There are two types of parents; planners and posters. Planners work hard to iron details out ahead of time to give their kids the best shot at a happy life. However, they run the risk of being overly worried. Panthers, people who make decisions by the seat of their pants, have no interest in formulating a plan and are more likely to roll with whatever life throws at them. These parents run the risk of having regrets.
The great news is that there are no real right or wrong answers regarding family planning or how you and your partner decide to manage your lives. For many people, the best option is to find that tender compromise between planning and being more spontaneous. No matter your personality or potential parenting style, here are a few things to consider before planning a family when buying a home.
If you’re the type of couple most comfortable with a plan, it makes sense that you’d want to start looking for a home before planning a family. Significant lifestyle changes ahead likely have you concerned about not only future monthly payments but space for your growing family. If this is the case and your credit score’s in good shape, it would make sense to talk to a real estate agent about current home loan rates, loan amounts, homes on the market, and more.
When looking for homes, consider using a mortgage calculator to help in your decision-making. This will help you determine an appropriate down payment amount and could even aid in helping you obtain a lower interest rate. If you’re eligible for a VA loan or other special financing, you’ll want to ask about how that could play into your potential home purchase, too.
When shopping around, ask about school districts, neighborhood crime, kids’ age in the neighborhood, and other demographics to plan a perfect move for your soon-to-be new family. Also, think about lifestyle modifications that will come with children and ways potential homes may or may not work for you.
If you and your partner are more spontaneous, purchasing a home before starting a family might not be as important as getting started now. Things to consider if thinking about waiting on a house might be your overall quality of life while trying to get pregnant. For some couples, the stress of finding the right home and making those first mortgage payments are better saved for later when life settles down.
Those who opt to wait to buy a home, and regardless of their reasons, it’s still a good idea to put money every month as you plan for your family. Even if the money never goes toward a down payment, it’s best to have an emergency fund before life gets even busier. In a year or less, you could be juggling life with a new baby.
Life moves fast. Before you know it, you could be searching for a new menopause tracker app and shocked by how fast life’s moved along. If you think menopause is in your near future, it’s important to consider factors like hormone therapy, your menopause transition, and estrogen supplements for family planning support. Preparing in little ways for the whirlwind ahead will help you out later on when you’re worried about retirement, estrogen levels, weight gain, and period trackers the way you might be tracking our fertility now.
Starting a family is a major decision. Buying a home is, too. No matter what you decide, be sure to take time to understand your options. Putting yourself in the best financial position possible will make a big difference in starting your family off right regardless of what you decide.
Only you and your partner can decide what’s right for you and your family at the end of the day. Planners, posters, or a combination, your decision on whether to buy a home before pregnancy should be made after the conversation, compromise, and research. Do what you can to keep an open mind when considering buying a home. Even the best-laid plans can sometimes change at a moment’s notice in any direction. If you aren’t sure what to do, consider talking to a real estate agent about your area options. Even going on a few home tours or attending open houses might help you decide what’s best for you and your future family.