) if the pool is indoors. :)
crs
Feb. 18th, 2004 08:24 am (UTC)
Re:
It's an outdoor pool... but heated. So really quite useless at this time of year.
plymouth
Feb. 18th, 2004 08:10 am (UTC)
so, um, why is your leasing company offering you this? are they trying to fill up the other place because it is new and empty? are they trying to sell of the place you live in now? I would ask. It does sound nice though. Mmmmmm, heated garage... *envy*
appleboy
Feb. 19th, 2004 08:01 am (UTC)
I had the same feelings as you with regard to Rochester, my job, where I wanted to live, etc.

I chose to go to Northfield for those same reasons. I wanted to buy, however, and found a great deal, and good financing for 100% of the loan with my credit union. Payments totalled with taxes, insurance, condo association, PMI, etc come up to only $800/month total for my 2 BR place.

Northfield also has some 2 BR places that come with a detached garage for around $650/month that aren't too bad either. They have Charter for cable and high speed internet, and Qwest or Hickory Tech out of Mankato for phone service. A 45 minute commute to Rochester, but also 40 minutes to downtown Minneapolis.

It's a nice progressive town too...
( 4 comments — Leave a comment )