I’d just like to preface this by saying I absolutely do not want to offend anyone as I’m talking about money and lifestyle. I am going to not include figures as I don’t want to come across the wrong way.
So, I am 27, DH 33.
We live in SE, commuter town to London where I work. DH owns a business and works in education - his job is very stable. My profession itself is stable and high demand, my job seems fine at the moment but is of course vulnerable like a lot of private sector corps.
Current situation:
Good size 3 bed semi, 2 mins walk from a street of independent shops / cafes - a place we love to spend time. Desirable area. No parking, can be stressful as you can’t always park on your own road but usually can find a space within 1 min or so walk.
We overpay mortgage and would be mortgage free by 40ish (me). It’s big enough I think for children (we are ttc next year) but would feel a bit small with 2 kids. Smallish garden but good for us as low maintenance.
We go on two extravagant holidays a year (Maldives, Caribbean) and 4 other holidays (skiing / city breaks) and can eat out every week if we like. Money isn’t an issue per se, although we aren’t rich!
Potential house:
Larger 4 bed detached with bigger garden and parking. Double the price we paid for our current house. Due to size, is slightly further from the little high street (10 min walk) but less busy. Same schools catchment.
We could afford most big % changes on the mortgage however, it would mean only 1 holiday a year with potential little city breaks. We’d have to eat out less / be more careful with money. We’d have to budget.
WWYD? I keep thinking we are young so get the house whilst we can. But I don’t know if it’s dumb?
FWIW, I’d never give up my job even with children. However, I can’t predict illness etc but that is a risk you always take. We have all the necessary insurances through our work though.