Post # 1
- Wedding: May 2012 - El Faro Convention center, Aguadilla, Puerto Rico
We are hoping to buy our first home sometime in the next year. We would both be 23, planning to have children in the next 2-3 years and would have long term jobs in the city.
Mr. Boa and I have difference of opinion on whether to buy a starter home or a forever home. To me it makes no sense to buy a home we will outgrow soon and plan to sell in a couple of years(especially in this market), to Mr. Boa it make no sense to buy a more expensive 4+ bedroom house for just us 2.
What do you guys think?
Post # 3
I think it’s always best to buy a home that suits you now AND later. Your first home doesn’t have to be your forever home but it should suit you where you see yourself in at least 5 years.
Post # 4
I have to agree with SFreeman2187 buying house should be fitting your life now and down the road some. For example the house Darling Husband and I bought, could be considered a starter home but also a forever home. Honestly the only way I could see us moving is either due to different job situation which takes one or both of us out of the state or if we have more than 2 children.
I know in the future I would love to remodel our home but am happy with what we have now.
Post # 5
I voted Other and I’ll explain why.
Darling Husband and I are house hunting for our first home now. We’re hoping to find something with at least 2200 – 2600 sq. ft and 3-4 bedrooms. Although it is just the two of us (and our dog) for now, we plan to be in this home for at least the next 8 years or so and should have a couple of kids by that time. So we want to make sure we’ll have room for our expanding family and our dog.
That said, once our kids start entering school years (~8 or 9 years from now based on our TTC timeline), we plan to move to a more suburban area with a much better school system within the same city.
So while our first home isn’t a “forever” home, I also think it is much more than a starter home because we want to ensure we don’t outgrow it within a couple of years.
Post # 6
Plan ahead. I know of too many people that decided to go with a starter home and then planned to move to a better neighborhood/bigger place only to get screwed by the market and get stuck.
Post # 7
Buy what you can afford, it is as simple as that. We can only afford a two bedroom apartment so that is what we bought, in 3 to 5 years would should be able to afford a 3 bedroom townhouse so we will move up then. If you can afford a big house then go for it but don’t put yourself in money trouble.
Post # 8
I agree that it should be good for at least 5 years. We went the starter home route. Had we waited for the forever, we still wouldn’t afford it (2.5 years later). We will probably have to move or add an extension in another 2.5 years (when we might think about baby number 2).
Post # 9
I should add that I am a Realtor in Texas. I always ask my clients what they plan their life to be like in 5 years. Then 10. And I work from there.
Post # 10
The thought of a “forever home” scares me. I like moving every five years or so.
That being said, my home is a teeny condo that we hope to rent out once we’re ready to move onward to a bigger home.
Post # 11
When looking for our first home we had an eye towards a home we could see ourselves in for the next 5-7 years. That included the addition of a dog and at least one child. However with increased income and built equity in those 5-7 years we for sure intend to upgrade. I can’t image living in one house forever.
Post # 12
Our situation is a little different. Were looking for a home to raise our kids then we want to get our dream home when they are older. The reasons are because I can’t take my son out of the state unless I want to fight for full custody, and we want to move to the beach. It would be easier to raise babies here and then move to the beach when they are at least teenagers.
I vote forever home but our forever home can’t happen right away and I don’t want to be stuck renting for 10 more years.
I don’t ever ever want to have to move more than twice… I was moved around so much as a kid (almost once a year!) it was terrible- I won’t put my kids through it, I still don’t have any close friends. =/
Post # 13
It depends. Can you afford your dream forever home now?
Even if you plan to start TTC in 2-3 years it could easily be 3-5 before your baby actually arrives…
Post # 14
Just remember how much moving sucks! If you can afford your “forever home” now, then why not get it? Fiance and I just bought our first home and we can easily see ourselves living there as our kids (that we don’t yet have, haha) grow up. It has 3 bedrooms upstairs and an unfinished basement (and he’s a contractor and can easily finish it to add whatever we decide on). More than what we need right now, but it should be just right in a few years. If it’s not, we’ll move, but I like to think we could stay there if we wanted to.
Post # 15
We got a house that isn’t necessarily a fixer upper, but is nice enough that we didn’t need to do major improvements which has been nice. It’s also big enough to grow, could fit one maybe two kids in there. We plan to stay here for another five years or so, by that time, I’ll be done with nursing school and making good money, and we will get the “big house” that we’ll grow old in at that time.
Post # 16
I feel like “starter home” used to mean 5 years or so but with the economy it could easily be 10 or longer. You dont need to find your forever home but I would definitely suggest finding something that your going to want to be in for a good amount of time.
Thats how Im approaching the process.