June 2011 Moms

WWYD?

We have been looking at buying a brand new house in my hometown but saw online a house that is about 20 minutes away that is older but alot cheaper. 

Now I am thinking about going for the older cheaper house (as long as it is in good condition) than I won't have to work and can be a SAHM.  Then maybe when the boys are in school we can look at getting a new house in my hometown and I can work part time while they are at school.

Just wondering what you would do?  Would you go for a brand new home or go for the older one and get to stay home with your kids?  I REALLY like the second option.

Loving life with two boys who are 10 months apart and can't wait for team green baby to join us and thinking daily about our angel who was with us for a very short time. (CP at 4 weeks and 5 days) Lilypie Third Birthday tickersLilypie Second Birthday tickersLilypie Angel and Memorial tickersLilypie Maternity tickers

Re: WWYD?

  • It would truly depend on the condition of the house.  Even still, are you talking about building or buying a brand new home?  My thing there is that building a new home for you, you get what you want, and not have to deal with someone else's decorating tastes and whatnot (as well as someone else's problems that aren't always evident right away).

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  • As long as the older house is in good enough condition I would go with that.  I would love to be able to SAH with C and our future children but it isn't an option for us with student loan debt.

    Then if in the future you wanted you could build a custom new home in your hometown.

      
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  • If it's in decent enough condition, I'd go with option #2.  I have an older home, and the fixes can be rather annoying.  We are getting ready to spend $1500 (min) to fix the AC before it gets hot again after already spending $800 last summer just so we could make it through.
  • I would definitely look at the condition and also the location of it. We found some beautiful homes that we went to look at, only to find out it was in a very sketchy area.
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  • If the older, cheaper home was in great condition, wouldn't require a lot of updates (air conditioning, aesthetically, etc.) and was in a good neighborhood I'd definitely consider that.  I'd love to be able to stay at home with Ty!  

    But, there's a lot to consider.  Older homes aren't always move-in ready, and there may be more expenses.  Also, if you get a brand new home is it already built, or will you have it built.  With building yourself you know you're getting what you want usually.  On the other hand, sometimes to get what you want with a brand new home you still have to pay more and it may be more financially sound to go with the old and update it!

    It's tough, but if I had the opportunity to stay home I would definitely consider looking further in to that. 

  • I would do #2. MH already had an older home when we got married. It's not the best house in the world and it's not in the fanciest neighborhood, but we have a great yard and it's fine. We thought about getting a new house when we wed, but both of us really wanted me to be able to SAH, so we stayed here. We do hope to move ina few years, but it will be another older home so we can get something a little bigger (primarily if we decide to try for one more baby) and I can still SAH.

    peace,
    katharine

    Book-Kitten blog

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  • Really would depend on the condition of the house. But if the house is in good condition I'd go with option two.
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