Wanting to rent while we build house

[Blair Ellis]

We're looking to build a house across the street and while we would ideally like to move once instead of twice, the reality of that isn't looking promising. Looking to see what kind of inventory is available to rent (if we were to list our house now, move #1 to a rental would likely be around October/November, then move #2 into the new house around February/March-ish of next year depending on speed of builder). Have 2 small kids and a medium dog (lab/mutt) so something with a fenced in back yard is preferred. Looking for A/B neighborhood. Yearlong lease is out of the question. Trying to help someone out who might have a vacancy and wants to limit reserve loss in the current environment.

[John Teachout]

I think the value of having your house to live in, keeping a close eye on the construction site and not having to move twice would far outweigh the potential market downturn. Housing prices may go down in your area. Or not. I haven't seen any downward price pressure in our area. However, even if it does go down a bit, you have to balance that against the additional expenses you're going to have by selling, renting, moving, moving again. Commuting to the construction site and so forth.