Might be having the opportunity to buy a house soon, yay, parents. They have been looking at a certain house price range. Would it be better to buy a) a cheaper house, that is smaller or might need renovations or is in a worse area, but then the mortgage would be smaller as the downpayment would be a larger percentage. However we'd probably not enjoy living there as much and if it's smaller, we might need to move within 5 years for child purposes, (either so kid has their own room, or when they grow up a bit and we need more space, depending on the size of this house). Might be able to 'do it up' a bit, renovate bathroom and kitchen etc. We have contacts.
or b) Buy the house in the range they're thinking of, be grateful. The mortage, they say, will be no more than the rent we are currently paying. No renovations, new house. Nice size, few living areas, more bedrooms than we currently need. Nicer area. Probably stay there longer. Space for future kid, at least kid 1, probably kid 2 or even 3. Space for all our hobbies.
c) Somewhere in between those two. Difference in price with a/b is probably 50-80K. None of these are super expensive houses in our city, nor are we looking in the super cheap areas way out of the city.
Submitted March 05, 2018 at 07:37AM by LivinginAdelaide http://ift.tt/2H7UDZp
