Should i buy a bigger home?

Question

I currently live in a 3/2, about 1500 sq. feet and am considering moving into a bigger house before second child is being born in about 6 months. I'm trying to figure out if this is a good move right now, considering that my monthly payment will go up by about 1000 dollars a month, and then there are the additional costs of higher insurance, utilities, taxes, etc.

It is going to mean saving less and stretching the budget to some degree. Looking for some insight from someone else going through this or someone that has recently gone through with a move like this, and whether it has been a good/bad thing financially.

Thanks!

Answer 1

Definitely what the first guy said! It will take some clean up, but now is the perfect time to buy one! Everyone just lost their homes, which is great for you!

Answer 2

begin, asap, searching for county tax foreclosure sales.

Answer 3

You always look at the big picture. If you income is not going up, you need to stay put. It is cheaper to add another room than to buy another house.