(Closed) baby before buying a house? does it really matter?

posted 8 years ago in Babies
Post # 17
Member
9816 posts
Buzzing Beekeeper

I am married with a little girl and I’m not even beginning to entertain the idea of buying a house. I don’t want the responsibility, I’m not even sure which state we’ll end up living in permanently.

Post # 19
Member
968 posts
Busy bee
  • Wedding: June 2011

I think this is a very individual decision for each couple (..does that make sense?). Personally, I want to have a home before a little one comes along. This might have a lot to do with the fact that once I become pregnant, I will not be able to stay working where I am now. If we buy a home first, then I can really help out a lot knocking out some extra mortgage payments, which we’d love to do. I won’t be able to help out with that the way I can now if I get pregnant/have a baby first. But that’s just our plan.

It’s all what you’re comfortable with–if it doesn’t matter to you if you have bought a house before you have a baby, then that’s perfectly okay! As long as you and your Darling Husband are on the same page with what you want your timeline to be, then that’s all that matters. 

Post # 20
Member
18628 posts
Honey Beekeeper
  • Wedding: June 2009

You need a place to live either way, doesn’t matter if you own or are just renting!  Don’t let people tell you that renting is wasting money or anything like that, it’s paying for a roof over your head.

Post # 21
Member
1006 posts
Bumble bee
  • Wedding: December 2016

My Fiance insists that we own  a home first. Infortunately, he already has one in SA but we need to get one in America. 

We are stating a new job with a much hight income so we should be able to buy one in a few years, when we will also start TTC. But with the economy and such, I feel like if we are not able to buy one in two or three years I would like to TTC anyway. 

I dont want to wait too long. 

Post # 22
Member
385 posts
Helper bee
  • Wedding: December 2011

I don’t think there is anthing silly about having a child before you own a house.  We had our son 3 years before we were able to buy our first home.  He is now a 22 year old college student at UT Austin, working part time as a software engineer, and he and his college room mates formed a co- op and just bought the house they were renting.  So I don’t think those first three years in an apartment ruined his life.  I thnk you are very smart to wait to buy a house when you feel more financially solid.  Good Job!!!

Post # 23
Member
968 posts
Busy bee
  • Wedding: June 2011

DH’s ideal plan is to mortgage a home for fifteen years, and if we can make extra payments here and there, that’s what we’ll do. He wants to make sure we get the roof over our heads paid for so it is not something we need to worry about later. He was advised growing up that “paying for a roof over your head for your family is top priority. As long as you have your home, then providing for everything else will follow.” I guess that makes sense…if you own your home and something goes wrong down the line financially, at least you have a roof over your family’s heads, which is a very important thing.

Post # 24
Member
9816 posts
Buzzing Beekeeper

@sorrycharlie: No, I get it! Honestly, home ownership is a wonderful thing, but it’s just not possible for everyone, it’s not for everyone, and for some people it can take a long time to be ready for it. Have kid, will travel, buying a home anchors you a lot more.

I saw a few couples I know buy the house before they had a baby. It can be great, but it can also be incredibly stressful if someone gets laid off or transfered, or the place needs a ton of repairs.

Post # 25
Member
1748 posts
Bumble bee

@sorrycharlie:It’s your life and you can do whateve you like. Look at it this way because your rent is so low you can save a large amount of money for your down payment on your home and be debt free with other bills. Everyone does not have to understand or agree with your vision. Stay focus, I can see your plan.

Post # 26
Member
3538 posts
Sugar bee
  • Wedding: August 2010

We decided that it would be easier for us to save for a deposit with the two of us both working and “get ahead” so to speak. We want to own a home. I have just spent over the last 2 years renting costing us in total $24,000 to pay for a house I dont even like!!!!!! I loatheeeee….

So we are building, paying off a mortgage for awhile and then we might think about kids. But we wanted to make sure that we had something permanent first. Our choice is at the moment, not to have kids for the next 4 or 5 years if at all. However, if we do we want to this kid to have not only love from the both of us, but financial stability.

My parents moved alot when i was younger. While it has inspired me for the love of travel.. i want “roots” for our family.

Post # 27
Member
6571 posts
Bee Keeper
  • Wedding: February 2010

I think it’s different for everyone, people have different priorities and opinions. For us, we really wanted a house before the baby.

We lived in a townhouse (which we own) and it would have been ok to raise a baby there, but we weren’t a fan of the stairs and we had no backyard. We have a dog, so a backyard is a must for us, especially if my hubby isn’t home and the dog needs to go out, it’s much easier just to let him out back than try to deal with him in one arm and the baby in the other.

I hate moving, so I’m hoping this will be our one and only house. We picked an area that we love, it’s close to our families and has good schools. We picked a 3 bedroom b/c we’re planning on having 2 kids. If we have more or less, we’ll deal with it when that time comes. I’m very happy knowing that I probably won’t ever have to deal with moving again!

Post # 28
Member
2114 posts
Buzzing bee
  • Wedding: November 2012

If you can , then you can and that is great – if you cant , like julies said people all over the world are raising children in rentals and children are turning out fine 🙂

Everyone has different priorities , for us buying a house was first and foremost because we wanted the investment and could afford it (mind you we put an engagement & wedding on the backburner) but I would rather be investing in something I own than paying someones elses mortgage. 

I do disagree with @moara: that waiting to buy a house until you know how big your family is going to be , to me it doesnt make sense to rent just because you are unsure of how many children you will have .. I just dont think that is a sound financial decision. 

Post # 29
Member
466 posts
Helper bee
  • Wedding: July 2012

Fiance and I are talking about TTC in about 4 years time. The goal is: 2012 wedding, 2013 pay off personal debt, 2014 save like we have never saved before (ideal savings at end of year would be $40,000), 2015 start building house and TTC. 

But on the other hand he is freaking out that by the time we have a baby, I will be 28 and he will be 32. He always said he wanted to be under 30 for his first and realising he wont be scares him. He is talking about saving half of our required deposit, banking it and TTC in 2 years time which would mean renting until we are done having kids and they are in school (10 or so years away) and after that time using the banked money as a deposit.

Either way I am not fussed. They both have pros and cons. As long as we can afford to live AND save I am happy.

Post # 30
Member
2441 posts
Buzzing bee
  • Wedding: April 2011

Buying a house before baby is not a requirement.  It is just a matter of preference. My personal preference is that I’d like for my child to have his/her own bedroom and a yard to play in once he/she gets old enough to play outdoors.  It sounds like you have that now.  It doesn’t really matter whether you rent or own.  

Post # 31
Member
921 posts
Busy bee
  • Wedding: July 2011

I’ve *never* lived in a house. So… I say who needs to own a house!

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