Finding the Perfect Home for Your New Family
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Starting a family is a huge responsibility that takes a lot of dedication and effort. It’s incredibly important to prepare ahead of time by finding the perfect home for your needs. While you might not need a lot of space when your child is still a baby, there’s no telling if you’ll be having more children in the future and you’ll want your child to have their own room and privacy.
So here are a couple of tips to help you find the perfect home for your family.
Being realistic about what you can afford
It’s important to look at your income and financial situation to determine what kind of home you can afford. While many of us would love to have a large home, it’s not just realistic if we’re not in a great financial situation. First, you’ll want to click here to check out a helpful mortgage calculator that will make it easy to determine how much you can afford on a home. You’ll also want to look around for cheaper options, such as moving away from the city or picking an apartment instead of a detached home.
Living frugally to save for a deposit
You’ll also want to try and live as frugally as possible to increase your budget and savings. This will help you save for a larger deposit that will make it easier to purchase a home in the future. You’ll want to cut out unnecessary expenses and start budgeting for your purchases so you know exactly how much money is coming in and going out.
Deciding what’s nice to have and what you need to have
To help you find the perfect family home, you’ll want to create a list of what’s nice to have and what you really need to have. There are certain home features that you should look for in a family-friendly home, such as having great schools nearby and plenty of space for future growth or more children. Write down a list of things and separate them into must-have and nice-to-have, then you’ll have an easier time filtering through property results.
Future-proofing your family home
It’s important to look for a home that is future-proof. Essentially, you want your home to have all of the things you need so that you don’t feel like moving to a new home in the future. This means having plenty of extra rooms to convert into kid’s bedrooms if you have more children, a guest bedroom if you ever invite family and friends over, a spacious garden, and lots of storage options. Even if the home currently doesn’t have these features, they should be possible with a renovation or two.
Renovation and extension opportunities
Speaking of renovations, it’s a good idea to take them into account when purchasing a home. If you’re not allowed to perform any renovations (such as in a rented home) then it might limit your options in the future. It’s best to choose a home that offers some future renovation options, such as a large yard that you could build a shed or extension on in the future. A large garage is also a great option for extensions if you don’t plan to have lots of cars. In some cases, you can even convert the roof into a loft if it’s not already being used. In short, the perfect family home will have lots of opportunities for renovations and extensions in the future.
Is it better to wait before moving?
Some people would prefer to wait until their child has been born before moving home. Others prefer to move as soon as possible in preparation for a future with their children. Waiting gives you more time to boost your family’s savings so that you can save for a larger deposit, and it also allows you to access more options that could appear in the near future. However, you shouldn’t let a great opportunity pass if you’ve found the perfect home and are able to afford the deposit.
Ultimately, it’s down to you if you want to wait or not. We suggest putting together a shortlist of options so that you have a couple to pick from, but if there’s a deal that stands out to you and you’re able to get a great mortgage deal, then we’d recommend going for it. It’s difficult and expensive to get the perfect family home, but if you’re willing to take advantage of opportunities, it can make things a little easier.