Buying a home with for your family is a far different experience than if you were buying as a single person. There are considerations that you must make to determine if the home is right for not only you, but your family. If you are in the market for a new home for your family, here are some questions to ask before signing a contract.
How Close Is the Home to Your Family?
For many families, being near their extended family members is important. Living near those family members means a chance to build on and maintain a close relationship. If you have children, this is especially important to their growth and development.
If you believe in nurturing the relationships with your extended family, your search should focus on neighborhoods that are close to them. It is important to note that you do not have to move into the same neighborhoods, but staying within 30 minutes of your extended family can be beneficial to everyone.
What Type of Floor Plan Is Best for Your Family?
Every family has different needs when it comes to the floor plan. Some families have small children and need them to be within eyesight all the time. Other families have older children who want their distance and own space.
Before you start your search, talk to everyone in your family to find out how much space they need. You also need to consider any special challenges that could impact the type of floor plan you look for. For instance, if you have an elderly relative living with you, finding a home with an easily accessible bedroom is important.
Is a New Home a Better Option?
Older homes have a lot of features that could make it the right choice for your family, but there are some features that new homes might have that give them the advantage. For instance, newer homes are more likely to have a detached living quarters designed for a relative who needs their own space. If your family includes an in-law or adult child who needs their space, this could be the perfect arrangement.
New homes also tend to be more open. Instead of having to knock down walls to get the openness that your family wants, you could spend more time on making your new home truly yours.
Talk to your realtor to receive guidance on other questions you should ask before committing to a family home.