After finding your permanent home, it can take over a month to finalize the closing agreement. Sometimes this timeline doesn’t match up to your plans of selling your house or ending your lease in your current home.
You may find yourself in-between places to live, but you don’t have to resign yourself to being homeless! This is when temporary housing comes to the rescue.
Use this guide to plan your transition and find a proper short-term living situation.
Before you look for a temporary place to stay, try to coordinate your closing or lease term end dates so this isn’t necessary.
Some of this may be out of your control as you wait for someone to make you an offer on your home. However, you can request a shorter or longer closing period in your contract to help coordinate your moving date.
If you close the deal on your current home but aren’t ready to move out, you can always find out if you have an option to stay in your home. Of course, this is only a viable option if the buyer is able and willing to let you stay.
You may try asking the buyer if you can rent the house from them for a few weeks. They may agree, especially if they are in the same situation as you.
Once you know that you are going to move then you should determine how long you have to wait to relocate. This will tell you which type of temporary rentals to consider.
You might have to wait until the current owners move out of your new house or until the closing date. The owners can give you an estimate of when they plan to move out, but a closing date is more reliable since this is part of your legal contract.
While you look for temporary apartment rentals you will need to do something with your furniture. Placing it in storage will get it out of your current house fast so the new owners can move in.
This also keeps you from having to move your things multiple times. Plus, your temporary home might be too small for your stuff.
Many housing types include furnishing, so you will only need to bring basic personal essentials.
Now that your possessions are secure and your old home is settled, it’s time to search for short term apartment rentals.
There are many options available. The best one for you will depend on your situation such as your family size and waiting period.
Many complexes offer three-month lease apartments for people in a transition phase.
Apartments offer all the amenities and comforts of a home for people with children and pets. You are able to cook, have separate bedrooms, and continue daily activities without interruption.
This option also works for longer waiting periods but requires a lease agreement. Since the lease is shorter than the usual one-year agreement, the rent might also be higher.
A similar option to a 3 months lease apartment is a sublet. If you find someone who wants to break their lease or is leaving their home for a period of time, then you can rent the apartment from them.
You’ll sign a sub-lease agreement, but the rent is usually the same as the current tenant’s lease.
If you only have a few days to wait for your house or new apartment to be ready then a hotel will work.
The average cost of a hotel is nearly $130 per night, so you don’t want to choose this option if you’re not sure when your house will be available. Although expensive, hotels are perfect for last-minute changes and always have vacancies.
Some hotels cater to people in town for extended business or who need long-term accommodations. Rates coincide with the length of your stay and many offer both weekly and monthly pricing.
Choose an extended stay hotel that is near your new home and that includes necessities like a living room, laundry service, and a kitchenette.
Another cheap and convenient way to find a temporary living arrangement is to search on home-sharing sites like Airbnb. You will be surprised at how many rooms, guest houses, and apartments are available in your area.
These types of homes are subject to availability so you might not be able to rent one unit for more than a week or so. But, you will be able to choose from a variety of styles and stay within your local area.
Traditionally, corporate housing was reserved for business travelers who needed accommodation on a moment’s notice. This enterprise expanded with the need for temporary housing and now welcome all types of renters.
The advantages of this type of short-term rental are that the homes are furnished and can accommodate families who need more space.
Utilities are usually included in the rental price, so it is a hassle-free way to live.
Besides staying in a hotel or rental home, another choice you may have is to live with a relative until your new home is ready.
A family member or even a friend might have an extra room if it is just you or you and a significant other. If you have a family, then you will need someone with a basement apartment or a guest house.
Regardless of which type of temporary housing you choose it is important to make plans before you are stuck with nowhere to live. Check your budget and your waiting period to see which type of housing you can afford.
Contact us today so that we can help you plan your short-term home away from home.
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