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Blended family of 6 living situation. Rent bigger, stay in rental or buy?

I have two kids and they are here half the time based on my custody. He has two kids he has every other weekend (two nights in our home. During the week he visits them). We have one on the way.

It would be: Two full time adults One full time child Two part time (half time) kids Two kids spending on average 4-6 nights a month

We are renting a 3 bedroom house with large yard and storage (pets allowed) and have plenty of space except when his kids visit on their weekends.

My lease won’t end until February and I’m due at the same time.

I can either:

A) Have the landlord put this place in the market and I’m responsible for rent until someone rents or my lease is up. There is a fee of $2000 which is half my deposit for “deposit release .” We would rent a 4-5 bedroom place at a few hundred more a month but risk signing another lease before we know when our place would rent out. I wouldn’t know much we would lose in total and if we go for it, we would rent for long term (2-5 years).

B) Complete our lease and stay for an additional 6-12 months in this space and then buy.

We want to buy but nothing we like is on market right now. But if we rent a new place , I rather not move again just a year after to buy. Moving is tough and disrupts the kids too.

Suggestions? Stay crammed every other weekend in our 3 bedroom, 2 bath 1600 sqft home until able to buy? Or break lease, accept the penalties and rent larger place for longer term that may likely say no pets? No pets now but we do want a dog

submitted by /u/lilyfernanda
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/cxwknc/blended_family_of_6_living_situation_rent_bigger/
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