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Reply to "Help a first time parent pick a neighborhood "
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[quote=Anonymous]Go for semi-attached in Glover Park or another upper NW neighborhood. You may be able to find fully detached on that budget - on market now - https://www.redfin.com/DC/Washington/4513-45th-St-NW-20016/home/9949594 went for 1.1 in May, AU Park https://www.redfin.com/DC/Washington/4815-Yuma-St-NW-20016/home/9946321 If you need to move now, you may want to consider doing less than 20% down and paying PMI for a few years. Seems fine on your income. In general, keep in mind that buying and selling are very expensive with high fixed costs (realtor fees, title fees, etc). So you don't want to commit to something that you'll want to leave soonish (I'd say 7 years or less). It could be worthwhile to add another 100K to your budget rather than pay even more than that in fixed costs in 3 years or 5 year or whatever. Sometimes there's good advice on this forum, but the folks that just talk about home price and down payment tend to be overly simplistic.[/quote]
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