Two or Three Bedroom House when you have kids?
Christine
My husband and I are buying a house, we have a two year old. We would prefer a 3 bdrm but we found a REALLY NICE 2bdrm w/ a HUGE family room addition, its a very nice house. We plan on having another baby in a few years (3-4 yrs) so would the 2bdrm house be silly to buy? To me the extra family room completly makes up for only 2 bdrms since it adds so much space but my husband is worried about reselling it, which we wont be doing for atleast 7 years.The 3bdrms in this area in our price range arent as nice though, they all need a lot more work, the 2bdrm we found is move in ready and almost everything has been replaced and it is a lot more square footage than the 3bdrms around here, also there is a finished basement that has a sleeping area, not technically a bedroom but it looks like one to me.. What would you do?
WOW you guys respond really fast! I appreaciate all the answers so far, they are all great! Thanks!
Answer
I am an investor i never buy 2 bedrooms unless i can practically steal it. I would say get a three bedroom or save a little until you can afford a 3 bedroom because if you buy a 2 bedroom this is whats going to happen. In 5 years when you need a three bedroom you will have to sell your home and take a 6% hit on the deal because of a commission then buy again. No guarantee's in this market it will be easy to sell in 5 years or when that time comes. Get what you need now to take care of your family needs for 10 to 20 years.
I am living in my 3 bedroom I have been here 6 years and even if our family expanded we have space.
I would rather see you roll up your sleeves on a 3 bedroom fixer upper and make it into a nice home and cash in on a fat amount of equity then you buy a nice 2 bedroom and sit on it for 5 years then lose 6% to a commission.
Thinking long term as you have heard i am sure pays off!
Remodeling isn't that expensive if you do it yourself. Weekend warrior projects are good to bring family together and will keep you focused close to home. When its finished you will have a prize for less then the ones around you that were nice to start with. when you remodel just save the kitchen for last its the most expensive room in the house.
I toke me 5 years to get our home done and my wife didn't like the process but she also had no idea I had paid cash for our home in less then 4 years. we got it for 65% of its true worth cause it needed fix ups and was a forclosure.
It is in the best hood in town right across street from a park with over a mile of lake frontage and board walk.
I have been an investor of real estate for 17 years now. I look back at all the dumps I bought and fixed up and think that simple little sentence sums it up. Buy the largest junker in the best neighborhood you can. Then fix it up. When you buy your first home I see a lot of growing families settle for 2 bedrooms only to be stuck selling 5 years later or less.
In addition to losing the 6% commission if you have to buy another home in 5 years you will pay a second set of closing costs. All these extra fees from doing multiple transactions add up. When you stay in one spot you pay down the mortgage and wont have to worry about where interest rates are in 5 years when you sell and make a brand new loan on a 3 bedroom. Get the 3 bedroom now and lock rates in cause they are low. Get a fixed rate mortgage and no buy downs on points. PS: professionals call 3 bedroom homes bread and butter homes cause they are trhe easiest to sell!
I am an investor i never buy 2 bedrooms unless i can practically steal it. I would say get a three bedroom or save a little until you can afford a 3 bedroom because if you buy a 2 bedroom this is whats going to happen. In 5 years when you need a three bedroom you will have to sell your home and take a 6% hit on the deal because of a commission then buy again. No guarantee's in this market it will be easy to sell in 5 years or when that time comes. Get what you need now to take care of your family needs for 10 to 20 years.
I am living in my 3 bedroom I have been here 6 years and even if our family expanded we have space.
I would rather see you roll up your sleeves on a 3 bedroom fixer upper and make it into a nice home and cash in on a fat amount of equity then you buy a nice 2 bedroom and sit on it for 5 years then lose 6% to a commission.
Thinking long term as you have heard i am sure pays off!
Remodeling isn't that expensive if you do it yourself. Weekend warrior projects are good to bring family together and will keep you focused close to home. When its finished you will have a prize for less then the ones around you that were nice to start with. when you remodel just save the kitchen for last its the most expensive room in the house.
I toke me 5 years to get our home done and my wife didn't like the process but she also had no idea I had paid cash for our home in less then 4 years. we got it for 65% of its true worth cause it needed fix ups and was a forclosure.
It is in the best hood in town right across street from a park with over a mile of lake frontage and board walk.
I have been an investor of real estate for 17 years now. I look back at all the dumps I bought and fixed up and think that simple little sentence sums it up. Buy the largest junker in the best neighborhood you can. Then fix it up. When you buy your first home I see a lot of growing families settle for 2 bedrooms only to be stuck selling 5 years later or less.
In addition to losing the 6% commission if you have to buy another home in 5 years you will pay a second set of closing costs. All these extra fees from doing multiple transactions add up. When you stay in one spot you pay down the mortgage and wont have to worry about where interest rates are in 5 years when you sell and make a brand new loan on a 3 bedroom. Get the 3 bedroom now and lock rates in cause they are low. Get a fixed rate mortgage and no buy downs on points. PS: professionals call 3 bedroom homes bread and butter homes cause they are trhe easiest to sell!
fulton bed for kids bedroom?
~anonymous
where can i buy one?
Answer
I think you mean "Futon Bed". They are available at lots of places like IKEA, Walmart, Target,online and local bed and mattress stores, garage/tag/yard sales, Craig's List, newspaper classifieds, etc.
If you are going to use it as the child's primary bed then buy an inner spring mattress instead of the typical foam and padding mattress. It will be more comfortable and will not get flat and hard as quickly. If possible, try them out before you buy one for both comfort and also ease of opening and closing. I have a wood frame futon in a bedroom in addition to a regular bed. It's not too difficult for a teenager or adult to open and close, but a child would have a tough time with it. The metal framed ones are usually easier to operate.
Also, get a water/stain resistant, zip-on mattress cover for it. I use one of the anti-allergy covers.
If it will be used often as a sofa then also get a zip-on cover that zips around at least two sides. I had one that only zipped on the one end and it was a pain to take of and put on to wash it.
I think you mean "Futon Bed". They are available at lots of places like IKEA, Walmart, Target,online and local bed and mattress stores, garage/tag/yard sales, Craig's List, newspaper classifieds, etc.
If you are going to use it as the child's primary bed then buy an inner spring mattress instead of the typical foam and padding mattress. It will be more comfortable and will not get flat and hard as quickly. If possible, try them out before you buy one for both comfort and also ease of opening and closing. I have a wood frame futon in a bedroom in addition to a regular bed. It's not too difficult for a teenager or adult to open and close, but a child would have a tough time with it. The metal framed ones are usually easier to operate.
Also, get a water/stain resistant, zip-on mattress cover for it. I use one of the anti-allergy covers.
If it will be used often as a sofa then also get a zip-on cover that zips around at least two sides. I had one that only zipped on the one end and it was a pain to take of and put on to wash it.
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Title Post: Two or Three Bedroom House when you have kids?
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Rating: 97% based on 9598 ratings. 4,8 user reviews.
Author: Unknown
Thanks For Coming To My Blog
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