House prices seem to always be rising out of reach no matter how badly affected a suburb is by the economics of the day.
It is important to be realistic about the type and size of house that you need to buy.
One important consideration is the number of bedrooms needed. If you have teenage children or even young adults living at home then you need to have an in depth discussion about how long this is likely to continue for.
In some cases it is desirable and appropriate for them to be at home for an indefinite period of time but in many cases they are just staying until they have finished studying, are ready to travel or have a steady job.
If the time frame for them moving away from home is less than 3 years then you will be buying a bigger house than you need in the medium and long term. The cost of downsizing is excessive but you may not want to live in a large home with fewer people.
A solution many families are using is to have a portable cabin (or two) placed on the section alongside the house. If its chosen well it will blend in with the house and when they are rented and not bought the expense of the cabin is gone when the occupant goes.
A portable cabin differs from a trailer because they are simply a room - built to local housing requirements with insulation and certified electrics. They are at ground level and don't need stairs to climb up into which can be helpful if there are mobility issues.
In general, the cost of buying a three bedroom home instead of a two bedroom home will be far greater than three years of rent of a cabin - and at the end you have the home you really need.
Consider the case of Lynley. After a messy divorce she had a small amount of capital with which to purchase a new home. She also had two teenagers who planned to study out of town once they'd finished school.
The three bedroom homes she could afford were away from her established social networks and her job. If she looked in the suburbs where she actually wanted to live she couldn't afford anything more than a two bedroom ขายบ้าน home.
After sitting down with her children she found her daughter was excited about the idea of having a cabin separate from the house where she would have more privacy and her own "space".
Lynley rang around the local portable cabin suppliers and discovered that the cost of renting a cabin to use as a sleepout was less than the increased mortgage would have been and fell within her budget.
A few years on, Lynley has only one child at home, the cabin has been returned and Lynley has declared the experience to be a success.
So, if you are trying to buy a home and the finances are stretched be creative about your requirements and you may find there is a solution.
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