Unless you and your spouse kept your finances completely separate during your marriage, your finances are going to be looking a little different. It’s important not to make any big purchases until you know what your new financial status is, otherwise you could wind up buying a property you can’t afford, or you’ll try to get a loan for a property and not qualify. Plus, many divorcees either have to make payments or receive payments, which can substantially impact your budget.
If you’re trying to put some distance between you and your former spouse, a relocation may mean a new job, which will have an effect on your life as well. Some people like to throw themselves into a big project after divorce, but others don’t have the energy at all. Both are valid responses, but you’ll need to know what you’re feeling up to when it comes to buying a house or a home that needs some serious work.
Just be aware of the fact that you may not be able to afford the perfect, newly built home you had your eye on or a house in the similar neighborhood that you used to live in as a couple.