Chad Ochocinco is fired up about moving to New England now that he's a member of the Patriots .... but he's not exactly ready to make a long term commitment when it comes to buying a place.
Sources close to the wide receiver tell TMZ ... Chad plans to rent a townhouse for now and wants to see how this year goes with the Patriots before he plunks down a chunk of change on anything substantial.
According to our sources, Chad doesn't need anything too fancy and would rather spend his time traveling back to Florida to see his fianc�e, Evelyn Lozada.
Plus, he's gotta save up ... seeing as he might have to fork over some big bucks if he wants to keep his #85 jersey.
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