I am not sure if anyone out there will be able to give any advice as ultimately I know the decision is down to us but...I wanted to ask opinions on our current situation.
DP and I live with my Dad. DD 3.5 and DS due in June. We can stay here for as long as we like and save for as long as we want to. Or we can buy...and we have found a small, terraced 100 year old cottage and have had an offer accepted. My main reason for wanting to buy is to make it on our own and make a family home for our little unit. We are both in our early 30's so feel time is ticking slightly on getting a mortgage as we need one over 35 years.
The house we have found is nice enough. It has many plus points:
- kitchen - has been extended to 19ft and has been re-fitted with all appliances inbuilt so we won't have to buy any
- bathroom has been re-fitted too
- Garden is 70ft long
- close to a really good school
- close to station as DP and I both have to commute
Negatives:
- It is only two bed and we are having one of each
- the rooms downstairs (although there are two) are fairly small. The biggest is 11'9 x 11'9 (which many might not call small but I guess I am basing that on our current living room).
- The bathroom is teeny tiny
- The road is busy-ish and the front door opens out onto the pavement. No direct parking out front.
I am scared that if we buy this house, then down the line we might find ourselves stuck there, having outgrown the space and with a boy and a girl coming up for teenage life and still sharing. Is this bad?
I am also worried that we will feel quite claustrophobic in the house, having been used to a 4 bed home on a quiet, residential street.
I feel as if we put off buying we might never make the jump and it has been so hard viewing houses and making offers in time before others get there first. It is the first house that has ticked most of our boxes and yet the fact it is directly on a fairly busy road really worries me.
So - that is the story. Sorry it is a bit long. I am just so scared that if we buy it will be the wrong decision long term but feel as if we can't keep waiting for perfection which might never materialise. We know we are buying above the odds as house prices in our area are just crazy but then what is the other option....wait until house prices crash again?
As I said - any thoughts would be really useful and thank you for your time.