What should I consider when thinking about keeping the house post divorce?

Question:

What should I consider when thinking about keeping the house post divorce?

Answer:

This is one of the most common—and emotional—questions I hear during divorce, especially for women who want to preserve stability for their children. The truth is, keeping the house can be a comfort… but only if it’s financially sustainable. Here are a few key things to consider before making your decision:

• Can you afford it now and in the future? It’s not just about the mortgage—think property taxes, insurance, maintenance, utilities, and future repairs. Run the numbers based on your post-divorce income and budget.

• What are you giving up to keep it? Sometimes people give up retirement savings or other investments to keep the house, which can hurt their long-term financial security. Make sure you’re not trading your future stability for short-term comfort.

• Will it help or hinder your fresh start? Some clients feel empowered staying in the home. Others feel emotionally stuck. Ask yourself honestly—what does this house represent to you now?

• What are your options? You may decide to sell the home and split the proceeds, or one of you could refinance and buy the other out. Working with a divorce financial expert can help you understand what’s truly possible.

Bottom line: You don’t have to make this decision alone. Work with a Certified Divorce Financial Analyst® (CDFA®) to evaluate your cash flow, asset division, and goals. Keeping the house might be right—but only if it sets you up for long-term security and peace of mind.