My Boyfriend and I have been trying to decide whether we want to buy a house or continue to rent for a while. We have looked at a few different houses now, and I used the information from the one I liked the best to fill out one of those Mortgage Calculators. The estimate that it gave me was not too far off from what we currently pay to rent. Now granted the house we looked at is pretty tiny. It would be perfect for the two of us, but if the two of us ever became the three of us (or four or five or six!) we would quickly outgrow it. This is where we run into another huge decision. How far in advance do we really want to plan?
We are not engaged, but clearly very serious about spending the rest of our life together if we plan to purchase property together. Neither one of us is ready to have kids for at least another five to ten years. Should we buy a house with these hypothetical children in mind? Or just do what is going to work best for us right now and worry about selling it and moving when that time comes? I am legitimately torn about this because I don’t really know how I might possibly feel in ten years. Part of me thinks I will be ready for a change by then anyway, and a newer, bigger house might be perfect. Another part of me thinks that you spend all this time trying to make a house a home, finally get settled and satisfied, and then you need to up and leave. I feel like some of these decisions are so important, but without being a psychic, how can you really know what will be best for your future self?