Decisions about buying and selling a home are almost always going to have major financial repercussions. For active-duty service members who are frequently uprooted, those deliberations become even more complicated.
As you may not be staying in one place for very long, thinking through the long-term consequences of buying a home becomes critical. It’s also important to be aware of special programs that can help you get the most home for your money.
- Active-duty personnel typically have on-base and off-base housing options, with the latter providing greater flexibility but also necessitating a commute.
- Those who choose private housing can apply their Basic Allowance for Housing (BAH) to rent or a mortgage payment.
- Because service members often face the prospect of receiving transfer orders, it’s important to weigh the long-term impact of purchasing a home versus renting.
Military families have…