(Closed) Have a Wedding or Buy a House- What to do?

posted 9 years ago in Money
Post # 3
Member
199 posts
Blushing bee
  • Wedding: May 2009

We want both and can afford both at this time. However my dad had a hard time with that because he thought the wedding was a waste of money and we could put it towards the new house to have a minimal loan amount. He is still bitter about it but OH WELL.

Post # 4
Member
484 posts
Helper bee
  • Wedding: July 2009

Honestly if we still had a decent amount of time left, and hadn’t already put down all these deposits……I would have a very small simple wedding in a heartbeat..ESPECIALLY if it meant we could get a house!

Post # 5
Member
233 posts
Helper bee
  • Wedding: May 2018 - Hotel Vitale

We had to make this same decision. We’re saving most of our wedding money for a house down the road!! I will say that once the planning bug hit- we’ve spent more on the wedding than I previously wanted to. Good luck with the decision. You could always buy the house and throw a fat wedding party at the house a la Miss Cheese. Just and idea.

Post # 6
Member
7081 posts
Busy Beekeeper
  • Wedding: July 2009

Wedding is a day, a house is an investment… and what a good time to buy one.  They are definitely not overvalued now!

Could you channel your planning energy into a Miss Mary Jane type wedding?  You could make it just as special and amazing on a teeny tiny budget 🙂

Post # 7
Member
694 posts
Busy bee
  • Wedding: May 2010

Well, that’s exactly what I did. We just were driving one day lamenting about money 🙂 and decided that we just did not want to spend all that money on a huge wedding. We wanted a house! However, this is a personal decision and up to you what is important to you. Make a list and talk talk talk!

Biased opinion- buy the house! 😛
 

Post # 8
Member
228 posts
Helper bee
  • Wedding: May 2018

Have you already done a lot of planning? My Fiance and I were already set on getting a house together before we got engaged, so once we did get engaged we set the wedding date two years from then so we could save for the wedding after getting the house. If you can wait, or be fulfilled with the courthouse wedding then by all means do it! But if you will wish for your big wedding it might be worth waiting for? Sorry I realize I am no help! In my opinion, I would do the house!

Post # 9
Member
898 posts
Busy bee

I second the suggestion to follow Miss Mary Jane. It’s amazing how much planning is actually going into her wedding.

My father offered the same deal to me…but when I met my Fiance, he already owned a house. And now dad isn’t willing to contribute anything…

Take the deal and have a big party at the new pad!

Post # 10
Member
672 posts
Busy bee
  • Wedding: November 2009

I would LOVE to buy a house and would definitely take it over our wedding.  We could probably buy one now, but we’re both working jobs right now mostly for the paycheck and each plan on more school/career changes soon.  So we want to hold off until we know we’re stable and can handle a mortgage. 

If you choose to go for the house, you could always have a house-warming/wedding BBQ as your big bash!  I think that’d be really fun.   You’ve got some time to decide and talk it over more, right?  Good luck making a decision!

Post # 11
Member
398 posts
Helper bee
  • Wedding: February 2009

Wow, what an incredible opportunity!  I personally was never in this situation, we both already owned a house prior to getting married, but that is becuase for each of us being a homeowner and having a long term investment was a really high priority. 

Assuming I was in your shoes, I would go with the house.  Why becuase its an investment.  A marriage is an investment too, but the wedding is not.  I am just speaking pure logic, sorry!  I wouldn’t buy the house of course without getting legally married in your case just for simple protection.  I would likely do the courthouse wedding and maybe through a reception at *gasp* the new house (assuming that you have a yard to do so) or maybe have a BBQ reception at a local park etc.  Satisfying both requirements assuming you had the money!

Think about it!  Its a serious commitment to own a home but a rewarding one.  It may however be more important to you to have the wedding, so good luck making this very difficult decision!

Post # 12
Member
164 posts
Blushing bee
  • Wedding: April 2009

Hmmm…I personally wouldn’t have given up my wedding. Maybe its because I live in Oklahoma and home prices here are super super cheap so we are able to buy a house and have a wedding at the same time.  The way I see it, yes, its a LOT of money for a wedding.. and that money could go towards something that is more practical like a house… but there arent any other chances in life to have a huge party in celebration of you and your FH… there is never another time to wear a fabulous dress and have all of your friends and family get together in honor of you… but thats just my opinion… I wouldnt have traded my wedding for anything!

Post # 13
Member
1718 posts
Bumble bee
  • Wedding: June 2008 - Winery in the Gold Country

My parents wrote us an unconditional check when we got married and said we could use it toward our wedding, or put it in savings, or buy a car or whatever (We already owned our home at that point).  Needless to say, we chose the wedding.  It all comes down to what you want to do in your hearts.  We wanted the wedding, and we don’t regret it one bit.  If you put your mind to it, you can save for a house while/after having a wedding, or if the idea of taking the easier road towards homeownership by skipping the Big Wedding and knowing you can get into a house NOW, then go that route.  We don’t regret the wedding. BUT, I do feel like if we only needed XXX dollars to put a downpayment on a house, and there it was, a gift from our parents… we would have put it into the house (and lived with slivers of regret about not having a big wedding… just small slivers… after all, its a HOUSE!)

Post # 14
Member
82 posts
Worker bee
  • Wedding: October 2009

My fiancée and I saved up money to get married two yrs ago, however, once we began planning, we accidently saw a house we loved and decided to spend the money on that instead. Since we both come from very traditional Catholic families, it was hard getting them on board with the idea of “living together before getting married,” but at the end we did it our way. But to honor our families’ traditions, we raised the money again and are now getting the wedding we always wanted in October of this year, and we have the house we love.  And I don’t regret pushing the wedding back or upsetting our parents, because we not only have a house now, we have a home! So I say…buy the house!  At the end, everything worked out.

Post # 15
Member
3 posts
Wannabee

Suggestion-

Have elegant intimate soiree or wedding and reception..someplace lovely. Then have a small but beautiful cake – food-brunch,lunch or tea is inexpensive especially done small and most venues discount for booking wedding and reception at the same site. To customize ad small personal touches. This way home is still viable and no one is completely disappointed.

Hope this helps.

Bree Brookes Robinson http://www.aposhplan.com

Post # 16
Member
229 posts
Helper bee
  • Wedding: August 2010

Wow, I am super surprised by how many people are saying go with the house!  I have to admit that I would be really torn in your situation… But I think we’d ultimately choose the wedding.  The thing is, for us, we both recently graduated from law school (FI two years ago and me one year ago) and finally have some good income… now we have the money to travel, go to nice dinners, and buy the things that we could not afford as students for years, you know?  If we bought a home right now, we would not be able to do as much of that.  And since we’re likely to have good income as long as we’re able to work, we’ll get the house when we’re ready.  We’re going to be together for the rest of our lives, we’re going to have the rest of our lives to work, make mortgage payments, have kids, etc.  So what’s the rush?

Now, any financial advisor would tell you that it makes more sense to make the investment in a home right now (the prices! the tax credit! the tax deductions!), but you just have to go with what’s more important to you.

I thought it was interesting that you said you could have a wedding down the road… but would you?  Would you want to?  For me, you get married once and have the wedding, and you can always buy the house down the road when you’re ready to be tied down.  And then you can have fabulous anniversary parties in your home, when the time comes.

I just wanted to add a perspective that hasn’t really been represented much on here already… definitely keep us updated–I would love to hear what you decide!

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