We are curently living with my parents since we've just returned home from out-of-province. I work in the town where we are living and DS is in kindergarten here.
We're looking for our own place and they're not cheap (they average $1,400+ for a town house or condo). We have some pretty ambitious financial goals for the near future.
Here are our options so far (after a few days of looking)
Option A: Renting a friend's 1BR apartment. It consists of a living room, a medium sized bedroom, bathroom, and small kitchen.
Pros: it's on the cheaper end ($950 inclusive a month), it's on a huge chunk of land, it's literally right next to DS's school (we can see his classroom windows from the living room), it's asthetically pleasing- a nice bright space.
Cons: it's small- it would take some creative configuring for sleeping. If it were dirt cheap, it would be a real contender, but we'd be saving about $300/mo....I'm not sure it's worth it. Coin laundry will soon be on sight. Person above us in another apt.
Option B: Renting part of a duplex, 2BR
It's the back half of a house, has a larger kitchen, a fireplace, 2 BR, a nice bathroom, garage, deck, yard, laundry in basement.
Pros: 2BR, new bathroom, fireplace, garage, deck, yard, only one connecting neighbour, the basement is un-finished but we could use it as extra space.
Cons: it has carpet throughout which I hate, it's not a huge space, it's more expensive, but still affordable in the grand scheme of things ($1,150 plus utilities), DS would likely take the bus to school.
I'm hoping we can go car-free over the summer and into fall which will save us about $300/mo.
What do you think? Is saving $300 worth losing a bedroom? It might mean us buying furniture to make it work.
I guess the fact that I can see either space working is a good thing. ...and we've only been looking for a week...but we're feeling very ready for our own space again.