If you want to buy a house, it’s a big deal. A new house is the place where your family will lay their hats and call home. It’s also a major financial commitment. You want to make sure you’re investing money (and getting into debt) for a home that the whole family will enjoy.
Here are four ways to buy a house for the whole family:
Set expectations from the start
There’s nothing worse than a surprise you don’t like and the last thing moms need is a temper tantrum from their kids on moving day.
If you’re moving to a new neighborhood and your kids need to change schools, it’s important to talk about the changes before they happen. This way your kids will be ready and although they may not be happy (at first) they will be mentally prepared.
Take your kids to visit before you buy a house
As soon as you see a home and walk around the space you know if you like it or not, the same is true for your kids. After you’ve decided on a home it’s a good idea to bring them over to visit and get a feel for the place before moving in. This can definitely help them ease into their new lives.
Talk about the moving process and what’s involved
Let’s be honest, moving with children is hard. Moving with several children and pets can definitely throw a mom off her rocker. If your kids are old enough to understand what’s going on, then they’re old enough to help out.
Sit down and teach them how to pack a box, how to write their names on the top and how to wrap their things in newspaper or bubble wrap. Having a few extra pairs of hands can really help take some stress out of the moving process.
Make sure you can afford the mortgage
Getting into debt, especially big debt, affects the entire family budget. Having a big house in a good neighborhood is nice, but not if you can’t afford it. Talk to a mortgage broker and use financial budget calculators to make sure you can afford to buy a house.
When you have a family relying on you it’s hard to explain that their lives will change because you’re moving into a new family home. When kids have sports to play and dance recitals to perform they may not understand that the family doesn’t have the money to pay for their favorite things. That’s a choice you need to make with your spouse and as a family – it’s O.K. to talk to your kids about money.
Do they want a big house with a pool or do they want to play football?