Reply to What would you do with budget of 600-700K?

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[quote=Anonymous]I would not look in Chevy Chase, DC if you are looking for a single family home.  It would be really tough on that budget, and tougher still if you ended up wanting to send your child to private school, which half of all the kids in the neighborhood attend.  I would try to find a school district you can be happy with all the way through.  Bear in mind that if you buy at the top of your budget, you will have less flexibility to swing a private school tuition, even if your child really needs to go private for some reason (like a learning disability or some other issue).  The other thing is that the houses in the neighborhood are small by today's standards (although very nice by 1920s and 1930s standards, whch is when most of them were built).  We bought a 3 bedroom when we moved here many years ago (pre-kids) that would probably be at or just over the top of your budget now.  We outgrew it as soon as child #2 came along, and spent an additional amount equal to your whole budget to add on to it.  Unless you know for sure you are stopping at one kid, I would not view a small Checy Chase 3 bedroom as your "forever" house.[/quote]

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