Family growing by two feet and need more room? This is a pretty big question that often comes without simple solutions. When you buy a house for a growing family, you are forced to find answers to many unfamiliar questions. How much more room do I need in my new home? What is the right school district for my children? What safety issues should I consider in my new house? Before you stress yourself out, we got you covered. Simplify this exciting time in your life by following the guidelines below when you buy a house for a growing family.
Know What You Can Afford
You have likely grown accustomed to your current monthly budget and monthly expenses. That monthly budget will change due to the additional expenses of growing your family. Make sure to factor in the following expenses before setting a budget for your new home.
Daycare – If both parents plan on maintaining careers while raising your children, you are likely going to have to invest in childcare sooner than later. Daycare is a major expense and one that you should get very familiar with. The national average for child care expenses is over $10,000 annually, per family. And the average family spends over 10% of their income on childcare.
Stay at Home Parent – If you either parent is planing on staying at home to raise your children, your family is going to lose part of its income. Even though your monthly income is shrinking, this decision can be very advantageous. You will save money on daycare expenses and provide more attention to raising your children. Make sure you weigh out the cost-benefit for saving on daycare while losing part of your monthly income.
Extra-Curricular Activities – Team sports, music lessons and field trips are all going to be a part of your new life with your children. Make sure you provide room in your budget to accommodate these extra-curricular activities.
Consider the House Layout
When you’re adding children to your household, your house and the importance of its layout begins to look a lot different than single living. Of course you have to consider adding a nursery and bedrooms to your living space, but don’t forget to consider the following as well.
Floor Plans – Monitoring children is no easy task, especially when you have household duties to take care of. Traveling up and down stairs to cook dinner and do laundry while monitoring a crying child can be stressful. Find a floor plan that provides the space your family needs, but also provides a conducive layout to raising a family.
Bedroom Location – Privacy or no privacy? The majority of families appreciate having their bedroom be located in close proximity to their child’s nursery for those late nights. As your child gets older, you might appreciate a little more space between you and your child’s bedrooms. Take both of these factors into consideration when looking at the bedroom locations in your new home.
Play Areas – Backyards, playrooms and family rooms are great, but they might not need to be a requirement for your new house. If you’re on a limited budget and your new home has great parks and rec centers nearby, consider making additions to your yard or home a few years down the road when your child will truly enjoy them.
Location, Location, Location
When buying your new house for your growing family, you will want to find a location that provides a kid friendly environment. Consider the following factors when researching neighborhoods for your new home.
Safe Neighborhood – Finding a safe neighborhood for your family will require you to consider two things, crime and street type. You can easily do research online to find neighborhoods with low crime rates. Also make sure you consider the street type for your new house. You will want your kids playing outside and crossing streets safely. Consider remote streets, or even a cul-de-sac for a more kid friendly environment.
School Districts – Education will play a major part in building your child’s foundation for the next 18 years. Consider finding your new home in a school district that will provide the education you want for your children. You can easily research school stats and data easily online.
Parks and Recreation – Not only are nearby parks, pools and recreation centers great ways for your children to find entertainment outside the house, but they are also opportunities for you and your family to engage with the local community and build a network of friends.
Other Families and Playmates – Finding a neighborhood with families that have children of similar ages to yours can be extremely helpful. These families are great opportunities for your children to develop childhood playmates and lifelong friendships. They are also great support systems for you to exchange child-sitting or carpool duties.
Using these guidelines will help you put your ducks in a row and help you focus more on creating great memories for your new family. You will likely still have additional questions for finding the right home for your growing family, and Homes for Heroes is here to help. Sign up to speak with a Homes for Heroes specialist and have them answer your questions with no obligation.