People can get idealistic and sometimes irrational when they choose the home they plan to raise their kids in. Solely making real estate decisions based on your kids can be a recipe for disaster that can actually undermine your families happiness. So check out these home-buying mistakes so that you can avoid falling into this parent trap.
Buying Too Big
Expectant parents often want more space. They want an extra bedroom for visitors or they may want every child to have a room. However, affording a big home usually means buying in a more remote area, which isn’t always worth the trade off. If a larger home means moving a half-hour away from your friends and community the impact on your quality of life might not be worth the extra bedroom or the money.
Buying Before You Can Afford It
New parents can become fixated on being homeowners before the baby comes, with complete disregard of their financial situation. Having a new baby can be stressful enough without a backbreaking house payment, so you better think about whether homeownership is right for you at this point.
Buying For A School District
A home with top-rated schools in the area is the promise land for a parent, but this great area comes at a price. Homes in highly regarded school districts usually come at a premium price. So you need to factor in how long you will stay in the area, how many children you have if your children will definitely use the public schools, and for how long.
Renovating For The Age They Are Now
Just about one thing everyone on HGTV has in common is they all want an open-concept. The main reason for this is so that the parents can watch their kids in the living room while they cook dinner. However, this may seem like a great idea when the kids are little but as they grow older they are going to want their privacy. So the open concept that you loved a few years ago may not be the best thing ever anymore.
Children grow up fast, and their habits and tastes change. That backyard play structure that seems so desirable when your kids are in kindergarten will never get used once sports or video games come into the picture. So try to imagine how any renovations might suit who they are now and who they will become.