With the impending arrival of a new baby, it is no surprise if you are looking to upgrade your housing.
Many expectant parents decide that purchasing a new home will be the best way to ensure they have the space and comfort that they need when they bring the bundle of joy home for the first time.
Here are five tips for finding a new home for your family if you are expecting in 2021.
Table of Contents
Account for New Baby Expenses
When setting the budget for your new home, it is imperative that you consider what your budget will look like after the baby is here. It is no secret that babies cost a lot of money.
This is particularly true if you will be paying for daycare or if one parent plans on leaving their job in order to stay home and care for the infant.
Other costs to consider include formula, diapers, clothes, additional medical costs, and educational funding. You also need to consider the upfront costs that you will incur prior to the arrival of the baby.
This includes a car seat, stroller, nursery furniture, and much more. Whatever you think you are going to need to spend, it is a good idea to add an extra 15% for padding.
Look for Family-friendly Features
The house of your dreams as a married couple without kids will most likely look much different than what you need now with a child on the way.
When looking for the perfect home for your family, be sure to consider all of the child-friendly features you want in your new place.
For example, a home with a play area off of the main level kitchen and family room is a great idea when children are younger.
Older teens will appreciate a bonus room to hang out in that is more separate from the rest of the house. You also need to consider the location of the home.
Will your children be able to play safely outside? Is there a fenced backyard? These are all good questions to ask yourself.
Consider Purchasing New
As you are just starting off on your journey as a family, you are going to want to find a home that is built to last.
This makes considering a new construction home a wise choice in this season in life. You also do not want to be saddled with having to remodel a home or deal with unexpected maintenance expenses because you chose a fixer-upper.
Instead, you should focus your search for new homes for sale in Edmonton.
Not only will you enjoy a brand new home at an affordable price, but you will purchase with the confidence of knowing that you are not going to have to invest a lot of time and money into making it perfect.
School Considerations
In addition to the location of the neighborhood, you also need to consider the schooling options near the home.
There are numerous ways to assess the school districts in the neighborhoods that you are considering.
Your realtor is also a good source of information about local school districts.
If you plan on sending your child to private school, you need to time the morning and afternoon commute to make sure that it is acceptable to you and your schedule constraints.
While you may pay more for a home in a good school district, these homes are more likely to rise in value more quickly. This will make the home a solid real estate investment.
Consider Future Family Needs
When choosing a new home, you need to consider both your current and future family needs.
If this is your first child, be sure to think about how many more children you wish to have and plan accordingly. This means buying a home with more space than you may need at the current time.
If this is your last child, you probably already have a good idea about your space needs. Having a plan in place while you look at homes will help to guide your purchasing decision.
While adding to your family and purchasing a new home in one year is a lot to tackle, you will not regret making the effort to get settled before the baby arrives.
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