The cost of living for military personnel and their families can be significant, especially when it comes to housing. However, there are several military housing options available that can help save money. In this article, we will explore 10 different options that can help military families reduce their housing expenses and make the most of their benefits.
Understanding Military Housing Benefits
Before we dive into the different housing options, it’s essential to understand the various benefits available to military personnel. The Basic Allowance for Housing (BAH) is a significant benefit that helps cover the cost of housing. The BAH is calculated based on the location, rank, and dependency status of the service member. Additionally, the Department of Defense (DoD) offers other benefits, such as the Basic Allowance for Subsistence (BAS) and the Cost of Living Allowance (COLA), which can help offset the cost of living.
Military Housing Options
Here are 10 military housing options that can help save money:
- On-Base Housing: Living on base can be a cost-effective option, as it often includes amenities such as pools, gyms, and community centers. On-base housing is usually subsidized by the military, making it a more affordable option.
- Off-Base Housing: For those who prefer to live off base, the BAH can help cover the cost of rent or mortgage. Service members can use the BAH to find affordable housing in the local area.
- Military Housing Communities: Some military bases have private housing communities that offer affordable housing options. These communities often include amenities such as parks, playgrounds, and community centers.
- Room Rentals: For single service members or those on a tight budget, room rentals can be a cost-effective option. Room rentals can be found on or off base and often include utilities and amenities.
- Shared Housing: Shared housing, such as duplexes or townhouses, can be a more affordable option than renting a single-family home. Shared housing often includes shared amenities such as yards and laundry facilities.
- Military-Friendly Landlords: Some landlords offer military-friendly rentals, which can include discounts or other perks. Service members can search for military-friendly landlords in their area to find affordable housing options.
- VA Loans: The Department of Veterans Affairs (VA) offers loans with favorable terms, such as lower interest rates and lower down payments. VA loans can help service members purchase a home at an affordable price.
- Lease-to-Own Options: Lease-to-own options allow service members to rent a home with the option to purchase it in the future. This can be a great way to build equity and eventually own a home.
- Military Housing Cooperatives: Military housing cooperatives are member-owned and operated housing communities. These cooperatives often offer affordable housing options and can provide a sense of community for service members and their families.
- Government-Owned Housing: In some areas, the government offers housing options for service members and their families. Government-owned housing can be a cost-effective option, as it often includes subsidized rent and amenities.
| Housing Option | Cost Savings |
|---|---|
| On-Base Housing | 20-30% lower than off-base housing |
| Off-Base Housing | 10-20% lower than market rate |
| Military Housing Communities | 15-25% lower than market rate |
| Room Rentals | 30-50% lower than single-family homes |
| Shared Housing | 20-30% lower than single-family homes |
Additional Tips for Saving Money on Military Housing
In addition to the housing options listed above, there are several other ways to save money on military housing. Here are a few tips:
- Take advantage of military discounts: Many landlords and property managers offer discounts to military personnel. Be sure to ask about any available discounts when searching for housing.
- Use the BAH wisely: The BAH is a significant benefit that can help cover the cost of housing. Use the BAH to find affordable housing options and avoid overspending on rent or mortgage.
- Consider a roommate: Sharing housing with a roommate can be a great way to split costs and save money. Just be sure to choose a roommate who is reliable and responsible.
- Look for energy-efficient housing: Energy-efficient housing can help reduce utility costs and save money in the long run. Look for housing options with energy-efficient appliances and features such as solar panels or insulation.
What is the Basic Allowance for Housing (BAH)?
+The Basic Allowance for Housing (BAH) is a monthly payment made to service members to help cover the cost of housing. The BAH is calculated based on the location, rank, and dependency status of the service member.
How do I find affordable military housing?
+To find affordable military housing, research the different housing options available, including on-base housing, off-base housing, and military housing communities. Use online resources such as the Department of Defense (DoD) website or housing websites to find affordable options. Additionally, consider working with a real estate agent who specializes in military housing to find the best fit for your budget and lifestyle.
Can I use my VA loan to purchase a home?
+Yes, you can use your VA loan to purchase a home. The Department of Veterans Affairs (VA) offers loans with favorable terms, such as lower interest rates and lower down payments. VA loans can help service members purchase a home at an affordable price.
In conclusion, there are many military housing options available that can help save money. By researching and comparing the different options, service members can find affordable housing that fits their budget and lifestyle. Remember to take advantage of military discounts, use the BAH wisely, and consider energy-efficient housing to save even more money. With the right housing option and a little planning, military personnel and their families can enjoy a comfortable and affordable place to call home.
