Buying A Home During A Permanent Change Of Station

If you’re in the military, then you know that change is inevitable. Permanent Change of Station (PCS) orders can arrive suddenly. This can cause you to quickly relocate to a new place. You must be prepared to pick up your life and move on short notice.

While this process can be overwhelming, it also presents a unique opportunity – buying a home!

Yes, buying a home during a PCS may seem like an added stressor but trust us – it’s worth considering. In fact, there are plenty of benefits that come with purchasing a home during this transition period.

You may have a Permanent Change of Station (PCS) coming up soon or in the future. Now is the ideal time to stop throwing money away from renting a home.

What Is a Permanent Change Of Station (PCS)

A Permanent Change of Station (PCS) is a term used in the military. It means relocating an active duty service member from one duty station to another. The move is typically due to changes in job assignments, and it can occur within the United States or overseas.

A PCS (Permanent Change of Station) can be overwhelming. Many elements must be taken into consideration, including:

  • Relation assistance
  • Finding housing
  • Securing schools for children
  • Obtaining new licenses and registrations

This process differs from temporary duty assignments (TDY) as TDY involves shorter moves lasting less than 6 months.

Buying a home during a permanent change of station presents a unique opportunity for active military members. Plus, if your PCS move is your last one before retirement or leaving the military, buying a home is a great idea.

PCS orders usually come with detailed information about your travel arrangements and any allowances you may receive during the move. As a service member, you are eligible for government-funded resources during a Permanent Change of Station (PCS). These resources include moving companies and storage facilities if necessary.

It is essential to gather any documents needed for your transfer. Such documents include clearances and medical records needed at your next assigned destination. Knowing what documents are needed ahead of time helps ensure a smooth transition between stations.

The Benefits of Buying a Home During a PCS

Buying a home during a Permanent Change of Station (PCS) can bring several benefits to military families. One of the major benefits is that people can build equity in their own property. Rather than giving money to a landlord through rental payments, you can invest in your own asset.

Homeownership also provides stability for families who might be moving frequently due to their service obligations.

Buying a home during PCS (Permanent Change of Station) can be advantageous. It could lead to significant savings on taxes. Homeownership may have tax deductions, such as mortgage interest, property taxes, and closing costs.

Additionally, owning a home allows military personnel and their families to personalize the home according to their preferences without worrying about violating lease agreements or losing security deposits.

Purchasing a house during PCS can provide financial security. This will create an additional source of income after retirement from service. This can be done by renting or selling the property. A well-chosen property could appreciate over time, leading to a nice return on your investment.

A HomePromise VA loan expert can be a valuable resource to guide you through the home buying process. Give a call to 800-720-0250 to find out more information.

What to Look For When Buying A Home During a PCS

When buying a home during a PCS, it’s important to keep certain factors in mind. Use this guide to help get organized before purchasing a home during PCS.

  • What location do you prefer? Do you want to live close to your new duty station or are you OK with some traffic and commuting farther away?
  • What size and layout of the home do you want? Do you need multiple bedrooms or bathrooms?
  • Will you be entertaining guests often? Would you prefer an open floor plan for guests?
  • How much space do you need for your furniture and other possessions?
  • What about safety? What is the crime rate in the area?
  • How about schools for any children you may have or plan to have? What schools are available and how far away are they?

Make sure to set realistic expectations when it comes to what you can afford both upfront and long-term with mortgage payments and maintenance costs. By taking these factors into consideration when searching for a new home during a PCS, you’ll ensure that your next move is smooth sailing!

Call 800-720-0250 and talk to a HomePromise VA loan expert today to get more information about buying a home during a PCS.

HomePromise Helps Active Military Members

Buying a home during a permanent change of station can seem like a daunting task, but it may be the best decision you make for your family and your finances. By purchasing a home, you’ll have stability and security in an uncertain time.

While there are certainly challenges that come with buying during a PCS move, the benefits may outweigh them. You’ll have more control over where you live and how much your housing costs. Plus, owning a home means you’re building equity instead of throwing money away on rent.

If you decide to buy during your PCS move, make sure to research the area thoroughly before making any decisions. Find an experienced real estate agent who understands military moves and can help guide you through the process. Your HomePromise VA loan expert may be able to make some suggestions about how to find the best real estate agent.

With some preparation and planning, buying a home during your next PCS move could be the right choice for you and your family. Not only will it provide financial benefits in the long run, but also peace of mind knowing that wherever life takes you next, you’ll always have somewhere to call home.

While there are some challenges associated with buying a home during PCS like finding the right real estate agent or managing finances while relocating; the long-term benefits make it worth considering as an option for military personnel looking for more stability and ownership in their living situation. 

Call a VA loan expert at HomePromise for help today at 800-720-0250!

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