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Reply to "Skipping starter home and buying 4-5BR house?"
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[quote=Anonymous][quote=Anonymous]OP here. Thanks for the insight, everyone! I think we'll just go for the 2BR home and see where things go. We can afford the bigger house but would rather invest our money elsewhere for a greater return given that the other rooms won't be utilized and dealing with renters seems like a hassle. [/quote] Again you don't get it. Buying a 2 bedroom might cost you more in the log run. For example, if you buy a 500k 2 bedroom condo and sell in five years you'll be spending at least 40k to sell (realtor and taxes). You would have been better off spending 40k more over the course of five years in interest and principle on a bigger house. You wouldn't have to move and you'd have more flexibility in terms of space. [/quote]
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