Reply to Buy a second house now when engaged or wait until we need the space?

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[quote=Anonymous][quote=Anonymous]We're getting married in 2024 both around 30 and I currently own a TH that I bought when I was 23 with a very low monthly payment relative to our income (about 6% of take home pay). It's near a good public elementary school... have a few hundred thousand liquid for a down payment to buy a SFH in the low 1M's...

What would you do in this situation where you are young, want kids and a SFH in the future, and are able to afford a SFH but don't need it right now? I'm afraid a 1M house will turn in to 1.5M when we are ready, so I am tempted to take the plunge.[/quote]

You know target areas, and keep a pulse on listings.  If youre looking in some locations there are not lots of newer developement houses that perptually pop on and off the market [ie Ashburn].  Go for a property that checks most of your boxes and would only need non structural- no walls removed, no moving plumbing/electrical. Since you have a great TH location you have the buyer luxury of waiting for the right property[/quote]

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